Benefits of holding bitusd vs. USD

Started by mf-tzo, August 12, 2014, 03:06:47 PM

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bytemaster

#5
August 12, 2014, 03:18:34 PM
You can trade against BitGold/Silver/Etc  in ForEx
You can hedge against BTS X volatility without creating taxable events or going through a centralized exchange.
You can pay merchants in BitUSD without having to use a service like BitPay to handle volatility risk.
You can support easier cross-chain-trading with market-pegged assets on both chains.
If you are also holding BXTS holding BitUSD helps support the price of BTSX by generating demand for BitUSD.

For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
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.

tonyk

#4
August 12, 2014, 03:12:30 PM
The answer is  - you have all the benefits of crypto currency with the price stability of a dollar.

Imagine your all your $ being BTC and at the same time whenever you decide you can change them back to USD 1:1;
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

xeroc

#3
August 12, 2014, 03:10:57 PM
- (should be) worth a USD with the advantages of the decetnralized cryptocurrencies ... (no seizure, 'laundering'?, clean (not drug dirty), 'no' change)

toast

#2
August 12, 2014, 03:10:54 PM
1) Can't be seized without your consent
2) Send to anyone in the world instantly
3) Private / anonymous
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

mf-tzo

#1
August 12, 2014, 03:06:47 PM
Can someone please remind me the benefits. I know there are a lot but I have forgot most of them by now...

I am pretty sure new investors will also want to find out.

Let's keep it simple...

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[url="//www.bitshares.gr/"]www.bitshares.gr/[/url]
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