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General Discussion / Re: A few questions about BitShares
« on: June 19, 2017, 05:42:56 pm »
Quote from: yvv on June 19, 2017, 03:36:05 pm
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Ok, this is bad, this means that projects like Blocknet are far superior, because there you can trade cryptos directly.

Can you? Is it operational exchange or something in development?

Yes, also BitSquare.io

Works fine and needs no token

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General Discussion / Re: A few questions about BitShares
« on: June 19, 2017, 02:16:15 pm »
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You cannot trade any (crypto)currencies directly.

Ok, this is bad, this means that projects like Blocknet are far superior, because there you can trade cryptos directly.

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* SmartCoins aka Market-Pegged Assets - these are loosely coupled to the external currency they represent, see Question 9

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SmartCoins in BitShares rely on an external "price feed". The owner or issuer of a SmartCoin can specify a number of trusted users who are allowed to publish the external price of the token against its underlying asset. Typically, SmartCoins are owned by the committee, and the price feed is published by the witnesses (who also sign the blocks).

So ti is centralised and requires you to trust a party? So it is not trustless, not decentrilised and not censorship resistant, correct? These parties can censor and alter data, correct?

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General Discussion / A few questions about BitShares
« on: June 19, 2017, 10:52:50 am »
Hey guys, I have a few questions about BitShares:
1) Which cryptocurrency pairs can I currently exchange via BitShares?
2) what incentive do nodes have to run the BitShares platform?
3) How does Bitshares compare to Blocknet?
4) How does BItshares compare to Bancor?
5) How does Bitshares compare to Ark project?
6) Can I exchange crypto for crypto directly or do I always have to buy BitShares unit?
7) If no, why can't you make it so I can exchange crypto for crypto directly?
8 ) How does liquidity work in the BitShares exchange?
9) How can a censorship resistant, decentrilised exchange like BitShares determine the USDT tied value? How can it be done? How technically blockchain can determine what is the EUR or USD value? It has to take data from someplace, right? So if it is not centralised, how is this data received to the blockchain?

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