Is Bitshares a "trustless exchange"?

Started by kripeecakes, August 26, 2014, 05:14:17 PM

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bytemaster

#2
August 26, 2014, 05:18:01 PM
Yes... you only have to "trust the market consensus" and trade accordingly. 
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

kripeecakes

#1
August 26, 2014, 05:14:17 PM
I have been reading some of the posts about how Nubits is attempting to become the first "trustless exchange".

From what I gather, it seems this has been achieved with Bitshares with the BitUSD option trades ...

Trustless exchanges eliminates "negative volatility" or reduces it by zeroing out internal exchange manipulation.

External "bad actors" can not be eliminated.

thoughts?
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