BitShares Forum

Main => General Discussion => Topic started by: JonnyB on February 04, 2016, 01:45:35 pm

Title: Using prediction markets to hedge BITUSD against your local currency
Post by: JonnyB on February 04, 2016, 01:45:35 pm

In previous threads about liquidity I said maybe we should focus on BitUSD and forget about the other smartcoins for the time being.
The reasoning behind this is to focus and concentrate the liquidity and market depth in one place.

Now imagine we had prediction markets for movement of your local currency against the USD.
Everyone would be able to hold BitUSD with a CFD for their local currency meaning they can save and store value in their local currency yet everyone will be trading BitUSD.

Just an Idea.