Bitcoin Forum

Today at the Consensus Conference in New York City the Shapeshift founder and CEO Erik Voorhees has announced the launch of Prism, a “trustless asset portfolio platform”. The Swiss blockchain technology company says investors of all types looking to build a portfolio can do so using the decentralized digital asset holding application.

Launched today, the Prism platform provides users with the ability to secure a basket of cryptocurrencies without exposure to third party risk. The platform is built using Ethereum-based smart contracts that enable investors to construct a crypto-portfolio with a broad range of cryptocurrencies to choose from including Bitcoin, Litecoin, Monero, and Ripple.

Read More Here >>> https://news.bitcoin.com/shapeshift-launches-prism-portfolio-platform/

which coins are supported?

Presumably it's whichever coins that Shapeshift supports, which is any major ones.

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Now all we need is a real decentralised exchange where people can actually have full control over their coins and clearly do exchanges peer-to-peer.  Shapeshift is a good start but it still hasn't become the solution that throws away all the shady and poorly regulated Bitcoin/altcoin exchanges like the Ponzi scammers at YoBit.

Review of Prism: https://www.investitin.com/prism/ (https://www.investitin.com/prism/)

lol

So Erik decided to change his HQ from sketchy as hell Panama? I wonder why :D


A leopard doesn't change his spots, and Erik was operating out of Panama, mysteriously unmolested by the US government goons (aka CIA) that have run Panama to all intents and purposes for decades. I wonder who Erik's political contact in Switzerland is :)

Why we give this dubious character any forum space is beyond me.

This is just a PR release for some company bullshit, not real news.

It's 1% monthly fees + 2.5% exit fee.

Oh wait, now they changed it to 0% monthly fee until end of beta, where it becomes 1% monthly fee after you're locked in.

Obvious scam is obvious.

They plan to leave the monthly fee up to the market. Until that is implemented the monthly 1% fee is done away with.

ShapeShift provides all the collateralized ETH capital on the Seller side – but in the future, Prism will open up the Seller side, such that Prism customers can take the long or short position on any basket of digital assets.

When this happens, this monthly fee will be set by the market: paid by Buyers to Sellers, or Sellers to Buyers, wherever the equilibrium exists at a given point in time. That was always the long-term plan, so we’ve done away with the arbitrary 1% placeholder in the interim.

Source: https://blog.prism.exchange/blog/prism-fee-update/

so it's not eliminating third party risk; it's just identifying it and perhaps clarifying which third party you are risk to???