Author Topic: bitBTC market is now up and running!  (Read 4978 times)

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Offline Riverhead

It is safer than trading on an exchange if you are trading just for the sake of trading. If you are trading to spend them then that is another story, but I have a feeling the bitasset infrastructure will fall into place to allow people to do that.


This is the primary reason I'll be using it. If we learned anything from Mt. Gox. Now exchanges seem to be a lot more transparent however they are still easy targets for regulators regardless of their good intentions. With BitSharesX all your money stays either in your wallet or on the blockchain when being stored as collateral. You don't have to trust a third party to keep your money safe until you withdraw.


This isn't to paint the exchanges with a bad brush but they are a big target for a hacker; much more so than an individual wallet with trades protected by TITAN so only the person looking at the screen has any idea how much money is in it.

Offline CoinHoarder

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What are the reasons someone would buy/short BitBTC as opposed to buying/shorting the real thing?

Because could do so without going through a trusted third party (an exchange), where you are instead exchanging btsxIOUs for xbtIOUs, and your funds could theoretically be seized, stolen, or held until you comply with some sort of kyc (know your customer) procedure.

It is safer than trading on an exchange if you are trading just for the sake of trading. If you are trading to spend them then that is another story, but I have a feeling the bitasset infrastructure will fall into place to allow people to do that.
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Offline Method-X

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What are the reasons someone would buy/short BitBTC as opposed to buying/shorting the real thing?

Offline CoinHoarder

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Great job Sir, CoinHoarder .  Are you a developer/engineer for bitsharesx?

No, just a "fan boy." hahaha  ;D
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Offline eagleeye

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OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

You will be read about in little kids' history classes in 20 years.  8)

Not at my age, I won't  ;D

cryogenics my friend.  Welcome to the 21st century :)

Offline eagleeye

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Great job Sir, CoinHoarder .  Are you a developer/engineer for bitsharesx?

Offline onceuponatime

OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

You will be read about in little kids' history classes in 20 years.  8)

Not at my age, I won't  ;D

Offline CoinHoarder

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OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

You will be read about in little kids' history classes in 20 years.  8)
https://www.decentralized.tech/ -> Market Data, Portfolios, Information, Links, Reviews, Forums, Blogs, Etc.
https://www.cryptohun.ch/ -> Tradable Blockchain Asset PvP Card Game

Offline onceuponatime

OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

Offline CoinHoarder

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« Last Edit: September 01, 2014, 04:56:23 am by CoinHoarder »
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