The short answer to your question is Daniel Larimer is anything but a genius.


 Fully agree with that. I don't like ANY of his recent decisions, or how the community is going ahead in malicious intent to scam, swindle and cheat all previous holders while grabbing as much stash for themselves as possible with the recent X share scam, and of course that isn't enough either (it never is for stupid/greedy scamming criminals) so alas their stealing more with more carnival scams by even more massive inflation / i.e. theft from shareholders.

 I'm especially unhappy with the aspects of the new dilution/inflation too. Most unhappy. But at least there will be a most happy ending. Read on...

 I can't deny though BitUSD, BitGold & BitSilver etc. are just more empty promises about a year later, with this series of newest scams now laid out and rolling along, and of course with ever more swindling of new fools and dupes as much as possible  that thought there were serious people instead of scam artists out to swindle from dupes and fools.

 These most obvious shills above call Daniel Larimer a genius. You have to be insane to state such a thing here.

 With nothing but hot air  and fluff, and with nothing adding any value what so ever with their actions going on a year now except for empty statements about remittances, online shopping, merchant & user adoption, a new website & even talk of a BitUSD debit card.

 JUST SHUT UP! Shut the fuck up already! These scammers deserve a microphone (extra large) up their bun-holes. And after all their about to be sharing prison cells with Buba for their criminal acts, a long list of them from the looks of things...But hey, maybe they can fool and dupe the SEC just as easy as many here??

 The nonsense replies above read like a horror show, or a really horrible attempt to RE-RE-RE-PUMP this now flee bag pile of scam-crap to ever more dupes and fools.

 Enough already. With the SEC hot on these clowns and jokers heels they are apt to be spending many a years behind bars for this kind of grand theft series of endless schemes and nothing but hot air amounting to nothing AT ALL. Or at least that's how many of us seeing this today, and many more will extremely fast!

 PTS  & X, we're so sorry...but we must steal ever more, so let's steal (inflate away) just like the FED, BOE, BOJ, BOC, and even soon the ECB. After all we're intitled to the fools and dupes money too? right? WRONG.


 SEC, are you listening?? Best put a red mark next to these obvious scamming thieves.


  Say what? Their called and termed Fiduciary duties geniuses!!! That has been in full breech for the longest with PTS, bla, bla, bla, and now X. Forgetaboutit, these are classic scam artists with a brand new twist and nothing else. Their a dime a dozen in these parts and this is exactly what this is too, imo, and I don't give a rats ass what anyone else thinks and states otherwise. This REEKS HORRIBLY.

 So let's feed them to the SEC whom is looking for many more perfect examples in these parts, and here we have many ALL IN ONE Giant series of scams that fooled many a fool and dupe.

 Never again assholes. NEVER AGAIN.

 Sell it all fools & dupes. And don't ever trust these crooks again.

 Last thought: be sure to be real nice to buba in that prison cell block...lol...I already hear the SEC laughing nonstop at these swindling, idiots. Daniel Larimer : What a genius. NOT. It's called stupid/greedy/scammer that crossed far too many lines to ignore anymore. And all involved parties did breech their  Fiduciary duties to their shareholders. But then this is a non-corporation that no one party owns. Tell that to the SEC bitches. And to Buba too, lol...

Only allowing wealthy investors fund your project, -8 points.

Kickstarter such that normal people get NO equity in your business, -7 points.

Forking BitShares code without mentioning BitShares explicitly even once, -8 points.

Not honoring the BitShares consensus of 10/10 to PTS/AGS holders, -6 points.

Screen shots that look horribly designed, -7 points.

So, the whole bitshares concept could have been done on the NXT blockchain using NXT as the store of value and creating a bitUSD asset. (I assume they didn't cause the devs could create BTSX's for free.)

The first mover advantage is great but what stops NXT from doing their own collateral or pegging system or a near-equivalent thereof?  

It's a question of IF something brings utility to the mass market and if the mass market is utilizing this service

Nothing?

My only problem with the article and the comparison is that a house, real estate, has intrinsic value.

What gives a BitShare intrinsic value that makes it valuable collateral for creating bitUSD from?

I am not sure if it is an antidote or just a replacement that changes nothing.

Not sure if you read http://invictus-innovations.com/bitshares-as-dac-bank/

But fractional reserve lending is about robbing the wealth of others. I am not sure if that is in the best interest of the crypto community.

sry, never heard, what is that?where do i get that, any website?

Is this DAC a pure public service, or is it meant to operate at a profit?