To all those of you have large amounts of BTS on Bter, you get what you deserve. You could have been trading BTS:BitBTC on our own system.
hardly, cryptohedge was/is performing a valuable service enforcing the peg on exchanges.
Also true .. sucks .. maybe @Rune can tell us how much btc may be lost
word, this sucks, which is why we need to expand our selection of bitAssets to include everything on coinmarketcap100 (because that's what all the crypto traders are trading) before we create feeds for BitSteel, BitCorn, and BitPalladium (where it's difficult to have an accurate 24hr feed). Wouldn't it be easier to make BitDODE because it trades 24/7?
To have market pegged assets in the current way for anything there has to be enough demand for the peg to work and with altcoins there almost definitely isn't enough, and it harms them by taking demand away for the original coin.
My non-technical self wonders if that could be done by burning the original coin to get a bitWhatever version of it, which could be traded against anything on bitshares.
e.g. someone sends 1LTC to a burn address and recieves bitLTC in return which can then trade against anything on BitShares. Is that useful? You can't do that for bitUSD because you can't provably burn USD but with crypto's you can. It could be a stupid idea... thought I'd say it anyway.