BitShares X if it eventually is able to do what it says on the tin, will have a system that's more decentralised but with enough trust (knowing who will produce next block) that they can handle MasterCard/Visa volumes and process them incredibly rapidly. More importantly you will 'hopefully' be able to hold BitUSD or BitGold on a blockchain. So it's not a shitcoin, more like the - 'could change everything coin' so I guess actually you could call it 'the shit' coin
Did you confuse something?
This actually sounds like Nxt.

No it doesnt sound like Nxt. Nxt is coded in java, not c++, which is a liability in and of itself. It cannot scale to Visa volumes... the transactions are both two large and the delegation of block production is not as streamlined as BitShares. It is simply not as scalable of a system. And you do not have market pegged assets that are properly collateralized. It seems that you guys are half way there but not quite. If Nxt were the "could change everything coin" its market cap would have already surpassed litecoin... but i guess in the end we will see what the market consensus demonstrates