https://bitcointalksearch.org/topic/pirate-v20-unravelling-the-bitshares-ponzi-298677
Bitshares is a ponzi. If something sounds to good to be true (e.g. riskfree interest on your bitcoins), it probably is.
Ignore history at your peril. People bought into pirate to the tune of hundreds of thousands of btc. They were warned by many (including myself) that pirate was most definitely a ponzi. Greed and stupidity triumphed as usual. Look forward to watching the same cycle play out with bitshares.
For details on how the bithsares ponzi operates, see the linked thread at the top.
WARNING: The scam is complicated. You will need an undergrad degree in economics to keep up. If you can't follow the thread, play it safe and don't invest in a 'product' you don't understand. If you can follow the thread, prepare to learn about a complex long con.
Topic: BitShares P2P trading platform to offer dividends on bitcoins (Read 2116 times)
This can be huge.
Official Announcement Thread: https://bitcointalksearch.org/topic/announce-project-quixote-bitshares-bitnames-and-bitmessage-279771
edit:BitFund founder Li Xiao lai is a director of Invictus.
As this thing is backed by Bitfund.pe, I'll be keeping an eye on this one. The Bitfund.pe group apparently includes a few large Coinbase investors and even a couple BitFountain (founders of ASICMiner) individuals.
Sound like a new crytocurrency but with better design and planning.
But will it be premined a lot before letting public to mine? That could be an important question.
But will it be premined a lot before letting public to mine? That could be an important question.
The article mentions that it will possible to buy gold and usd backed assets. How coukd you possibly trAde gold over a p2p trustless network? I like the idea and it sounds interesting, but i definatly have some questions
I think this is what Ripple founders wanted Ripple to be.
This sounds like a (far) better Ripple to me.
Interesting.
This sounds impressive.
http://www.coindesk.com/bitshares-p2p-trading-platform-to-offer-dividends-on-bitcoins/
http://www.coindesk.com/bitshares-p2p-trading-platform-to-offer-dividends-on-bitcoins/
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