RE: BitShares – This Could Be It!
I agree with you @cryptographic . I think this is the bottom . We should take advantage of this crypto sale .Decentralized exchanges are the future . This will prevent us from hacking like MtGox , Btgrail etc .
The traditional way of buying and selling cryptocurrencies on an exchange is to convert your coins to and from fiat currency. This means that every time you want to buy or sell cryptocoins, you lose the anonymity inherent in the cryptocurrency and blockchain platform.
While centralisation is understandable (exchanges have a need to tie cryptocurrency prices to real-life assets like USD or gold), there is also the need for a more decentralised, anonymous system, and that’s where BitShares comes in.
The BitShares blockchain platform allows users to convert their cryptocurrencies to stable assets by converting those coins into another cryptocurrency whose value is pegged to a real-life asset (for example, BitUSD is tied with the value of USD). This has quite a few advantages over regular exchanges (and some disadvantages as well), as we’ll see in the next sections.