Wow that is a helluva statement. I take it your view is to load up all you can.
So far what I am reading is that any token (that they service) can be traded in bitshares regardless what exchange they are in as long as it is one on the blockchain. So blocktrades and even coinbase can be used to seamlessly move from currency to currency...and no commission fees.
Is my understanding thus far correct?
No, I don't think that's the case, but I could be wrong. Coinbase is a very separate entity, and I think you've got some hefty spreads to deal with with Blocktrades even if they don't have a fee. Coinbase is a good way to convert fiat to crypto, and from there I'd go to a traditional exchange to convert your BTC to BTS and then transfer to BitShares. The same goes for anything you might already have in DASH, DOGE, ETH, LTC, SBD, STEEM or USDT that you might be looking to convert to BTS - make the trade first, then transfer and pay a 5 BTS tx fee.
That having been said, I'm not an expert and I could be wrong. Please let me know about anything you come across that may help me get better informed. @ash is an expert on the subject who might be able to help out. Let me know what you confirm too. TIA
BitShares is still very young, needs a lot of improving done with respect to onboarding, needs to start adding more trading pairs, etc., but I'm confident they're moving in the right direction, and that's what makes it such a great investment. If anyone is going to get the job done, it's BitShares!
BTW, once you're on, then you've got seemless trading between various fiat proxies for the same commission cost as any of the other cryptos listed. That's extremely interesting should we ever see ourselves inside a crypto bear.
Thank you @cryptographic.
You have my interest peaked to the nth degree. I will spend my time looking into it. I know you looked at a lot of blockchains/tokens and it seems you are higher on this than almost everything else you came across. To me , that says a lot.
Plus, I know he uses technicals but Haijin is putting a $340+ figure on BTS before the entire bull run is over. Decentralized exchanges have to be the future and being one of the first ones in has to have its advantages.
I will look through @ash posts to see what I can uncover.
Thanks again for all your help and the 411.