Quote from: MJK on July 07, 2015, 04:14:05 pm

Quote from: lil_jay890 on July 07, 2015, 03:48:30 pm

When you sell your bitGOLD you will get 1 ounce of gold in the value of bitshares.

So lets say you bought bitGOLD for $1200 while bts was valued at $.024, this costs 50,000 bitshares.

Now you sell your bitGOLD for $1140 today while bts is valued at $.006 today, you receive 190,000 bitshares.

You just made a great trade and nearly quadrupled the amount of bitshares you had.

I see, so as long as the bitshares network remains viable i would always have bts available to cash out my position. Thank you for the clarification.

I must confess, I like your video KenCode. As someone who is not a trader I would like to understand the how to interpret these bitshares screens, but i love the idea of being able to save in different currencies and commodities.

I see people saying that there is no counter party risk, is that really true?

saying there's no counterparty risk may be too optimistic, it's just reduced with the collateral requirements. think worst case scenario where the entire BTS network takes a dive and the party short to your long forfeits collateral. sure, you get the collateral at the instantaneous liquidation price, but your ability to turn that BTS into whatever exit currency you want could be severely limited and you may be liquidating your own position at a big disadvantage. i guess that's pushing into the realm of systemic risk, but risk is risk...parsing by terminology could be misleading.