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A new financial system, and it's beautiful.
No, it's not bitcoin, though it is reliant on bitcoin. The organization's called Bitshares. They have just launched a distributed banking system. They refer to it as the future of banking and indeed it might be! It enables peer to peer trade of assets like US dollars, and silver. A creation of the profoundly inspiring Daniel Larimer, and his team. The system works because of concepts in game theory (you should appreciate that). These 'pegged assets', as they're being called, change in value just as their counterparts do. One can store and trade gold, without the need of a centralized body, without counterparty risk. Also, all assets held incur a yield that's atm between 1-3% and is expected to average 5% annually.
www.bitshares.org
www.bitsharesblocks.com
http://bytemaster.bitshares.org/upda...-is-BitShares/
http://bytemaster.bitshares.org/arti...Pegged-Assets/
This system is a tool of liberty. A path to freedom, maybe not for you, but for billions around the globe. And super fucking cool so check it out.
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Minsk   United States. Feb 21 2015 03:36. Posts 1558 | | |
Nobody calls a financial system beautiful, unless its a pyramid scheme. |
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| Last edit: 21/02/2015 04:33 |
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spets1   Australia. Feb 21 2015 12:14. Posts 2179 | | |
can a delegate scam all the BTS? |
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No delegates cannot scam anyone as far as I know. Delegates can propose an initiative but it has to be voted into existence.
An elegantly complex math equation is beauty.
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Santafairy   Korea (South). Feb 22 2015 05:15. Posts 2225 | | |
| On February 21 2015 02:36 Minsk wrote:
Nobody calls a financial system beautiful, unless its a pyramid scheme. |
I like this, it's pretty concise and astute |
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It seems to be not very profitable in the long run to play those kind of hands. - Gus Hansen | |
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People still call bitcoin a ponzi scheme too. People also say the the us didn't go to moon.
Your reaction in normal. It's nearly impossible for people without education in this space to look at the details and understand what's been accomplished. But take the time to learn about these things before forming an opinion.
Good chance Bitshares is bitcoin's successor.
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spets1   Australia. Feb 23 2015 05:28. Posts 2179 | | |
| On February 22 2015 02:27 GameOverNoob wrote:
No delegates cannot scam anyone as far as I know.
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So you dont know.... |
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The worst a delegate could do, as i know, is slow down the transaction time but a few minutes. |
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@lehgoboy | Last edit: 23/02/2015 05:55 |
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bigredhoss   Cook Islands. Feb 23 2015 18:35. Posts 8648 | | |
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You know that Ghandi quote... |
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Absolutely a super high risk investment. Do your homework. |
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More important than the possible investment is the capacity to empower billions of unbanked people around the world. To send value pegged to real world assets around the globe in seconds is worth it to awe over. |
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