It can be called USD in the interface. It's already documented as BitUSD in the source code.
It's obviously not real USD so it isn't going to have any legal problems.

think also we should call it bitUSD

Quote from: Empirical1 on August 20, 2014, 04:17:23 PM

Quote from: Riverhead on August 20, 2014, 04:14:49 PM
This isn't done on other exchanges. When buying/selling BTC, LTC, BTSX, etc. on BTER or other exchanges you aren't actually trading those coins. You're trading bterBTC, bterLTC, etc. Nothing hits the blockchain until you withdraw. I feel USD falls under the logic.

I'm more worried about using the letters USD from a legal standpoint.

Edit: As in I'm happy creating BitUSD is fine, I'm not so sure about creating 'USD'

I see your point. We don't want to be seen as "minting" green backs and getting in hot water with the CIA.

Quote from: Riverhead on August 20, 2014, 04:14:49 PM
This isn't done on other exchanges. When buying/selling BTC, LTC, BTSX, etc. on BTER or other exchanges you aren't actually trading those coins. You're trading bterBTC, bterLTC, etc. Nothing hits the blockchain until you withdraw. I feel USD falls under the logic.

I'm more worried about using the letters USD from a legal standpoint.

Edit: As in I'm happy creating BitUSD is fine, I'm not so sure about creating 'USD'

This isn't done on other exchanges. When buying/selling BTC, LTC, BTSX, etc. on BTER or other exchanges you aren't actually trading those coins. You're trading bterBTC, bterLTC, etc. Nothing hits the blockchain until you withdraw. I feel USD falls under the logic.

Quote from: toast on August 20, 2014, 03:41:38 PM

Quote from: Empirical1 on August 20, 2014, 03:39:32 PM
Looks cool.

My concern is whether using the direct abbreviation USD is OK?

I agree, it needs to say BitUSD with a link to in-depth explanation

I was expecting a 'Bit'/'b' included somehow as you're suggesting.

I do like sschechter's idea of at least a  symbol though to differentiate BitUSD from USD.

Quote from: Empirical1 on August 20, 2014, 03:39:32 PM
Looks cool.

My concern is whether using the direct abbreviation USD is OK?

I think bitAssets need a symbol to delineate them as such. ∫USD ΩUSD µUSD?

Quote from: Empirical1 on August 20, 2014, 03:39:32 PM
Looks cool.

My concern is whether using the direct abbreviation USD is OK?

I agree, it needs to say BitUSD with a link to in-depth explanation

Looks cool.

My concern is whether using the direct abbreviation USD is OK?

Its the bitPTS .. market pegged to the real PTS ... PTS is still on a different chain

It is. Just not active, the last time I checked.

it's live?!

is this bitUSD or is this something else altogether?



also, I can buy PTS on that market, then send it to a seperate PTS wallet?

did the client just become a PTS wallet?

edit: realized that's probably bitPTS.