Quote from: CoinHoarder on September 02, 2014, 12:25:32 AM
It is safer than trading on an exchange if you are trading just for the sake of trading. If you are trading to spend them then that is another story, but I have a feeling the bitasset infrastructure will fall into place to allow people to do that.

This is the primary reason I'll be using it. If we learned anything from Mt. Gox. Now exchanges seem to be a lot more transparent however they are still easy targets for regulators regardless of their good intentions. With BitSharesX all your money stays either in your wallet or on the blockchain when being stored as collateral. You don't have to trust a third party to keep your money safe until you withdraw.


This isn't to paint the exchanges with a bad brush but they are a big target for a hacker; much more so than an individual wallet with trades protected by TITAN so only the person looking at the screen has any idea how much money is in it.

Quote from: MeTHoDx on September 02, 2014, 12:15:13 AM
What are the reasons someone would buy/short BitBTC as opposed to buying/shorting the real thing?

Because could do so without going through a trusted third party (an exchange), where you are instead exchanging btsxIOUs for xbtIOUs, and your funds could theoretically be seized, stolen, or held until you comply with some sort of kyc (know your customer) procedure.

It is safer than trading on an exchange if you are trading just for the sake of trading. If you are trading to spend them then that is another story, but I have a feeling the bitasset infrastructure will fall into place to allow people to do that.

What are the reasons someone would buy/short BitBTC as opposed to buying/shorting the real thing?

Quote from: eagleeye on September 01, 2014, 08:14:25 PM
Great job Sir, CoinHoarder .  Are you a developer/engineer for bitsharesx?

No, just a "fan boy." hahaha  ;D

Quote from: onceuponatime on September 01, 2014, 05:06:39 AM

Quote from: CoinHoarder on September 01, 2014, 05:03:49 AM

Quote from: onceuponatime on September 01, 2014, 04:57:52 AM
OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

You will be read about in little kids' history classes in 20 years.  8)

Not at my age, I won't  ;D

cryogenics my friend.  Welcome to the 21st century :)

Quote from: CoinHoarder on September 01, 2014, 04:47:50 AM

Great job Sir, CoinHoarder .  Are you a developer/engineer for bitsharesx?

Quote from: CoinHoarder on September 01, 2014, 05:03:49 AM

Quote from: onceuponatime on September 01, 2014, 04:57:52 AM
OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

You will be read about in little kids' history classes in 20 years.  8)

Not at my age, I won't  ;D

Quote from: onceuponatime on September 01, 2014, 04:57:52 AM
OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

You will be read about in little kids' history classes in 20 years.  8)

OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00