Quote from: testz on August 21, 2014, 12:10:08 PM

Quote from: jrossIV on August 21, 2014, 12:04:25 PM

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LOOL .. anyway .. btsx has like 15% plus on the 24h price while NXT has like -8% ?!

Where are those whack percentages coming from? 8 vs 15% price change differences? I don't even see any real hype from or about Bitshares X.

Anyone care to clue me in ?

Like uhh for starters what is it ?

If you really want to know more about BitShares/X/PTS/DNS/Vote, etc your can read: http://wiki.bitshares.org
If you like ideas look into https://bitsharestalk.org

The wiki is quite interesting. I am not sure what BitShares X is, but it sounds awfully cool. Uhhh. Either a total scam that is delivering vaporware or something quite extrodinary.

I want to buy some on Cryptsy but do not see the currency offered?

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... These distributed autonomous credit unions could rival the value of the largest banks in the world such as JP Morgan and Bank of America in just a few years. BitShares X offers a bank account where funds can be transferred in seconds anywhere in the world with more privacy and security than a Swiss bank account. Your account can never be frozen, your funds cannot be seized, and the bank can never face collapse due to loan defaults or fraud. All of this is made possible without requiring any employees, lawyers, regulatory compliance, vaults, buildings, and other infrastructure required by traditional banks. Unlike existing banks, you can hold your balance denominated in gold, silver, oil, or other commodities in addition to national currencies.

In addition to acting as a bank, BitShares X also serves as an exchange where currencies, commodities, and stock derivatives can be traded with most of the features used by professional traders including shorts and options. The bank takes a cut on every transaction and pays these transaction fees to the delegates and then shareholders by way of the Burn Rate. BitShares X can achieve this feat using the same technology that makes Bitcoin possible - irrevocable decentralized automated consensus forming. The market capitalization of shares in this new bank will exceed two times the value of all balances in gold, silver, oil, and currency accounts. This requirement allows for 200% reserve collateralizing the value of all deposits in the bank.

LOL.

jrossIV

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