This shitcoin is still around??? Weren't they supposed to pay everyone their bitshares-x like....4 months ago or something but never did?
To be honest, I was a bit frustrated with length of time they've taken and would have liked BitShares XT tradeable earlier. However it should be worth the wait.
By comparison, I have circa 50% in Bitcoin still, though I like Bitcoin, it is pretty centralised because you only have to get to two people to destroy confidence in the system at a crucial time.
The confirmation times & transactions per second are excruciatingly slow hence the need for Bitpay etc.
But the big one for me is that a lot of merchants let you pay in Bitcoin but transfer straight to $.
BitShares X if it eventually is able to do what it says on the tin, will have a system that's more decentralised but with enough trust (knowing who will produce next block) that they can handle MasterCard/Visa volumes and process them incredibly rapidly. More importantly you will 'hopefully' be able to hold BitUSD or BitGold on a blockchain. So it's not a shitcoin, more like the - 'could change everything coin' so I guess actually you could call it 'the shit' coin
The first chain will have interest payments removed and be light on features but this is the idea for those that are interested. (Buying PTS now won't get you a stake in it, you'll have to wait a few weeks till it becomes tradeable.)
BitShares is a revolutionary new bank and exchange that could rival the value of the largest banks in the world such as JP Morgan and Bank of America in just a few years. How could this new upstart grow so quickly? BitShares offers a bank account that earns 5% interest where funds can be transferred in minutes anywhere in the world with more privacy and security than a Swiss bank account. Your account can never be frozen, your funds cannot be seized, and the bank can never face collapse due to loan defaults or fraud. All of this is made possible without requiring any employees, lawyers, regulatory compliance, vaults, buildings, and other infrastructure required by traditional banks. Unlike existing banks, you can hold your balance denominated in gold, silver, oil, or other commodities in additional to national currencies while earning 5% interest.
In addition to acting as a bank, BitShares also serves as an exchange where currencies, commodities, and stock derivatives can be traded with most of the features used by professional traders including shorts and options. The Bank takes a cut on every transaction and pays 100% of these transaction fees as dividends to the shareholders. BitShares can achieve this feat using the same technology that makes Bitcoin possible, irrevocable decentralized automated consensus forming.
You can keep track of progress and learn more here
https://bitsharestalk.org/index.php?board=3.0Yea right. Every other day someone comes out with a coin that will "revolutionize everything". I won't go through all of your points one by one, suffice to say though bitshares doesn't do any of the things you say it does. Bitshares doesn't do anything, actually. None of the "revolutionary" features are active. They are all way overdue. What you have is a lot of promises from a company that has failed to deliver on a single promise.
Show Posts
