It's not a question of IF something will work (something broken is a problem, though).
It's a question of IF something brings utility to the mass market and if the mass market is utilizing this service. The NXT asset exchange as far as I can tell works extremely well. Much like BitSharesX's bitassets may work. The reality is asset trading just doesn't appeal to the plurality. It's also reinventing the wheel as if I really wanted to trade $USD then I would use real exchanges and not a crypto.
If the bitAssets work and bitUSD is pegged to the dollar value of BTSX, then it becomes a game changer. For stocks, commodities, assets, and transfers.
Stocks and commodities will be able to retain their real world dollar value, all while trading on a non-governmental/Wall St. controlled environment.
Yeah but this just the same pegging / collateral system you've (well BTSx people) mentioned a dozen or so times. It doesn't stop assets from failing or being scams.
It also wouldn't fly on my tax income or depositing into the bank. "So uhh where did this $7 million come from" "from trading bitUSD and bitMicrosoftstock"