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General Discussion / Re: OIL. Let's get this asset going.
« on: December 11, 2014, 01:38:48 pm »wow...I wasn't aware of bitreserve...Although I would never trust my money and have this centralized counterparty risk
At this point in time, I'm not confident that Bitshares is any more trustworthy or secure than Bitreserve.
Obviously that is where we hope to end up, but the experimental nature of the Bitshares software and the relatively small network are very large risks for the average user, more so than the counter party risk of a VC-funded company in the U.S. You're also likely to get a much better deal on "bitassets" at Bitreserve (in the short term at least).
I think it would benefit Bitshares greatly to open a dialogue with Bitreserve as opposed to dismissing them as the centralized alternative.