read the paper!
Kind of long, but you will learn stuff that will serve you for life!
OK I read the paper. It makes some sense. I think many people over estimate the importance of a perfectly stable currency, compared to, say USD, which is slightly but predictably inflationary. I don't think perfect stability will change very much. (Indeed, as I'm sure you are aware, there are many economist who believe that mild but predictable inflation leads to better economic growth because it counteracts wage rigidity.) But compared to the currencies of failed states, or to Bitcoin, either USD stability or perfect stability would be a huge improvement in some respects. On the other hand, I think much of Bitcoin's appeal is the possibility of making huge returns. I think that is why a lot of people are invested in it, and why it is hovering around $400 instead of something that reflects its current transactional utility (i.e. something much much less, perhaps a couple dollars).
At any rate reading the paper did help me understand the vision of Bitshares X a little better. If Bitshares BitAssets system stands the test of time it will give you the best of both worlds. You can peg your money to USD or a commodity basket, or you can go on the wild ride and keep it as BTSX. Personally, I don't see any reason to be an early adopter, and take all the risk of catastrophic system failure that that entails, if you are just going to peg your money to USD. Might as well hold onto real USD in that case. But down the road, if the system has shown itself to be robust, that will be a great feature.
And it makes Bitshares X the first cryptocurrency system that I know of that allows you to instantly send "USD" through a meaningfully decentralized network ("meaningfully decentralized" is meant to exclude the likes of Ripple). That seems like a pretty big deal.
Are there plans to make a BitBasket that will be pegged to the basket of commodities used to calculate the CPI?