Quote from: boraf on August 25, 2014, 05:25:15 PM

Not really sure what this mean.

Care to explain it in layman term what bitshares is? and what BitUSD mean? For those who are not technical.

It means that you get the freedom & convenience of crypto-currencies, with the price stability of the dollar. You can use BitUSD for trade the same way you can use Bitcoin. But now you always know exactly what the price will be.

It also means that if you want to cash out your BTSX, you can trade them on the BitsharesX decentralized exchange with zero counterparty risk. You dont need to risk sending your shares to some shady exchange in China or wherever.

Holding BitUSD also gives you +5% interest, payed by the other side who is shorting BitUSD.