The fact that everyone is obsessed with bitUSD signifies to me that bit only do the majority of you not even believe in the core concept of Cryptocurrencies, but in addition, you are also becoming too greedy to ever make this succeed.
Face it, you are all really just trying to figure out how many dollars you can sell your bitshares for. Frankly, anyone doing so has missed the point entirely, and the more I see speculation about it, the less and less confidence I have in this whole system.
The dollar price of a bitshare should be enough for you. You shouldn't have to worry about bitUSD.
The viability of crypto currencies is contingent upon their evolution. No currency is viable if its value cannot remain stable. It doesnt matter what you think it is relatively more secure or serves as a better medium of exchange. A currency must maintain its usefulness as a store of value, otherwise it is not a valid currency. If you think people are obsessed with bitUSD you missed the point. Bitshares isnt simply a PoS coin that takes out the need for mining, it is a bank with 200% reserves that gaurantees that any bitUSD or any bitAsset retains the value (or highly correlated value) of the real world asset from which it is derived. The notion of bitUSD or any other asset allows for price stability in the network even as the underlying currency of the network may be subject to volatility. The whole point of the experiment is bitUSD. If the price of bitUSD to bitshares does not reflect the price of real USD to bitshares, then bitshares is worthless.
I'm curious as to what you think is the core concept of cryptocurrencies.
The core concept of cryptocurrencies is that they are intended to not only replace standard fiat currency, but completely debase the central root of power for all central banks around the world. You are all so quick to forget that cryptocurrencies are a serious, viable threat to the MOST powerful entities in the world, which are central banks.
It is for this same reason that all these central banks are trying so hard to ban it. But they are slow and cold blooded, and time and time again are failing to realize that it cannot be banned without shutting the internet off. However, their control over currency is their root of power.
The majority of you seem to be forgetting that bitcoin's essentially arose out of and was proliferated by anarchist communities and the criminal underworld, and that any coins that promise anonymity like the old days continue to flourish and receive support for good reason.
The whole point of BTS X is the BitAssets. Without BitAssets, BTS X is just another shitcoin and we'd all be wasting our time here.
Obviously this is true, but what I'm saying is that BitFiatAnything should not be the one everyone is focused so hard on. Frankly, I'm not even going to purchase or make a move on a single bitUSD, because I'm more interested in any companies that may list themselves here.
You may also be forgetting that this will give many companies the opportunity to be listed publicly where they otherwise could not be.
Topic: BitAsset Predictions & Speculation (Read 11647 times)
