A lot of “money” was gained in the crowdsale in the form of Bitcoin and Mastercoin, both of which are very volatile. Has it all been kept as Bitcoin and Mastercoin?
I suggest that other options are considered in order to keep at least some of this value in a less volatile way. One such option is to exchange the BItcoin/Mastercoin for BitUSD on the Bitshares X platform. This way the value would be preserved relative to USD.
Has anything like this been talked about?
Down vote.
-During Posting this- I naively thought this was advertising; though I will not delete as this thread demonstrates a valuable precedent where sincere inquiry was mistaken for commercial advantage.
I think @dallyshalla downvoted because he or she thinks you’re here to promote Bitshares ? If so, ignore that and wait until you’ll get an answer from someone who can talk for Maidsafe the company to give you an answer. If that wasn’t dallyshalla’s reason for downvoting he or she will elaborate I guess.
P.S.
I believe the money that was raised is held in Bitcoin and Mastercoin at this moment.
There was a thread explaining this in the past, and from recollection about 1000 bitcoins were converted to cash, and the rest were put into cold storage. Though I cannot find the thread, after having searched.
@Melvin I did perceive this thread as an advertisement for that thing.
Also, USD is way more risky than anything - a guaranteed 2.3% loss each year, or 2300% loss over 100 years. vs bitcoin and 250,000 % increase in 5 years.
So much of SAFE Network is recycling coins; a SafeCoin has intrinsic value, and that value is network resources. It will be nice to steer away from this USD greed craze. Rather notice how the more SafeCoins you have to more of the network is at your disposal.
Bitshares, shitcoin?
The same was discussed in recent topics. Maybe you should try to use the search function.
Really? How?
@Runswick Maintaining the value is important, but your talk to convert this to BitUSD is strange. I’m ready to pay whatever to see project Maidsafe finished, even my last dime, because it’s well worth it.
All opinions are valuable when made honestly, I believe you have done this, no need to remove. Keep thinking and prodding and sometimes being perhaps misrepresented is a side effect of investigation. Don’t worry about it at all. If your honest then your not wrong. Its a valid opinion to watch out for longevity and I am happy you did. We need to keep watchin out for such things. Cheers @Runswick I think you did the right thing, I am the worlds worst at putting things across so at worst your in my camp 
which may not be a great place, but keep enquiring!
I asked because I’m skeptical about its ability to do that. Here’s what they say:
Whereas your bank uses your house as collateral, BitShares X uses BTSX as collateral. If the value of the collateral falls relative to BitUSD then BitShares X will automatically cover your loan by selling the BTSX held as collateral for BitUSD and giving the borrower the BTSX left over.
Someone wishing to borrow $100 dollars from the BitShares DAC must find $200 worth of equity (bitshares) to back the loan. Lets assume they have mined $200 worth of equity, they can mortgage this equity and receive 100 BitUSD in exchange for a loan on their equity that can only be cleared by paying back 100 BitUSD.
From: Solusi Teknologi Terkini & Inovatif untuk Perangkat Digital Anda | Panduan Lengkap
It seems you need to deposit a 200% collateral and it’s all in the same cryptocurrency (I need BitSharesX to buy collateral, so it doesn’t seem like it does much…).