BitUSD used to buy artistcoins?

[bitrose]

In my opinion:

music_bitusd is a private bitusd , like rose in the Btsx ，like bitusd in bter.com , like The HongKang dollar for USD.

btsx_bitusd is a system bitusd.

(1)in music:peertracks issue 100 music_bitusd
(2)in btsx: peertracks create account or assets bitusd.peertracks
(3)in btsx: I send 10 bitusd to bitusd.peertracks(or its account)
(4)in music: I import my btsx's privatekey ,then(may be this need delegates's feed price) , peertracks send 10 music_btsusd to me.

[metalallen]

According to http://peertracks.com/faq.html artistcoins can be bought using BitUSD.

BitUSD is on a different blockchain than Bitshares Music, so can someone explain the link between them? Do I open my BTSX wallet and send BitUSD to peertracks, and then it credits me with snoop dog coins?

Also, is peertracks.com basically an easy to use frontend to Bitshares Music, so that users dont need to download the wallet or know anything about crypto?

People funding their accounts would do so in BitUSD collateralized by Notes (the Units of the Music DAC) So they really are shopping for music using Notes.. 1USD worth of Notes all packaged into what we know as a BitUSD.

Can you elaborate a little on this? Does this mean that Bitshares Music will have its own bitUSD? So after Music launches we'll have two independent markets that are creating bitUSD?

Yes and this will enable cross chain trading.

If this will enable cross chain trading, then why we need various kinds of BitUSD? I'm lost.

[bytemaster]

According to http://peertracks.com/faq.html artistcoins can be bought using BitUSD.

BitUSD is on a different blockchain than Bitshares Music, so can someone explain the link between them? Do I open my BTSX wallet and send BitUSD to peertracks, and then it credits me with snoop dog coins?

Also, is peertracks.com basically an easy to use frontend to Bitshares Music, so that users dont need to download the wallet or know anything about crypto?

People funding their accounts would do so in BitUSD collateralized by Notes (the Units of the Music DAC) So they really are shopping for music using Notes.. 1USD worth of Notes all packaged into what we know as a BitUSD.

Can you elaborate a little on this? Does this mean that Bitshares Music will have its own bitUSD? So after Music launches we'll have two independent markets that are creating bitUSD?

Yes and this will enable cross chain trading. 

[biophil]

According to http://peertracks.com/faq.html artistcoins can be bought using BitUSD.

BitUSD is on a different blockchain than Bitshares Music, so can someone explain the link between them? Do I open my BTSX wallet and send BitUSD to peertracks, and then it credits me with snoop dog coins?

Also, is peertracks.com basically an easy to use frontend to Bitshares Music, so that users dont need to download the wallet or know anything about crypto?

People funding their accounts would do so in BitUSD collateralized by Notes (the Units of the Music DAC) So they really are shopping for music using Notes.. 1USD worth of Notes all packaged into what we know as a BitUSD.

Can you elaborate a little on this? Does this mean that Bitshares Music will have its own bitUSD? So after Music launches we'll have two independent markets that are creating bitUSD?

[cob]

According to http://peertracks.com/faq.html artistcoins can be bought using BitUSD.

BitUSD is on a different blockchain than Bitshares Music, so can someone explain the link between them? Do I open my BTSX wallet and send BitUSD to peertracks, and then it credits me with snoop dog coins?

Also, is peertracks.com basically an easy to use frontend to Bitshares Music, so that users dont need to download the wallet or know anything about crypto?

PeerTracks will not be holding any customer funds. This trustless world shall remain trustless ^^

PeerTracks is running on top of the BitShares Music Blockchain, so you are correct, it runs off a different blockchain entirely from BTSX. It won't be possible (at least not yet) to send BTSX Bitassets to another chain (BitShares Music).
People funding their accounts would do so in BitUSD collateralized by Notes (the Units of the Music DAC) So they really are shopping for music using Notes.. 1USD worth of Notes all packaged into what we know as a BitUSD.


And Yes. That's exactly what PeerTracks aims to be at first. and easy to use front end for the non-crypto crowd.

People's balances will appear in USD (BitUSD!) that should be (crossed fingers) volatility free. They would just shop around for music like they would any other music store, only in this instance they can buy artistcoins and make a profit if they purchased a coin from an artist that sells a lot of content.

This is the Minimum Viable Product.

Then Peertracks is going to tackle various other features, like streaming, for profit p2p quality playlist creation, a music centric social media aspect, etc.
All bringing traffic and volume to the network that is the Bitshares Music blockchain.

[speedy]

According to http://peertracks.com/faq.html artistcoins can be bought using BitUSD.

BitUSD is on a different blockchain than Bitshares Music, so can someone explain the link between them? Do I open my BTSX wallet and send BitUSD to peertracks, and then it credits me with snoop dog coins?

Also, is peertracks.com basically an easy to use frontend to Bitshares Music, so that users dont need to download the wallet or know anything about crypto?