1 Level
12 Review
9 Karma
Review on BitShares by Nguyen cuong
Anything can be used for money in the right circumstances. Gold, silver, stone…
Anything can be used for money in the right circumstances. Gold, silver, stone, paper, debt and cigarettes were used as money. The rich and often used paper stocks in the form of money. In the case of BitShares there are many different assets that can be used as money, including BTS, BitDefender, BitGold and BitSilver. All assets are property that can be replaced, disassembled, transported and can not be tampered with.
Pros
- On the Bitshares DEX you trade autonomous derivatives that use free market dynamics combined with price feeds to track the value of their real-life counterparts. Bitshares is actually a Decentralized "Meta" Exchange. Many exchanges can be connected to bitshares...and the orders are all matched on the blockchain so people can't manipulate it With BitShares, you can take short positions, issue bonds, get your options (BitUSD, BitGold, BitSilver, BitOil etc.) and do whatever you should be able to do on the true cryptocurrency market
Cons
- When you are going to trade with commodities like gold, silver or even the fiat currency, you gotta give in exchange something with at least similar rate of value-fluctuaction, which cryptos are not. Waves is way better funded, has more momentum and way better PR than BitShares. Their DEX even if it isn't as good, looks better. So people will naturally go there becasue user experience matters
