BitShares Forum

Main => General Discussion => Topic started by: VoR0220 on May 15, 2015, 05:03:44 am

Title: Quick question: If Bitshares wants to be the first decentralized bank...
Post by: VoR0220 on May 15, 2015, 05:03:44 am

If bitshares wants to be the first decentralized bank....why is it not employing the use of Blocknet? Seems completely and utterly rational to allow for the trading of other cryptocurrencies utilizing this technology. The pegging means that that makes Bitshares ultimately the central hub in a decentralized network...working side by side with Ethereum is a plus.

http://cointelegraph.com/news/114228/blocknet-adding-ethereum-to-suite-of-supported-currencies

Title: Re: Quick question: If Bitshares wants to be the first decentralized bank...
Post by: xeroc on May 15, 2015, 07:19:00 am

I personally would like to see how well Ethereum performs first?

Title: Re: Quick question: If Bitshares wants to be the first decentralized bank...
Post by: testz on May 15, 2015, 08:55:16 am

Quote from: xeroc ¯\_(ツ)_/¯ on May 15, 2015, 07:19:00 am

I personally would like to see how well Ethereum performs first?

Yesterday I try Ethereum olympic pre-release:
https://www.reddit.com/r/ethereum/comments/35x8g5/the_great_olympic_info_sticky/

It's much worse even than BitShares early dry run, but hopefully we will see at the end something useful.

PS: I hear some rumor that Ethereum will be released without GUI (only CLI) hopefully it's not truth.

Title: Re: Quick question: If Bitshares wants to be the first decentralized bank...
Post by: VoR0220 on May 15, 2015, 02:36:18 pm

testz, no it's 100% true. They will release only command line. But Rome was not built in a day. This is a very abstract and complicated concept they are trying to implement. So long as it's capable enough to work as a decent backend currency (ie like oil to a good machine) then it should work just fine.