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Offline bytemaster

What is a crypto-equity?
« on: March 31, 2014, 04:52:19 PM »

A crypto-equity is a more accurate description of what a crypto-currency is. Bitcoin is first and foremost a crypto-equity, when it is used as a medium of exchange, it becomes a crypto-currency. In the same ways shares in Apple (AAPL) are first and foremost an equity, but if they became bearer shares and started circulating in barter transactions they could become a currency as well.


I was working on the latest FAQ page to help add some clarity and thought this particular answer was worth reposting here...

http://107.170.30.182/faq/

Please let me know if you have additional FAQ items...  I will be migrating FAQ items from the current bitshares.org site as I review them for accuracy and clarity. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline santaclause102

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Re: What is a crypto-equity?
« Reply #1 on: March 31, 2014, 06:00:31 PM »
A crypto-equity is a more accurate description of what a crypto-currency is. Bitcoin is first and foremost a crypto-equity, when it is used as a medium of exchange, it becomes a crypto-currency. In the same ways shares in Apple (AAPL) are first and foremost an equity, but if they became bearer shares and started circulating in barter transactions they could become a currency as well.


I was working on the latest FAQ page to help add some clarity and thought this particular answer was worth reposting here...

http://107.170.30.182/faq/

Please let me know if you have additional FAQ items...  I will be migrating FAQ items from the current bitshares.org site as I review them for accuracy and clarity.

In contrasct to APPL and USD and Gold etc. Bitcoin's value as a crypto equity solely comes from it's use a a currency / medium of exchange.

Offline CWEvans

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Re: What is a crypto-equity?
« Reply #2 on: March 31, 2014, 06:19:42 PM »
Bitcoins are non-voting shares. All of the voting power is in the hands of the miners, who might or might not hold bitcoins.

As for using Bitcoin shares as media of exchange, Richard Rahn predicted this in 1999 in The End of Money.

Offline G1ng3rBr34dM4n

Re: What is a crypto-equity?
« Reply #3 on: April 02, 2014, 08:58:14 PM »
A crypto-equity is a more accurate description of what a crypto-currency is. Bitcoin is first and foremost a crypto-equity, when it is used as a medium of exchange, it becomes a crypto-currency. In the same ways shares in Apple (AAPL) are first and foremost an equity, but if they became bearer shares and started circulating in barter transactions they could become a currency as well.


I was working on the latest FAQ page to help add some clarity and thought this particular answer was worth reposting here...

http://107.170.30.182/faq/

Please let me know if you have additional FAQ items...  I will be migrating FAQ items from the current bitshares.org site as I review them for accuracy and clarity.

Agree completely with the language of cryptoequity


Offline G1ng3rBr34dM4n

Re: What is a crypto-equity?
« Reply #4 on: April 02, 2014, 08:59:54 PM »
http://107.170.30.182/faq/

And holy content creation batman!!  I've got some homework tonight to read through... Just a few clicks through the "companies" section and I'm pleasantly surprised.  And videos too!!
« Last Edit: April 02, 2014, 09:02:04 PM by G1ng3rBr34dM4n »

Offline graffenwalder

Re: What is a crypto-equity?
« Reply #5 on: April 02, 2014, 09:24:26 PM »
Was wondering how the percentage was going to be shown in the wallet.

The BIP seems to be a good solution.

But when you would like to transfer to an exchange are you sending BIP's or shares?

In other words, would this force a centralized exchange to trade in BIP's?

Offline bytemaster

Re: What is a crypto-equity?
« Reply #6 on: April 02, 2014, 09:41:17 PM »
Yes exchanges will trade in bips because they are the unit of account. 


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For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

 

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