BitShares Forum
Main => General Discussion => Topic started by: BldSwtTrs on May 05, 2014, 08:20:45 pm
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There is an interesting Reddit post about Circle, a well founded start-up who looks like it will be a very serious player in the future crypto landscape: http://www.reddit.com/r/Bitcoin/comments/24s2yz/circle_offers_more_product_clues_at_the_mit/
This is relevant to Bitshares X because there are clues about their future services, rather mysterious until now. And it appears they will provide, beside easy buying and secure storage, a stability of price thanks to some sort of "dollar-denominated bitcoins".
Now I doubt they plan to make that by using directly BitUSD (their customers will want to own $-BTC, not $-BTS), but they will definitely need to use something like BitAssets in order to hedge themselves against volatility.
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There is an interesting Reddit post about Circle, a well founded start-up who looks like it will be a very serious player in the future crypto landscape: http://www.reddit.com/r/Bitcoin/comments/24s2yz/circle_offers_more_product_clues_at_the_mit/
This is relevant to Bitshares X because there are clues about their future services, rather mysterious until now. And it appears they will provide, beside easy buying and secure storage, a stability of price thanks to some sort of "dollar-denominated bitcoins".
Now I doubt they plan to make that by using directly BitUSD (their customers will want to own $-BTC, not $-BTS), but they will definitely need to use something like BitAssets in order to hedge themselves against volatility.
Possibly but I don't see why they'd go with that when they can just use the trusted data feed model. It would surprise me if they go with the hedging model but if they do it's probably going to be something like Colored Coin.
I don't see them focusing beyond Bitcoin. I guess we will find out what they do though. Neo Bee intended to do something similar.