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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Basis vs. BitUSD. What is stability worth?

BY: @john-robert | CREATED: May 2, 2018, 7:36 p.m. | VOTES: 19 | PAYOUT: $1.89 | [ VOTE ]

If you do not know, stable coins in the cryptoasset world are in high demand but almost universally deficient in some way. Being a real problem, a few people have raised some serious capital to try and discover different potential solutions. One of which is Basis.
https://medium.com/basis-blog/introducing-basis-a-stable-cryptocurrency-with-an-algorithmic-central-bank-7a795393a525

It is interesting to note the total value of the initial raise for Basis is about 9x the entire market cap for a stable coin that is working today.
https://coinmarketcap.com/currencies/bitusd/

Bitshares can accomplish most of what this new project is seeking to achieve and it is available technology. I think even from the perspective of a project like Basis they could benefit from a Bitshares integration. Bitshares - Scalability solved.

TAGS: [ #bitshares ] [ #steemit ] [ #news ] [ #daostreet ] [ #economics ]

Replies

@ohimahathir | May 2, 2018, 7:39 p.m. | Votes: 1 | [ VOTE ]

Thanks for giving that information.

@mousumimou | May 2, 2018, 7:45 p.m. | Votes: 0 | [ VOTE ]

Thanks sir sharing this informative and valuable news.resteemit done.

@jakeybrown | May 2, 2018, 8:28 p.m. | Votes: 1 | [ VOTE ]

How's the volume on bitUSD lately? Also, what ever happened with tether? After the FUD it appears to rarely come up, but I never heard it was a scam.

I think bitshares would be huge with more adoption, they have a ton of capabilities on the platform

@john-robert | May 4, 2018, 3:16 a.m. | Votes: 1 | [ VOTE ]

My guess is the people who should be concerned with Tether as a scam compared it to how traditional fractional reserve banking works and said they would incur the risk. Also it is a hot potato anyway so few believe the accurate odds they will get stuck holding it at the end.

@redrosee | May 2, 2018, 8:30 p.m. | Votes: 0 | [ VOTE ]

adore it suitable put up its a new pass for someone option have to be try to really worth make future for higher impowerment in lifestyles

@angeltirado | May 2, 2018, 9:34 p.m. | Votes: 0 | [ VOTE ]

good inf have a great day 😱😱😱😍😍😱

@dalexx | May 2, 2018, 11:37 p.m. | Votes: 2 | [ VOTE ]

Good one... upvote and resteem

@raftaar | May 3, 2018, 7:53 p.m. | Votes: 0 | [ VOTE ]

great news! Thanks for the interesting information.upvote and resteemit done sir.

@britcoins | May 6, 2018, 3:58 a.m. | Votes: 0 | [ VOTE ]

Nice review - catching up all the posts today. So with all that money and good intention raised, have they selected a technology yet?

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