Everybody knows we are no fan of the bitFiat smartcoins. We're huge supporters of bitSilver and bitGold though. bitFiats have no future anyway, since those coins are pegged to fiat currencies.
Bitshares' next step is to remove all reliance on the CEX's for price discovery. It's not a one-day fix of course, it's a weaning over time. Bitshares will start using various other DEX's and Atomic Order Books (aob's) to help with decentralization of price discovery. No more CEX's.
Bitshares has a hell of a lot more to offer than any other blockchain in the world, always has. Smartcoins' price feeds will soon be upgraded, we have zero worries about that.
Compare the DEX's. Bitshares has...
- Lightning fast, fully-confirmed, on-chain transactions with 3 second blocks (1.5 sec on average)
- Full-fledged Decentralised Exchange (DEx) with simple/advanced Trader's Tools
- No KYC bs
- Thousands of coins to choose from and trade
- Free accounts
- Recently blew through 3,300 transactions per second (see blocktivity.info) with over 14,000 ops per second.
- Decentralised order books
- Prediction markets (huge UI opportunities here)
- Multiple block explorers
- Blockchain logins (check out BEET)
- Tons of free api nodes you can connect to
- Supported by multiple Exchanges and Bridges (stealthex.io, godex.io, simpleswap.io, blocktrades, etc)
- User-issued assets and coin factory
- Multiple mobile wallets (check out BiTSy)
- Self-funding blockchain with a multi-million Dollar reserve pool
- Direct-debit options
- Weighted, Hierarchical and Deterministic Multi-signing (Multisig) accounts
- Escrow services
- Cross-chain HTLC Atomic Swaps (no more CEX's!)
- 100% free and open source software (FOSS)
- No counterparty, no middlemen, no permissioned or centralised side-chains needed
- No KYC crap
- Affiliate/referral rewards program with discounts and 80% cashback
- Paper wallets
- Blinded transactions for privacy
- 20+ provably-collateralised Smartcoins/Stable-coins (upgrade n progress)
- Collateralised debt positions (zero-counterparty loans/borrowing of stablecoins (like bitUSD, bitCNY, bitEUR, bitGold, bitSilver, etc))
- Recurring payments (bills, subscriptions, etc)
- Invoicing and payment Proposal system
- Scheduled payments (pensions, employee bonuses, etc)
- Whitelisting/Blacklisting
- Huge open source repositories and Developer community
- On-chain voting (the self-funding blockchain pays the block producers, node admins, developers, marketers, etc. Vote for your favorites)
- Human-readable account names/addresses (nathancustomboats, mobile-papa, bobs-bigboy-52, etc)
- dApp tools and libraries
- Hacking bounties (earn thousands of dollars to find a bug!)
- Decentralised, encrypted messaging
- 51% Attacks are impossible (see exaking.com/51)
- Cold Storage (Ledger Nano, etc)
- ID Theft is impossible
- No f!!kng KYC, ever.
- A robust Point Of Sale network (check out PalmPay.io)
- Stakeholder approved funding for your projects or ICO
- Vesting Balances
- Barter tools (huge UI opportunities here too)
- Timed Transfers
- ..and much more!
KYC is hypocritical crap. I opened a bank account in the US was able to initiate wiretransfers and was issued a visa debit card. This required NO KYC CRAP
I go to buy $5 in Crypto and I get stuck in an endless loop of submitting selfies that get rejected for illegitimate reasons after providing the most intrusive levels of PII imaginable. It ONLY serves as a deterent to adoption!
I want to Borrow and Sell (Short) what has the biggest fall potential, that's why #bitUSD, #bitCNY, #bitEUR, #bitRUBLE, (....) is great idea.
#bitSilver and #bitGold in the long run should go up a lot of slower then #BTS but way more stady