Author Topic: Bitcash - CASH.USD reimbursement - Bitcash switching to bitUSD  (Read 1628 times)

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Offline merivercap

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Hey guys,
For those that don't know I was planning to run an experiment with a Smartcoin called CASH.USD to see if we could improve the design of bitUSD.  Unfortunately due to my lack of monitoring and no trading activity, there was a black swan on CASH.USD.   Luckily we only had about $250 created and half of it was owned by our accounts.   Although I'd like to have pursued the new design to see how well it worked, this was probably a sign that it is better for Bitcash to use bitUSD instead. bitUSD has close to a $4 million supply and good liquidity.  For anyone that holds CASH.USD, we'll reimburse everyone an equivalent amount of bitUSD since the global settlement feature after a black swan still does not work.   Thanks to all the witnesses that provided a pricefeed for CASH.USD!  Good news is that we'll be able to create more activity with bitUSD and help make it more liquid!  Hopefully we can continue to improve its design.  Let me know if you have any questions.  Onwards!
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