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General Discussion / Re: Introduction to BitShares - Video
« on: December 12, 2013, 03:22:45 am »
If I have MtGoxUSD then MtGox will allow me to withdraw it into my bank account into BankUSD. MtGox basically guarantees this and this is why MtGoxUSD is "valuable".
If I have BitUSD who will allow me to withdraw BitUSD into BankUSD? Is this a service that needs to be built? Or is BitUSD only backed by BitShares? It seems like if I own BitUSD no one will convert it directly to BankUSD without first converting it to BitShares.
Since I can convert MtGoxUSD into BankUSD easier than converting BitUSD to BankUSD, it seems like MtGoxUSD is more valuable than BitUSD. Your thoughts?
If I have BitUSD who will allow me to withdraw BitUSD into BankUSD? Is this a service that needs to be built? Or is BitUSD only backed by BitShares? It seems like if I own BitUSD no one will convert it directly to BankUSD without first converting it to BitShares.
Since I can convert MtGoxUSD into BankUSD easier than converting BitUSD to BankUSD, it seems like MtGoxUSD is more valuable than BitUSD. Your thoughts?