BitShares Forum
Main => General Discussion => Topic started by: bytemaster on March 31, 2014, 04:52:19 pm
-
A crypto-equity is a more accurate description of what a crypto-currency is. Bitcoin is first and foremost a crypto-equity, when it is used as a medium of exchange, it becomes a crypto-currency. In the same ways shares in Apple (AAPL) are first and foremost an equity, but if they became bearer shares and started circulating in barter transactions they could become a currency as well.
I was working on the latest FAQ page to help add some clarity and thought this particular answer was worth reposting here...
http://107.170.30.182/faq/
Please let me know if you have additional FAQ items... I will be migrating FAQ items from the current bitshares.org site as I review them for accuracy and clarity.
-
A crypto-equity is a more accurate description of what a crypto-currency is. Bitcoin is first and foremost a crypto-equity, when it is used as a medium of exchange, it becomes a crypto-currency. In the same ways shares in Apple (AAPL) are first and foremost an equity, but if they became bearer shares and started circulating in barter transactions they could become a currency as well.
I was working on the latest FAQ page to help add some clarity and thought this particular answer was worth reposting here...
http://107.170.30.182/faq/
Please let me know if you have additional FAQ items... I will be migrating FAQ items from the current bitshares.org site as I review them for accuracy and clarity.
In contrasct to APPL and USD and Gold etc. Bitcoin's value as a crypto equity solely comes from it's use a a currency / medium of exchange.
-
Bitcoins are non-voting shares. All of the voting power is in the hands of the miners, who might or might not hold bitcoins.
As for using Bitcoin shares as media of exchange, Richard Rahn predicted this in 1999 in The End of Money (http://www.abebooks.com/servlet/SearchResults?an=Rahn&sts=t&tn=End+of+Money).
-
A crypto-equity is a more accurate description of what a crypto-currency is. Bitcoin is first and foremost a crypto-equity, when it is used as a medium of exchange, it becomes a crypto-currency. In the same ways shares in Apple (AAPL) are first and foremost an equity, but if they became bearer shares and started circulating in barter transactions they could become a currency as well.
I was working on the latest FAQ page to help add some clarity and thought this particular answer was worth reposting here...
http://107.170.30.182/faq/
Please let me know if you have additional FAQ items... I will be migrating FAQ items from the current bitshares.org site as I review them for accuracy and clarity.
Agree completely with the language of cryptoequity
-
http://107.170.30.182/faq/
And holy content creation batman!! I've got some homework tonight to read through... Just a few clicks through the "companies" section and I'm pleasantly surprised. And videos too!!
-
Was wondering how the percentage was going to be shown in the wallet.
The BIP seems to be a good solution.
But when you would like to transfer to an exchange are you sending BIP's or shares?
In other words, would this force a centralized exchange to trade in BIP's?
-
Yes exchanges will trade in bips because they are the unit of account.
Sent from my iPhone using Tapatalk (http://tapatalk.com/m?id=1)