my thinking how to create bitAssets please give feedback

[vid]

Long or Short is for experienced trader not normal people, blockchain only want derivative contract to make bitAssets

[vid]

Is this now any different from the current system?

people can create bitAssets and don't lost the BTS, and the BTS price go up i can take back my the same BTS have more value.

[monsterer]

Then bitshares can use the cover concept, to create bitGOLD or bitSILVER and people don't lost the BTS ok

Is this now any different from the current system?

[vid]

If a cover occurs, the contract will continue and the bitSILVER will still exist, but as soon as the contract is broken, the bitSILVER disappears

Then bitshares can use the cover concept, to create bitGOLD or bitSILVER and people don't lost the BTS ok

[monsterer]

this two contracts is link one can go up one can go down the win can cover lose, or the blockchain can automatic close two link contracts.

If a cover occurs, the contract will continue and the bitSILVER will still exist, but as soon as the contract is broken, the bitSILVER disappears.

[vid]

As soon as bitSILVER/BTS price moves more than 50 BTS in either direction, one of Alice's contracts will get margin called and the bitSILVER gets destroyed

this two contracts is link one can go up one can go down the win can cover lose, or the blockchain can automatic close two link contracts.

[monsterer]

Alice make a derivative contract 50BTS buy up and 50BTS buy down at the same time in the blockchain this the market can go up or down the contract is worth it 100BTS all the time no interest involved and Alice need to put 100BTS to secure this contract a bitSILVER is born.

As soon as bitSILVER/BTS price moves more than 50 BTS in either direction, one of Alice's contracts will get margin called and the bitSILVER gets destroyed.

[vid]

Bitshares can only create bitGOLD or bitSILVER, bitGOLD and bitSILVER can only create country backing currency, BTS can exchange BitAssets.

How the bitGOLD or bitSILVER is being create. The market can only go up or down an example Alice want to created bitSILVER and the price is 100BTS to 1silver at the time, Alice make a derivative contract 50BTS buy up and 50BTS buy down at the same time in the blockchain this the market can go up or down the contract is worth it 100BTS all the time no interest involved and Alice need to put 100BTS to secure this contract a bitSILVER is born. All contract is the same only volume of the contract not the same the price volume is at the contract create wallet. If the new price of the BTS is 50BTS to 1silver Alice can end his old contract using 1bitSILVER in her own wallet and make a new want at a lower price.

How bitUSD,bitCNY is being create. bitGOLD or bitSILVER is back by 200% of BTS so what the price of the gold or silver is the price of the currency. Then blockchain holding the bitGOLD or bitSILVER to back the bitUSD,bitCNY. And blockchain control the backing currency limit flow in and out of bitGOLD and bitSILVER.