BitShares Forum

Main => General Discussion => Topic started by: bitcoinerS on October 23, 2014, 12:16:14 am

Title: Bitreserve: NON-Autonomous BitAsset provider
Post by: bitcoinerS on October 23, 2014, 12:16:14 am
Interesting article at WSJ about a new project called bitreserve which aims to provide something very similar to what Bitshares does with BitAssets (price stability), only these are off-chain "BitAssets" and therefore not without counter-party risk.

http://blogs.wsj.com/moneybeat/2014/10/22/cnet-founder-readies-bitreserve-launch-in-bid-to-quell-bitcoin-volatility/
Title: Re: Bitreserve: NON-Autonomous BitAsset provider
Post by: Method-X on October 23, 2014, 12:28:08 am
Same as Coinapult Locks and Hedgy. In my opinion, Hedgy looks way more interesting. I don't really see any of these as being too much of a threat.
Title: Re: Bitreserve: NON-Autonomous BitAsset provider
Post by: luckybit on October 23, 2014, 12:46:53 am
Interesting article at WSJ about a new project called bitreserve which aims to provide something very similar to what Bitshares does with BitAssets (price stability), only these are off-chain "BitAssets" and therefore not without counter-party risk.

http://blogs.wsj.com/moneybeat/2014/10/22/cnet-founder-readies-bitreserve-launch-in-bid-to-quell-bitcoin-volatility/

A greedy MtGox clone. Also it's by the founder of CNET so it's not making new people rich either but it's the establishment solution.

Bitshares X should position itself as the anti-establishment solution.