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Kergekoin (OP)
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September 11, 2014, 02:17:28 PM |
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A very low inflationary PoS crypto-currency which is entirely backed with Investment account and tied to FIAT money.
A coin which is sold and bought on demand and supply, - and acts like a share of the portfolio.
Is there any of those out there yet?
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tex99
Member
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Activity: 78
Merit: 10
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September 11, 2014, 02:29:22 PM |
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Willisius
Sr. Member
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I'm really quite sane!
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September 11, 2014, 07:20:46 PM |
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Well that defeats the entire purpose of cryptocurrency.
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megashira1
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September 11, 2014, 07:47:14 PM |
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Take a look at BTSX and BITusd. The closest thing to fiat money on a blockchain.
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tex99
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September 11, 2014, 08:15:56 PM |
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Are they Pos?
I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.
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robrigo
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September 11, 2014, 08:23:11 PM |
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Are they Pos?
I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.
All DACs based on the BitShares toolkit are secured by DPOS: http://wiki.bitshares.org/index.php/DPOSDPOS whitepaper: http://v3.bitshares.org/security/delegated-proof-of-stake.phpBitSharesX is a decentralized bank and exchange DAC; recently the BitsharesX market launched, which is the first decentralized exchange to implement market assets that are pegged to the value of real world commodities such as the USD, GLD, SLV, etc. bitUSD is the first of these assets that started trading.  |
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megashira1
Legendary
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Activity: 1146
Merit: 1000
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September 11, 2014, 08:24:24 PM |
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Are they Pos?
I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.
BTSX is POS yes. bitUSD is one of many market pegged assets trading on the BTSX chain. Read more about them here: https://bitsharestalk.org/index.php?board=3.0 |
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robrigo
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September 11, 2014, 08:28:39 PM |
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Are they Pos?
I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.
BTSX is POS yes. bitUSD is one of many market pegged assets trading on the BTSX chain. Read more about them here: https://bitsharestalk.org/index.php?board=3.0DPOS != POS. |
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Kergekoin (OP)
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September 11, 2014, 08:38:31 PM |
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Bitshares and its derivatives are not exactly backed by FIAT or anything else. They are still speculation based, much like bitcoin.
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Kergekoin (OP)
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September 11, 2014, 08:41:03 PM |
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Well that defeats the entire purpose of cryptocurrency.
Actually no. Cryptocurrency like this acts like a share for its backed value. It would not pretend to be a payment instrument, but rather like an easy access investment instrument. |
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tex99
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September 11, 2014, 08:51:10 PM |
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Are they Pos?
I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.
BTSX is POS yes. bitUSD is one of many market pegged assets trading on the BTSX chain. Read more about them here: https://bitsharestalk.org/index.php?board=3.0DPOS != POS. I thought so, what is it, and is bitUSD DPOS too? |
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robrigo
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September 11, 2014, 08:54:14 PM |
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Are they Pos?
I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.
BTSX is POS yes. bitUSD is one of many market pegged assets trading on the BTSX chain. Read more about them here: https://bitsharestalk.org/index.php?board=3.0DPOS != POS. I thought so, what is it, and is bitUSD DPOS too? BitUSD is on the same chain, so yes. Check out the links to the wiki and the whitepaper in my first post.  |
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