I wish I had more information on how exactly it would work. There are other decentralized platforms like the newly created DDREX, Oasis Dex, BitShares and the best of all EtherDelta. Most use ETH-based technologies or it's a 0x layer.
Binance saying that the future lies in creating, and strengthen, the communities is very interesting. But is it still possible to put so many different assets and still provide statistical information while maintaining anonymity?
And we still need a middle man between fiat and the world of cryptocurrency. I hope there are people working to solve this problem as well.
Without developing their own chain I would imagine it would be similar to OpenLedger on the BitShares exchange. All of OpenLedgers markets run on the BitShares blockchain while they collect the trading fees. Users maintain control of all their funds/keys. They are also able to charge exchanging open.BTC > BTC and vice versa. |
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That would that mean for us? Would that mean the SEC would also have the power to decide which coins or tokens to list in a SEC registered exchange?
I reckon that the government's agenda of over-regulating the cryptospace might discourage the people from investing, and that could result in slower adoption or none at all.
This is already happening. Exchanges can not let users trade crypto securities, otherwise they will face issues from the SEC. Example Bittrex actually unlisted trading of the BitShares token because their lawyers fear it is a security. The BitShares foundation has now hired a well known legal counsel for two important documents, a professional legal opinion that it is not a security and also for them to reach out the SEC for a "non action letter." These just may become the documents required for exchanges to list a coin going forward. This is probably a good thing, to weed out the nonsense blockchains! https://steemit.com/bitshares/@bitshares.fdn/report-spokesperson-bitshares-blockchain-foundation-on-bittrex-inc-and-other-regulatory-issuesOn the other hand this paves way for decentralized exchanges with gateways supporting the in/out markets. 2018 is shaping up to twist around the current environment. I reckon there are other nonsense blockchains listed in Bittrex to be worried about more than Bitshares. At least Dan Larimer and his development team were experimenting on new consensus algorithms by coming up with something called Delegated Proof of Stake. The projects of today are not even trying to innovate anymore. I keep thinking Dan's invention of DPOS and BitShares is how this could force exchanges to build on top of it. Just the way OpenLedger did by becoming a gateway in and out of the blockchain. They bootstrapped markets such as open.BTC:BTS or open.ETH:bitUSD etc... This way they collect fee's on those market trades and can also white/blacklist for required .gov regulation. This may be the way exchanges go to reduce liability and fit into regulation. Everyone now has 100% visibility into the exchanges inter-workings since its on the blockchain itself, a large part of what the SEC is going after with current private exchanges. Well soon see how much regulation is applied, hopefully just enough to allow the market to thrive. |
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That would that mean for us? Would that mean the SEC would also have the power to decide which coins or tokens to list in a SEC registered exchange?
I reckon that the government's agenda of over-regulating the cryptospace might discourage the people from investing, and that could result in slower adoption or none at all.
This is already happening. Exchanges can not let users trade crypto securities, otherwise they will face issues from the SEC. Example Bittrex actually unlisted trading of the BitShares token because their lawyers fear it is a security. The BitShares foundation has now hired a well known legal counsel for two important documents, a professional legal opinion that it is not a security and also for them to reach out the SEC for a "non action letter." These just may become the documents required for exchanges to list a coin going forward. This is probably a good thing, to weed out the nonsense blockchains! https://steemit.com/bitshares/@bitshares.fdn/report-spokesperson-bitshares-blockchain-foundation-on-bittrex-inc-and-other-regulatory-issuesOn the other hand this paves way for decentralized exchanges with gateways supporting the in/out markets. 2018 is shaping up to twist around the current environment. |
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Dominant how so? Price? Capability? Usage? http://www.blocktivity.info/ shows us a different view of dominance compared with the typical market cap. |
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Always interesting to see http://www.blocktivity.info/ where both graphene based chains BitShares and Steem perform more ops compared to all the other chains. Right now both ETH and BTC have many unconfirmed transactions... |
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Have you people ever read disclaimers & disclosures when signing something meaningful? Obviously they do not want any sort of financial litigation towards their company, completely normal.
Do business in the real world and you deal with these daily, no way around it with a world filled with happy to sue lawyers.
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In times of high volatility, exchanging one token for another is quite risky.
Why not use smart coins such as bitUSD, bitGOLD, even tether to hedge against drastic down turns?
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Hmmm, how do you say bitcoin is a mess while ethereym is a freight train by knowing the market driver is bitcoin even though market capitalizations are very close to each other. Just take bitcoin serious.
Bitcoin is the mainstream market driver however how can you take bitcoin seriously when you view this chart? https://blockchain.info/charts/mempool-count?timespan=60days |
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I am trying to convert to new BTS I exported my wallet but file is not recognized on new 2.0
Also, my user name is recognized on 2.0 but password is not..... I can log in the BTSX perfectly fine but no connections
There is a migration guide here: http://docs.bitshares.eu/bitshares/migration/index.html If that does not work, go to bitsharestalk.org for help. |
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Why hasn't anyone mentioned the elephant in the room? Ethereum's scaling problem. With all of the Dapps running on Eth were gonna have huge issues when transactions begin to be delayed. How will the gambling sites work that require high speed transactions? Eth needs to go DPOS to resolve this but they never will. Simple POS with 15tps just doesn't cut it these days.
Exactly why there is hype around EOS & current graphene DPOS based chains. Everyone here just regurgitates information without performing any due diligence. At the same time, ETH passing BTC in price will bring increased attention to other chains which is good for the whole industry. Let it rise, stall the network like btc, and another will take its place. |
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New Fact
EOS is going to be completely centralized in the hands of people who own the most, 21 guys with the most I believe. They get all new coins generated and also they can vote for their own apps to get free coins. They own the network.
Please do some research instead of regurgitating info from another source. Here is a good overview interview with Dan about EOS that also touches base on BitShares and Steem: https://youtu.be/K6uR0A9cC5Y |
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The github page clearly says:
"Draft EOS Token Sale Contract
DISCLAIMER: Everything contained in this repository is in draft form and subject to change at any time and provided for information purposes only. block.one does not guarantee the accuracy of the information contained in this repository and the information is provided “as is” with no representations or warranties, express or implied. This code is owned and copyrighted by block.one and cannot be used by anyone for any purpose other than testing on the Etheruem test network.
This repository contains the draft source code for the EOS Token Sale. It is being released so that it may be reviewed by the community and deployed and tested by all on the Ethereum test network.
No information regarding the final terms and timing or properties of the sale have been released at this time."
360 days is also a very, very long window to purchase. I imagine the purchase history should be available for everyone to see thus can judge when it's a good time to get in? Obviously why they are front loading the first 5 day window with 20%.
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Pumps happen every other day. the holders make profit while the pumpers become wealthy. BitShares is the daily pump.
Pump or not, when looking at the technology and actual business use cases around BitShares, no reason it should not be in the top 10/20. Compare it to the others. |
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