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RE: Life in Godfather's Gulch

in #bitshares6 years ago

Stan is it possible that we all start promoting BTS as coin for payments beside all other things that BTS can do? It is fastest coin and it is pity using it only for DEX. With username accounts it would be much easier to use for payments than other coins.

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You certainly could, but there are better choices. BitAssets like bitUSD, bitEUR, bitCNY and the HERO are designed to be stable and spendable - in three seconds, just like BTS. Then there's the Quint, a gold backed asset from Quintric. Wish I could tell you about that!

I agree that they are also good but don't you think than BTS as main Bitshares ecosystem coin would be more adopted worldwide if it is possible to pay for things with it and I am sure that it will open doors for bitUSD,bitEUR,bitCNY, HERO and all others?

I think it's the other way around, bitUSD and co would open doors for BitShares. Especially now that a lot of people are questioning tether.

Of course, there's that tiny little problem where everything you do with your funds is 100% transparent for the world to see on the bitshares blockchain.

Maybe that shop will give you a better price now that they know you have $50000 bitUSD sitting there..

Stan, I'm excited for Quint. We would love for you to share more about it when you can. Thank you for all that you have done and continue to do for Bitshares!

This has always been one of the major possible users of Bitshares, unfortunately without confidential/private transactions, it was always unlikely that there would be consumer mass-adoption.

It sure does make a lot more sense than paying with volatile crypto (unless the merchant has an uncharacteristic appetite for risk). But unfortunately, the privacy thing.