"its backed by the network and security model, dummy"?
Why do I have the urge to say "read".
"sure to sound really serious as we would not want to sell to any dumb people and trick them into thinking something has legitimate value and may be backed by something by giving it a name like USD, or GOLD. "
I agree with you, however the difference is doge or bitcoin do not have names like bitUSD, bitGOLD. That is fine if you want to play with dervitives, just make sure to sell it as a really safe and secure system, yep it is transparent,doesnt mean that it wont collapse opon itself. The base risk is there, but nobody wants to talk about it. Bitcoin, Dogecoin ect, do not have a VC company behind it, bitsharesX does, how do they get profit out of this?
So this whole
hese are the VERY same arguments people have had with all of crypto
all crypto = all crypto does not hold up. I know that there are not physical assets backing doge or bitcoin, there is also no attempt to create assets that have names of physical assets or nation state fiat without having these assets or fiat in hand.
As you notice I am very much talking about how it is marketed and not the technology, take a look.
Kind of like a really well branded, packaged and polished turd. And everyone is waving their polished turds, shouting around to each other "omg man, this candy bar is so good!"
This is exactly the same here, see marketing.
the crypto-masters' legitimate attempt at true evolution in markets
There it is "crypto-masters"
The adversal tribe metality of us vs. them is strong here, sounds like a great evolution.
looking down to the sheep and herding them in keep repeating the mantras"your own ft.knox" just picture it.
"get rich" "bitcoin killer" "altcoin killer" "this will rise like bitcoin from 0.01 to 1000$"
I am very suprised so much has been written about a little joke that I thought of. Please continue.
When china stops buying and BitsharesX crashes, I might pick some up, hell I even have some protoshares.