BitShares Forum

Main => General Discussion => Topic started by: ocelot357 on August 29, 2014, 06:13:37 am

Title: BitUSD and BTSX questions
Post by: ocelot357 on August 29, 2014, 06:13:37 am

Still learning as much as I can about Bitshares X and the crypto community as a whole, so I have a few questions:

-How exactly is BitUSD and BTSX related?
-Can someone explain the market peg situation with BitUSD?
-Is there any particular synergistic advantage to owning both BitUSD with BTSX?

I'm a noob with the cryptocurrencies, but experienced enough to understand the implications of Bitassets. I hope it blows up like we all predict!

Title: Re: BitUSD and BTSX questions
Post by: speedy on August 29, 2014, 06:25:24 am

-BitUSD is an asset on the BTSX blockchain, created using BTSX as collateral.
-The situation is that the wallet is going through some teething issues, and volumes are small therefore its hard to create BitUSD right now.
-You hold BitUSD when you want stability, you hold BTSX when are bullish on the shares.

Title: Re: BitUSD and BTSX questions
Post by: ocelot357 on August 30, 2014, 03:54:12 am

Thanks for the info, very helpful