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Offline Method-X

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How is the bitUSD peg holding up?
« on: August 28, 2014, 12:46:14 AM »

BitShares.app keeps crashing on me so I have no way to monitor what's happening. Is the peg going according to plan?

And on a side note: we should have a bitAsset sub forum.  ;) @bytemaster

Offline donkeypong

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Re: How is the bitUSD peg holding up?
« Reply #1 on: August 28, 2014, 03:00:10 AM »
Market peg is holding up GREAT.

Offline yellowecho

Re: How is the bitUSD peg holding up?
« Reply #2 on: August 28, 2014, 03:10:22 AM »
Market peg is holding up GREAT.

It really is amazing, isn't it??
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Offline Empirical1

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Re: How is the bitUSD peg holding up?
« Reply #3 on: August 28, 2014, 03:18:46 AM »
Market peg is holding up GREAT.

It really is amazing, isn't it??

 +5% It's great, exciting stuff!

Can't wait to fast forward a month or so from now when most teething problems are out the way and more traders and longs are in the market.

'When this baby hits 88 miles per hour, you're gonna see some serious shit'


Offline Method-X

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Re: How is the bitUSD peg holding up?
« Reply #4 on: August 28, 2014, 04:32:46 AM »
Good to hear the peg is holding up as planned. I'm going to wait a week and if everything is still running smooth, I'm seriously considering converting all of my BTC into BTSX. I definitely "get it" at this point... Somebody tell me I'm not being an idiot.

Offline cygnify

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Re: How is the bitUSD peg holding up?
« Reply #5 on: August 28, 2014, 04:35:16 AM »
Good to hear the peg is holding up as planned. I'm going to wait a week and if everything is still running smooth, I'm seriously considering converting all of my BTC into BTSX. I definitely "get it" at this point... Somebody tell me I'm not being an idiot.

You can be an "idiot" like me then. I for one won't be talking you out of it. Although Ill hang onto some bitcoin's for sentimental reasons :)

Offline yellowecho

Re: How is the bitUSD peg holding up?
« Reply #6 on: August 28, 2014, 04:39:37 AM »
Good to hear the peg is holding up as planned. I'm going to wait a week and if everything is still running smooth, I'm seriously considering converting all of my BTC into BTSX. I definitely "get it" at this point... Somebody tell me I'm not being an idiot.

You can be an "idiot" like me then. I for one won't be talking you out of it. Although Ill hang onto some bitcoin's for sentimental reasons :)

Seriously... I converted by all my BTC to AGS way back in January!  :P
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Offline luckybit

Re: How is the bitUSD peg holding up?
« Reply #7 on: August 28, 2014, 04:39:42 AM »
Market peg is holding up GREAT.

It really is amazing, isn't it??

 +5% It's great, exciting stuff!

Can't wait to fast forward a month or so from now when most teething problems are out the way and more traders and longs are in the market.

'When this baby hits 88 miles per hour, you're gonna see some serious shit'

It's actually quite amazing. It's like watching a baby try to take it's first steps. First we stumble around a bit but eventually we start to grow more confident. BitUSD was our first steps and we are learning how to stand and walk.

The BitUSD peg is magnificent. The naysayers said it was impossible and that the peg couldn't work. Now there is irrefutable evidence that it does work. It's not perfectly efficient yet but it does function which means efficiency can easily be increased over time.
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Offline Shentist

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Re: How is the bitUSD peg holding up?
« Reply #8 on: August 28, 2014, 04:42:45 AM »
Good to hear the peg is holding up as planned. I'm going to wait a week and if everything is still running smooth, I'm seriously considering converting all of my BTC into BTSX. I definitely "get it" at this point... Somebody tell me I'm not being an idiot.

if you need someon to "talk you out" this is the wrong place  :)
we are all blinded or see something what other people will understand later.

i posted on twitter "maybe we discover a new world, or there is only the edge of the world"


Offline Troglodactyl

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Re: How is the bitUSD peg holding up?
« Reply #9 on: August 28, 2014, 04:46:06 AM »
Good to hear the peg is holding up as planned. I'm going to wait a week and if everything is still running smooth, I'm seriously considering converting all of my BTC into BTSX. I definitely "get it" at this point... Somebody tell me I'm not being an idiot.

You're at the right place for people telling you buying BTSX isn't idiotic...

You might want to get in gradually instead of waiting a week and going all in, just to balance your early adoption risk against the risk of another growth wave before you convert.  Just depends on what your priorities are.

Offline mbaeichapareiko

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Re: How is the bitUSD peg holding up?
« Reply #10 on: August 28, 2014, 07:21:02 AM »
Did you download the latest wallet.   4.8?   after installing it   no more crashes and syncing great over here.   Good job BitsharesX!   

Also amazing work with bitusd,  i think when goldusd kicks off, this is going to get really interesting.   Especially with all the political trouble in ukraine middle east and war,  gold takes off in times of war.


Offline xeroc

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Re: How is the bitUSD peg holding up?
« Reply #11 on: August 28, 2014, 07:40:04 AM »
Did you download the latest wallet.   4.8?   after installing it   no more crashes and syncing great over here.   Good job BitsharesX!   
latest is 0.4.9!
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Offline GordonS

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Re: How is the bitUSD peg holding up?
« Reply #12 on: August 28, 2014, 08:12:47 AM »
Wasn't BITUSD going for 0.86 USD on BTER for a few hours yesterday, and again for a bit today?

Not to put a downer on things, but I think it's a but early to be hailing the peg as a great success.

Offline xeroc

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Re: How is the bitUSD peg holding up?
« Reply #13 on: August 28, 2014, 08:16:06 AM »
those price swings have been expected .. and most probably will stabilze once more money makers and bots go online
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Offline Empirical1

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Re: How is the bitUSD peg holding up?
« Reply #14 on: August 28, 2014, 02:58:07 PM »
those price swings have been expected .. and most probably will stabilze once more money makers and bots go online

 +5% I actually expected lower levels in the beginning.   

There are so many BTSX bulls and very few traders. Once you add in traders, bots, particularly CNY profit taking as BitCNY, people taking advantage of interest on their BTC in BitBTC and a stable version. I expect it, even within a month to trade a lot closer to the peg. Within 3 months I doubt the peg will be more than 3/4% lower on average for most BitAssets. 



 

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