It makes my head explode every time i think of the possibilities EOS and Bitshares bring to the table...why do you think Bitfinex chose this project....Dan is the man
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It makes my head explode every time i think of the possibilities EOS and Bitshares bring to the table...why do you think Bitfinex chose this project....Dan is the man
Bitshares cannot run on EOS with current fee structure, which Dan recommended against.
Fortunately, Block One listens to Dan.
Upcoming DEX on EOS will likely be airdropped; i.e., IQ
Dan is the alien Man.
Wait, are you saying that BitShares cannot integrate with EOS as things currently are?
That is correct. Bitshares is controlled by Chinese investors who don't understand Dan's vision, and refuse to accept an inflationary, no-fee model. It is my belief that Dan's next DEX will be airdropped to EOS holders.
So you think that Dan will develop a new DEX? Could that render BitShares obsolete?
Not sure if that's true...Stan said it could be done easily on his interviews...he is a coder himself, but maybe he doesn't understand the complexities of the new platform...we shall see...are you turned off the Bitshares DEX by all of these new changes solis??? Would be interested if you have heard anything within the Bitshares community on whether they arent worried...i still see them as one of the only projects generating revenue and keep seeing many payment remittance and logistics companies moving over the bitshares...it still looks good to me
Please watch interview at 50 minute mark.
"I think we'll see better exchanges, better social media platforms."
Dan will not work with fee structures.
Roger that ...thanks Solis
Surely Dan wouldn't be creating such an obvious competition to his Dads DEX ? bitfinix may create a DEX on EOS but I wouldn't think Dan would be involved in it ?
EOSFINEX is where its at.
hey @shawnster - are Bitfinix proposing to create a new DEX on EOS ? where would this leave Bitshares ? Im pretty sure Dan said in an interview on Ivan on Tech that Bitshares cant run on EOS ?
https://bitcoinist.com/bitfinex-build-eosfinex-first-decentralized-exchange-eos-io-platform/
Really good question bat....this remains to be seen..either way they have a lot of announcements this year with partnerships so i think they can both exist...keep in mind..this will take some time for Bitfinex to establish a solid footing...Bitshares is already established and moving along...cheers friend
Hey Shawn I agree even when EOS does go live it's going to be a long while before EOSFinix is ready. I also think from Listening to Stan that Bitshares is trying to be much more than just a crypto DEX. They may have their sites on being a place for all types of trading, which complies with regulations across multiple continents. This would mean that when regulation does come to crypto (which it will) they could be one of the few left standing after a bloodbath !
What did you make of the shutdown of AriseBank ICO ? I know some are saying it's proof it was a scam, but I think it just shows the banks are scared ! And had to shit it down
Really great question and I'm glad you brought it up..i have mixed feelings about it...i thought it was a genius idea..their website was designed very well, and the services they were going to offer were very compelling...it wasn't too sophisticated, meaning all they were going to offer was a decentralized bank account, holding all of your assets and then offering an app on your phone or computer to use your coins...also some ATM's across the country to pull funds as well..all without a centralized and scumbag bank watching you and charging you exorbitant fees...the mistake they made, was 2 things...they flaunted the fact that they were buying a 100 year old bank, which it wasn't, it was a bank holding company...also they chose to have Jared the spokesperson which was a bad idea...i read somewhere that he served 5 years for felony robbery...that's private information but i read that he did not disclose this when he should have with regards to the ICO launch..so when you put those 2 pieces together, it wasn't a good thing and i think Stan should have done his homework...but you know what, if Jared was out of the picture, the Feds wouldn't of had any ammunition to shut it down and it would have made it harder for them to do because technically it wasn't a bank..it was a software program to help facilitate cryptocurrency transactions and store assets...it was really unfortunate..because I was totally on board..i would have used their services because it was all in one..a bank account, debit card linking hundreds of coins and ATM access...hopefully they will win in court and it will continue to flourish...either way, Bitshares is still a behemoth...why do you think Weiss Ratings graded them in the top 3...keep in mind, many Hedge Funds and VC firms use Weiss Ratings to help their due dillegince when investing in companies that will whether the storms...Bitshares is already earning revenue, and every time i look, a new company is moving over to their blockchain..i don't think many people realize that they aren't just an exchange, and have many businesses using their services to run their business...payment processing, other exchanges, logistics, payroll..you name it..I hope in the future they will have a resource everyone can go to in order to see all the businesses that are using the Bitshares ecosystem so they can get the big picture..there is limited information online which i think hurts them..if anyone knows any resources i may have missed, please let me know...so i think they will still do well in the future...sorry for the long rant
Great post Shawn which Sums up nicely where AriseBank went wrong. I too thought it was going to be great and would have opened an account. Maybe Stan will try to integrate something with Bitshares. I also agree we need to get the word out about Bitshares as most people simply have never heard of them. My worry would be that they would loose first mover advantage with the like of EOSFininx since most people have heard of bitfinix so their new DEX would be instantly popular.
I think More people joining Bitshares would add much needed volume, and build traction. I just don't get why Bitshares is so undervalued. So many cryptos moon on pure speculation, whereas Bitshares has a fully working model already !
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Great points friend...one thing i thought i would mention as an early investor is that the volume on the bitshares DEX is way way higher than when i first created an account and i've seen a lot more people talking about it online...BTW, KimchiKing is a great ambassador to Bitshares..i believe he lives in Germany but he brought to my attention the fact that we can also use BitCYN for even better liquidity...if you click on the BitCYN tab instead of the BitUSD the volume on this sucker surpasses the USD pairs...this is because many of the companies that are doing remittance on the DEX are in southeast asia..and i was told that many Chinese investors moved over after the ban to soak up some of the liquidity and invest as well...the CYN is very stable like the USD and it's still backed 1:1 with 200% collateral...so i started trading this area...just keep in mind in your calculations when deciding how much to invest that 6 CYN equals one dollar..just use a converter online...hope this helps friend...im trying to get the word out commenting on tons of tweets on twitter when people are asking about DE's and Tether concerns...cheers
thanks for the heads up Shawn. I didnt realise CYN had way more volume, and had never thought of trading with it. Will defintely look at it. I still do not get why the platform is still so undervalued, especially if it has so much business now in SEA.
Hey Bat...i found this collage that i saved a few months ago..im sure there are more companies involved but i forgot i had this...cheers
Cheers again my friend ! Let's get the word out