1 Level
10 Review
21 Karma
Review on BitShares by Quan Lam Chan
BitShares is ready for government regulation with a smart contract blockchain…
BitShares is ready for government regulation with a smart contract blockchain built with Wall Street in mind. Equities are backed by assets and used for streamlined financial exchanges with a distributed ledger to track trades as necessary. With the right partnerships in place and forms filed, BitShares can find itself in a very lucrative position, thanks to these key components.
Pros
- 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. It works. It’s not Golem, MaidSafe or any other project with accomplished website and manifesto. You can buy BTS, go to their exchange and trade BitShares handles more transaction volume than Ethereum and Bitcoin combined.
Cons
- BitShares’ value is still volatile and it will likely continue to be that way until the market finds and comes to terms with a fixed inherent value. A sudden crash in value will immensely create doubts about the system and it will disrupt the ability to carry out safe transactions (e.g. a loan), particularly on a large-scale.
