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Technical Support / Re: The way how gateways should work.
« on: November 03, 2015, 01:53:05 pm »
It would be nice if someone would explain the whole concept(s) of "gateways" because up until recently I thought of it only as a way to get BTC converted to BitShares BTS and "Smartcoins" but now it seems that they are also used to store IOUs for the "real" BTC/ETH etc...in your Bitshares wallet which are supposedly redeemable on their respective exchange (counterparty risk I guess if you hold it in Bitshares for a long time) for real BTC/ETH.