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General Discussion / Re: List of Priorities for Worker Proposals:
« on: July 14, 2015, 02:58:54 am »
We will need something to manage the organization of the paid workers, it's complicated to organize. But it's a good idea.
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The point of a bitasset is to reduce counterparty risk. Using a UIA as collateral for a bitasset makes no sense.Excelent answer, I think like you.
When an asset is backed by the networks native currency I'm concerned that volatility might erode the value of the collateral, although this I can see in real time and should have ample time to get out if need be. When the asset is backed by a central issuer as with Mt. Gox, I'm concerned that the collateral might not be there at all. I'll pick the lesser of the two evils unless I'm absolutely sure that the issuer is trustworthy or will be bailed out by the government.
If you are going to back a bitasset with a UIA you might as well have the same issuer another UIA for the same underlying asset as the proposed bitasset.
Looks like we're not the only ones working on DDNS:There are a lot of people working on DDNS, I know a couple.
http://what3words.com/examples/