You are viewing a single comment's thread from:

RE: Why Steem might actually make sense as a Smartcoin

in #bitshares • 8 years ago

I've just thought of an issue with shorting bitsteem. Most people using the scenarios above would want to short steem with the dollar not bts. Would still be useful for many but not a simple as i first envisaged.

8 years ago in #bitshares by
$0.00
    Reply 4
    Sort:  
  • Trending
    • [-]
     8 years ago  

    use bitUSD as collateral

    $0.03
    • Past Payouts $0.03
    • - Author $0.02
    • - Curators $0.01
    1 vote
    Reply
    [-]
     8 years ago (edited) 

    You can't create bitsteem from bitusd. Only bts as far as the Gui shows.

    $0.00
      Reply
      [-]
       8 years ago  

      You sure?

      $0.03
      • Past Payouts $0.03
      • - Author $0.03
      • - Curators $0.00
      1 vote
      Reply
      [-]
       8 years ago (edited) 


      As an example of the versatility of bitshares, I created ALTCAP and ALTCAP.X smartcoins. They are backed by the value of Bitcoin using bitBTC as collateral:#bitshares #smartcoins can be backed by the value of any stock, share, index, fiat or crypto currency including bitUSD.




      Info @ http://cryptofresh.com/a/ALTCAP Info @ https://bitshares.openledger.info/?r=by24seven#/asset/ALTCAP Info @ http://cryptofresh.com/a/ALTCAP.X Info @ https://bitshares.openledger.info/?r=by24seven#/asset/ALTCAP.X

      You can trade ALTCAP and ALTCAP.X on BitShares Decentralised Exchange exclusively at:


      https://bitshares.openledger.info/?r=by24seven https://secure.freedomledger.com/?r=by24seven https://altcap.io/?r=by24seven