Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: BitShares scam2.0, Still scamming
by
Pheonike
on 08/01/2016, 22:29:01 UTC
Quote from: testz on January 08, 2016, 11:42:50 AM
Quote from: entertheabyss on January 08, 2016, 10:00:32 AM
Quote from: CoinHoarder on January 08, 2016, 06:42:27 AM
No one, because they can buy 1 bitUSD for $1.053 USD right now on Bitshares' decentralized exchange.

$1.053 USD is a 5.3% variance. As i check on coinmarketcap now i see it listed at 1.04usd or a 4% variance.
Compare that to Tether (USDT) at 1.00 USD and NuBits (NBT) at $ 0.997296 or .27% variance.

NuBits is a superior system as it more closely maintains the peg (according to data on CMC)and does not have the systematic risk associated with BitUSD and other bitshares collateralized assets.

It's heavy to compare trustless BitUSD with NuBits, Tether systems.

But if your compare NuBits and Tether acording CMC data the Tether looks much better.

https://cdn.pbrd.co/images/DF8zf0E.png

https://cdn.pbrd.co/images/DF7pfDd.png

https://cdn.pbrd.co/images/DFy6UBA.png

You are expose to 3rd party centralize risk with them. Where as with Bitshares it's in theory a system risk.  So you have to decide what's is more likely, Bitshares crashing and disappearing or some central players in the others system running away with the money.