Topic: BitSharesX -- out of nowhere? - page 5. (Read 5811 times)
Bitshares is a good project, stamp of approval here.
The short answer to your question is Daniel Larimer is a genius.
The long answer is they actually held the fund raiser for BitSharesX back in February and they've been working on it since & it was released July 20th then they added BitAssets and they've been fine tuning that. Now it's a lean mean machine ready to take a shot at the title.
It has DPOS which is like POS on steroids and more importantly they have BitAssets which completely solve the volatility problem. You can store the value of a dollar or gold in a completely decentralised way backed by 300% collateral that also pays interest. So sick.
On Nov 5th they merged into one BitShares, so the X should disappear soon. They also have some kind of big marketing push in the pipeline. (It hasn't been marketed at all yet, so get ready for lift off...)
The downside is they've also introduced dilution/inflation starting Nov 5 of up to 8% a year. It's less than Bitcoin and it's directed by shareholders via delegates for development, marketing & charity etc. Ofc a lot of people don't like inflation at all so we'll have to see how that all plays out.
(No the devs aren't Chinese, but they have big Chinese support they lost some with the inflation issue though.
One dev at least is Chinese, 'HackFisher' I think but he's based in the US with them I think and he's been working on BitShares PLAY)
The long answer is they actually held the fund raiser for BitSharesX back in February and they've been working on it since & it was released July 20th then they added BitAssets and they've been fine tuning that. Now it's a lean mean machine ready to take a shot at the title.
It has DPOS which is like POS on steroids and more importantly they have BitAssets which completely solve the volatility problem. You can store the value of a dollar or gold in a completely decentralised way backed by 300% collateral that also pays interest. So sick.
On Nov 5th they merged into one BitShares, so the X should disappear soon. They also have some kind of big marketing push in the pipeline. (It hasn't been marketed at all yet, so get ready for lift off...)
The downside is they've also introduced dilution/inflation starting Nov 5 of up to 8% a year. It's less than Bitcoin and it's directed by shareholders via delegates for development, marketing & charity etc. Ofc a lot of people don't like inflation at all so we'll have to see how that all plays out.
(No the devs aren't Chinese, but they have big Chinese support they lost some with the inflation issue though.
One dev at least is Chinese, 'HackFisher' I think but he's based in the US with them I think and he's been working on BitShares PLAY)
I was away from crypto for a while and now it seems like BitSharesX came out of nowhere to land in the #4 spot on coinmarketcap and it seems to have a long list of features. How did the project mature so quickly?
I read somewhere that it has a Chinese affiliation somehow. Are the devs Chinese?
I read somewhere that it has a Chinese affiliation somehow. Are the devs Chinese?
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