1
General Discussion / Re: basecoin vs bitUSD as a price stable cryptocurrency
« on: October 14, 2017, 01:39:17 am »
it's nonsense that uses ideas worse than nubits
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
Bailing out margin calls with reserve funds is like bailing out banks with taxpayer's money.
Nobody complained about bitassets while BTS was going up. AFAIK nobody sent the profits from going short to the reserve pool.
If a black swan damages the reputation of BTS, then the solution is not to spend money on preventing black swans. The solution is to educate traders about the risks involved with bitassets.
The absolute dependence of centralized suppliers for the acquisition of currencies is the biggest problem of the crypto ecosystem. From time to time news like these shout that the king is naked. What percentage of bts trade depends on the next Chinese ban?
http://www.zerohedge.com/news/2017-09-08/bitcoin-crashes-massive-volume-china-plans-shut-local-exchanges
Yes, Atomic Swaps would allow to transfer BTC to Bitshares DEX bitBTC without third party UIAs. It would be great progress, but there is still the problem on the FIAT side. My proposal is to use gateways but with P2P exchanges, not with third parties.
IOTA is a new currency without mining that uses a kind of graph, called Tangle, without blockchain. It is taking a considerable volume and is practically no more negotiated than in Bitfinex. Would it be a good idea to create OPEN.IOTA and bitIOTA to take advantage of that volume in the DEX?