BitShares Forum

Main => General Discussion => Topic started by: toast on March 02, 2014, 06:02:37 pm

Title: more naming issues
Post by: toast on March 02, 2014, 06:02:37 pm
We need to make it clear that "BitUSD" only exists on a *specific* BTS X chain, so I propose start saying things like "XT-USD" for when we also have "XC-USD" or "XI-USD". Like "XC-USD has a larger margin requirement but doesn't pay interest".
Title: Re: more naming issues
Post by: bytemaster on March 02, 2014, 06:28:59 pm
We need to make it clear that "BitUSD" only exists on a *specific* BTS X chain, so I propose start saying things like "XT-USD" for when we also have "XC-USD" or "XI-USD". Like "XC-USD has a larger margin requirement but doesn't pay interest".

I agree...as BitUSD is a derivative on a particular chain then the way we should specify it is as:

XTS-USD, XIS-USD, XCS-USD, etc.

Title: Re: more naming issues
Post by: cike on March 06, 2014, 02:14:43 am
Is it so complicated!
Title: Re: more naming issues
Post by: speedy on March 06, 2014, 02:34:06 am
Is it so complicated!

I agree.

The name "BitUSD" is like a brandname - it is instantly meaningful as a crypto with a stable pegged value. I think its important not to dilute that.

Also, I have been thinking about what Dan said about launching new chain versions. He said that when a new Bitshares X version's chain is launched, all share holders will be copied over into the genesis block of the new chain, but all BitAssets will not. That means there would be a race to sell your assets for shares, leading to the peg probably breaking down.
Title: Re: more naming issues
Post by: Stan on March 06, 2014, 02:34:47 am
Is it so complicated!

Yes, just like the whole marvelous universe is complicated.

You should not compare this community to other individual alt coins.
That would be like comparing Pluto to the Milky Way.

 :)
Title: Re: more naming issues
Post by: muse-umum on March 06, 2014, 06:35:56 am
Is it so complicated!

Yes, just like the whole marvelous universe is complicated.

You should not compare this community to other individual alt coins.
That would be like comparing Pluto to the Milky Way.

 :)

rather difficult to name them in Chinese. ::) ::) ::)
Title: Re: more naming issues
Post by: betax on March 06, 2014, 06:50:01 am
whilts changing the names might be more complicated. I agree that we need to have a very good explanation that assets are only specific to that chain. Different forks are going to appear that will track similar assets, so we need to ensure that people understand that BitShares XT only gives you BitShares on that chain and can only bet on assets on that chain.

Title: Re: more naming issues
Post by: toast on March 06, 2014, 03:59:31 pm
Hierarchal naming scheme?

BTS/XT
BTS/XT:USD
BTS/XC:USD
BTS/DNS
BTS/DNS:USD
Title: Re: more naming issues
Post by: betax on March 06, 2014, 04:07:31 pm
Hierarchal naming scheme?

BTS/XT
BTS/XT:USD
BTS/XC:USD
BTS/DNS
BTS/DNS:USD

I like that  +5%
Title: Re: more naming issues
Post by: yellowecho on March 06, 2014, 07:12:48 pm
Hierarchal naming scheme?

BTS/XT
BTS/XT:USD
BTS/XC:USD
BTS/DNS
BTS/DNS:USD
+5%