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Technical Support / Re: What are the difference(s) between "normal" assets and user assets?
« on: February 25, 2015, 08:36:44 pm »
Most interesting! Thanks a bunch, it finally makes sense to me!
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It.. looks like a women's clothing storeHa, gentso1 said that was just place holder until the dev puts the actual content in place. The idea is to be able to off ramp with bitSilver by having physical silver drop shipped in exchange for it.
Normal is about as vague as you can get But I am sure you read that "normal" somewhere...
There are three types of tokens:
1) BTS (native currency limited in supply; like bitcoins in Bitcoin)
2) User issued assets https://www.youtube.com/watch?v=yzruOULgmng. Also known as colored coins in the wider cypto world. There is a centralized issuer that promises to guarantee the value of the user issued asset. Anyone can create a user issued asset for a little fee.
3) Bitassets = market pegged assets. http://bytemaster.bitshares.org/article/2014/12/18/What-are-BitShares-Market-Pegged-Assets/ Those have no centralized issuer. The have the form Bitxxxx.
Warning: Get out of Doge if youre in it, imo. BTS is very cheap rightnow and DOGE looks dangerous to me. The previous moving average crossover didnt result in anything and now they crossed again to the downside.
Atm bitassets are mostly used for hedging and since the USD to EUR exchange rate is relatively stable (in crypto terms) traders will just go to whatever fiat biasset has the most liquidity.
Warning: Get out of Doge if youre in it, imo. BTS is very cheap rightnow and DOGE looks dangerous to me. The previous moving average crossover didnt result in anything and now they crossed again to the downside.