There is no inflation in bitcoin if you know the total number that will be created. That is not inflation. Inflation by definition is infinite.
I see, so its not market pegged but trading token named as Apple with other people, basically free market? That is not same as market pegged, you depend of orders of other people rather then of market price of Apple.
Thnx for clarification.
No inflation by definition isn't infinite. If there is 10%+ inflation in Bitcoin per year, it means demand has to at least offset that to cover the inflation. No it's not like a token, anybody can issue an Apple asset on NXT or something but it won't track the price, it has no value. BitAssets track by consensus and use collateral to back up the position. If you don't believe the peg will hold don't buy BTSX, the buying pressure now is because people have seen the dry runs and are confident in the mechanism when it is released soon. (As I said I'm not expert I just understand how big they are if they work, I suggest you go to the forum to learn more.) Yes, inflation by definition is infinite. If you say I will pay you 10k in 10 years by 1k a year that is not inflation. Ah, so it will really be pegged to market price? Basically, I can buy 100k Apple stock and if it reaches 200k and I sell it I will really get 200k from bitsharesx? Or will I have to find buyer on network willing to buy it from me? Well, if you understand how big they are then you understand them. I dont care about buying pressure, I was just interested if what they say on web site that you can move money from one bank account to another is true as I would use alternatives to Ripple for sending money if they are on more exchanges. But that is not possible unfortunately. No if Bitcoin stopped mining today there would be no inflation. The coins that are created inflate the current supply. Yes you will get 200k if the peg holds, watch the video. https://www.youtube.com/watch?v=5BV55IrZi7g I did watch video. So what happens with collateral if price of bitsharex falls for example 50%? |
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This thing is pretty much NXT's asset exchange with a few extra added ribbons to it. I can create my own asset on Bitshares call "BitUsd", sell a million of that for... $1 million real USD and profit.  utopianfuture plz educate urself on bitshares first b4 posting bullshit like this  all the resources r there to read man :/ how can u even compare this with nxts asset exchange? LOL u must be trying to make a good clownz joke here ~CfA~ I am glad CfA found one crypto he likes I thought you were only into renmimbi.....glad to see you turn around Have fun! |
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There is no inflation in bitcoin if you know the total number that will be created. That is not inflation. Inflation by definition is infinite.
I see, so its not market pegged but trading token named as Apple with other people, basically free market? That is not same as market pegged, you depend of orders of other people rather then of market price of Apple.
Thnx for clarification.
No inflation by definition isn't infinite. If there is 10%+ inflation in Bitcoin per year, it means demand has to at least offset that to cover the inflation. No it's not like a token, anybody can issue an Apple asset on NXT or something but it won't track the price, it has no value. BitAssets track by consensus and use collateral to back up the position. If you don't believe the peg will hold don't buy BTSX, the buying pressure now is because people have seen the dry runs and are confident in the mechanism when it is released soon. (As I said I'm not expert I just understand how big they are if they work, I suggest you go to the forum to learn more.) Yes, inflation by definition is infinite. If you say I will pay you 10k in 10 years by 1k a year that is not inflation. Ah, so it will really be pegged to market price? Basically, I can buy 100k Apple stock and if it reaches 200k and I sell it I will really get 200k from bitsharesx? Or will I have to find buyer on network willing to buy it from me? Well, if you understand how big they are then you understand them. I dont care about buying pressure, I was just interested if what they say on web site that you can move money from one bank account to another is true as I would use alternatives to Ripple for sending money if they are on more exchanges. But that is not possible unfortunately. |
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I see, so its calling a crypto currency a bank.
Also, that table is quite inaccurate. Ripple transaction time is 5 seconds and it was first that allows users created assets. There is also no 10% inflation via mining in bitcoin.
How will market pegged assets work? For example, I buy 10k USD worth of Apple stock, if it goes 100% up I cashout 20k. Did someone actually buy and sold those stocks or it is just like play money that brokers offer you for practice? If its like play money who pays the profit of 10k USD?
1. Yes it was kind of because it offers more services than a crypto-currency. 2. I didn't know Ripple was 5 seconds. 3. Yes there is greater than 10% inflation via Bitcoin in mining. 4. Someone who thinks Apple will go down will short Apple and then you buy and the trade is matched and the asset is created. The short posts collateral as do new people when they make trades. So whenever you want to sell your position is covered. I can't explain it that well, go see the forums. This video may help https://www.youtube.com/watch?v=5BV55IrZi7gThere is no inflation in bitcoin if you know the total number that will be created. That is not inflation. Inflation by definition is infinite. I see, so its not market pegged but trading token named as Apple with other people, basically free market? That is not same as market pegged, you depend of orders of other people rather then of market price of Apple. Thnx for clarification. |
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I see, so its calling a crypto currency a bank.
Also, that table is quite inaccurate. Ripple transaction time is 5 seconds and it was first that allows users created assets. There is also no 10% inflation via mining in bitcoin.
Ripple require trust for gateways to operate, bitassets do not require trust as the price is determined transparently on a decentralized block chain via a free market. In Bitshares, consensus is determined by people going short or long on an asset, and collateral is held to make sure the proper value is retained as determined by the market. In Ripple, price is determined by trusting the gateway they are holding the correct amount of collateral. Also Ripple was 50% premined by a small corporation making the people within the company rich overnight... Meh. I think Stellar has a better distribution if you like the Ripple model, but I don't like that model because it requires users to trust the gateways that they aren't trading funny money. BitshareSX bitassets solves this problem. Ripple was 100% premined not 50%. BitshareX was also 100% premine. In Ripple price is determined by market not by trust Also, what do you call funny money? Gold backed by GBI (one of largest gold trader in world) is to you funny money but asset backed by asset itself (by bitsharex to be precise) is not funny money? If you want to trade real assets you have to trust someone. Only in case where you are not trading anything there is no trust. So if you want to trade USD for any crypto you have to trust that those USD are actually in bank account. As I understood, in BitSharesX you are not trading any real money or real assets. That would for me be definition of funny money. Anyway, this is not about Ripple, its about BitSharesX. So can you please tell me how do market peg assets work? |
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I see, so its calling a crypto currency a bank.
Also, that table is quite inaccurate. Ripple transaction time is 5 seconds and it was first that allows users created assets. There is also no 10% inflation via mining in bitcoin.
How will market pegged assets work? For example, I buy 10k USD worth of Apple stock, if it goes 100% up I cashout 20k. Did someone actually buy and sold those stocks or it is just like play money that brokers offer you for practice? If its like play money who pays the profit of 10k USD?
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Hello, I found following on bitshare blog, can someone please explain to me how you can send money from 1 bank to another using it? thank you instant How long would it take you to transfer funds from your bank to another, anywhere in the world? If the answer isn’t instantly, it’s time you looked at BitShares Banking. http://bitshares.org/industries/banking/ |
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Market needs a lot more coins, why stiffle innovation?
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Care to elaborate how is China biggest creditor of USA then? By your reasoning biggest creditor would be USA of its own debt......please think before you post such things.
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You do realize that someone is buying those bonds? Its people with money that buy them. Same as with banks. People with money deposit and banks loans them to those that need it.
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Basically you didnt look at banks balance sheet even once.
You also do not understand debt at all.
Nor do you understand what is ahead of crypto if it wants to be money.
Also, thinking crypto is not controlled by government tells me you dont know anything about life. (just think what happens if they ban it.....no more place to use it, no more place to exchange it to fiat.....no more crypto, so its more government controlled then anything)
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Did you ever look at balance sheet of a bank? They do not create debt.
Banks are not at top of anything. They use the money we give them for interest to us, and give it to people for interest to them.
Do you understand that debt is created because we like to spend today what we dont have? Should I live in my parents house until I save enough for my own house by the age of 60?
Only valid form you say is that it could be safe haven as it has nothing to do with debt of governments. But being completely market oriented makes it very bad store of value as you cannot make any intelligent decisions based on people screaming to da moon. There are a lot better safe heavens like gold for example.
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You people dont like Dogs?
Maybe they should make Koala coin, do you like Koalas?
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She is pretty I just bought some wankcoins so will put them to use  |
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I dont see naked women there, you tricked me, you should start a scam coin |
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They should add section with naked women and gossip. I would be much more interested into reading that
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What will you do with money from auction of stakes?
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You seem to say a lot of things you dont understand so I will not even try to guess your IQ.
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Why would government need to understand crypto? what good does it bring to people?
And what do banks have to do with cryptos? There is already tons of money transfering companies in the world and banks are not closing them down.
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Then a nation built upon those with treaties. Civilization would resemble more of what it looked like in the past without the top down tyrannical central government.
Since places like China and Japan are already mostly homogeneous, there wouldn't be much difference there, but places like the US would see huge changes.
That right there, is why we will/should Never have a world dominated by crypto-currencies. China's government doesn't care about it's people at all(communist), since 90% of All people in China make less than 1 U.S dollar per day, and with it's military having killed innocent civilians etc etc. Dont worry it wont happen. |
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