/biz/ - Business & Finance

>>4480106
tl;dr

BitShares is a Proof of Stake coin, decentralized browser wallet and exchange where smartcoins can be issued via smart contracts that are kept in the BTS network, smart coins are brought into existence by borrowing them from the network and locking at least 175% of their value in a BTS collateral (that you can get back when you pay your debt by shortselling)

>>3248800
Dan Larimer has nothing to do with bitshares at this point tho

bump

>>2906294
yeah you're right for a second I completely forgot that dash and zcash existed, as for BTS I think it has potential because of stuff like this:

http://www.investopedia.com/news/openledger-launches-cryptoready-payments-card-ocash/


DPOS + User Issued Assets (no need for ICOs or premining) + Fiat Clones = Winning combination in my book

>>2854039
tl;dr

BitShares is a decentralized browser wallet and exchange where smartcoins can be issued via smart contracts that are kept in the BTS network, smart coins are brought into existence by borrowing them from the network and locking at least 175% of their value in a BTS collateral (that you can get back when you pay your debt by shortselling)

Further reading:

>What are BitShares Market Pegged Assets?

http://bytemaster.github.io/article/2014/12/18/What-are-BitShares-Market-Pegged-Assets/

>Price-Stable Cryptocurrencies

https://bitshares.org/technology/price-stable-cryptocurrencies/

>User-Issued Assets

https://bitshares.org/technology/user-issued-assets/

that's what bitshares is for

BitUSD, BitCNY, BitEUR, BitGold, BitSilver etc....