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Review on BitShares by thanh nguyen
Centralization Compromises Privacy In order to have even the slightest bit of…
Centralization Compromises Privacy
In order to have even the slightest bit of privacy, the exchange functionality needs to be divided among hundreds of parties who are unlikely to collude to compromise identity. This is not economically practical today, because the exchange order book creates market incentives that naturally tend toward centralization in just a few exchanges with the vast majority of market share.
Pros
- BitShares is the first smart contract platform with built-in support for recurring payments and subscription payments. This feature allows users to authorize third parties to make withdrawals from their accounts within certain limits. This is a convenient way to “set it and forget it” for monthly bills and subscriptions.
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.
