Quote from: xeroc on August 06, 2014, 08:16:22 AM

Quote from: MarkyRamone on August 06, 2014, 05:33:23 AM

I think that everyone in this thread should take a look at bitshares-x (http://bitshares-x.info).
Basically is a distributed bank were you can hold your deposits in any currency (first iteration will have bitUSD, bitGold and bitBTC).
These are market-pegged assets or collateralized network issued IOUs .. If you have 1 bitUSD it will always be worth 1 USD worth of BTSX (the crypto that this network use).
The pegging is being done with a prediction market running in the blockchain that have 10 second confirmation time using DPOS (delegated proof of stake).
BTW: This bank makes money with transactions fees, inactivity fees, margin calls fees and this revenue goes directly to the shareholders. Just owning the underlying crypto BTSX (the one that bitUSD is backed) you are a shareholder.
For me is the most innovative thing ive seen since bitcoin.

Sadly the OP is about eleminating btc price volatilty .. I am pretty sure most people
around do not realize the power of the bitUSD and the bitGLD ..

if you guys don't know what bitUSD is => ~~blame~~ educate your self

Our CEO Ira Miller recently wrote a blog post for Coinapult regarding BitShares / Ripple / other altcoins and altchains, addressing this very question:

https://medium.com/@Coinapult/locks-comparisons-5141257af8e8

Please share your thoughts and comments!