Hey fuzzy, here are the results of your tips...

• MarketingMonk: has been credited 1 FISTBUMP
• yvv: has been credited 1 FISTBUMP
• lil_jay890: has been credited 1 FISTBUMP
• xeroc: has been credited 1 FISTBUMP
• karnal: has been credited 1 FISTBUMP

Fistbumps for people who just seem to like helping new community members understand...and community members who are not afraid to ask.  Hell yeh.  Hell yeh.   8)

#sharebits "MarketingMonk" 1 FISTBUMP
#sharebits "yvv" 1 FISTBUMP
#sharebits "lil_jay890" 1 FISTBUMP
#sharebits "xeroc" 1 FISTBUMP   
#sharebits "karnal" 1 FISTBUMP

Thanks for the clarification fellas.

We should reinitiate the discussion about how to run the NASDAQ, SHANGHAI , NIKKEI etc .. indeces ..

Quote from: xeroc on December 01, 2015, 10:34:54 AM
We could create a new market pegged asset that tracks the SDR (Special Drawing Rights) ... @Rune is doing this with his dai on ethereum and I like the idea of tracking a basket of several currencies (btw .. CNY just recently became part of this basket)

Vaguely related, but any updates on bitNASDAQ, bitNYSE, bitSP500 etc?

10/10 would invest in bitUSD:SP500

We could create a new market pegged asset that tracks the SDR (Special Drawing Rights) ... @Rune is doing this with his dai on ethereum and I like the idea of tracking a basket of several currencies (btw .. CNY just recently became part of this basket)

bitGold and bitSilver are much more risky investments right now than bitUSD, since liquidity is tiny.

Quote from: MarketingMonk on November 30, 2015, 11:08:55 PM
If a bitUSD always equals 1 USD, what happens when the purchasing power of the 1 USD declines?

What if inflation stays around 2% per year?
What happens if the USD experiences hyperinflation?

Don't dollar pegged assets like bitUSD automatically inherit these problems?

Yep they do since they will always be closely correlated to the underlying asset (USD).

If hyperinflation hits, your bts will be worth many more bitusd hence worth many more dollars.  That's trading and the beauty of bitassets.

If your afraid of losing value during hyperinflation but also don't want to be exposed to bts but still want a decentralized investment, buy bitgold or bitsilver.

Market pegged assets are supposed to follow the index of underlying asset regardless if it goes up or down. It is their essential property.

If a bitUSD always equals 1 USD, what happens when the purchasing power of the 1 USD declines?

What if inflation stays around 2% per year?
What happens if the USD experiences hyperinflation?

Don't dollar pegged assets like bitUSD automatically inherit these problems?