We need to be careful about crying "scam" all the time until we take the time to understand the underlying business models and what an issuer is trying to accomplish for her target customers.
We're not in Kansas anymore, Toto, and every innovative digital asset is not trying to be a payment coin.
That means you need to do your homework before you invest in anything. And before you criticize it.
But that homework is much more than superficial arguments about Proof of Manhood or how decentralized something really is or whether the solution is "sufficiently cryptolitically correct", whatever that means.
Serious businesses are starting to enter the space with serious services they are offering to serious customers.
If a serious business is meeting the needs of serious customers then we do everybody a disservice by making the coinmarketcap ecosystem into a never-ending firing range for people who have no idea what they are criticizing or how to fairly evaluate it.
Keep it up and you'll kill off most of the innovation you are hoping to invest in. That, or serious businesses will take their opportunities elsewhere.
*************************************************************************We're not in Kansas anymore, Toto, and every innovative digital asset is not trying to be a payment coin.
That means you need to do your homework before you invest in anything. And before you criticize it.
But that homework is much more than superficial arguments about Proof of Manhood or how decentralized something really is or whether the solution is "sufficiently cryptolitically correct", whatever that means.
Serious businesses are starting to enter the space with serious services they are offering to serious customers.
If a serious business is meeting the needs of serious customers then we do everybody a disservice by making the coinmarketcap ecosystem into a never-ending firing range for people who have no idea what they are criticizing or how to fairly evaluate it.
Keep it up and you'll kill off most of the innovation you are hoping to invest in. That, or serious businesses will take their opportunities elsewhere.
What a coincidence!
Max Wright just released this interview with Dan Larimer on User Issued Assets!
User Issued Assets
A detailed written explanation can be found here:
https://bitshares.org/technology/user-issued-assets/
Once you've pondered BanxShares with these new mind-expanding concepts in your head you'll see that there is much more you can do with crypto than the minds of men have yet to imagine.
My only recommendation is that financial products like this are better off being listed on the BitShares Exchange Network (BEN) as user issued assets rather than as stand-alone coins. On Big BEN they would find higher performance, lower costs, greater network effect, and informed, economically aware people who are looking for lucrative new business models and financial instruments in which to trade, speculate, and invest.
*************************************************************************Max Wright just released this interview with Dan Larimer on User Issued Assets!
User Issued Assets
A detailed written explanation can be found here:
https://bitshares.org/technology/user-issued-assets/
Once you've pondered BanxShares with these new mind-expanding concepts in your head you'll see that there is much more you can do with crypto than the minds of men have yet to imagine.
Just like all the cool things you can do with plutonium.
My only recommendation is that financial products like this are better off being listed on the BitShares Exchange Network (BEN) as user issued assets rather than as stand-alone coins. On Big BEN they would find higher performance, lower costs, greater network effect, and informed, economically aware people who are looking for lucrative new business models and financial instruments in which to trade, speculate, and invest.
Just for a laugh, decided to run the numbers.
Being too lazy to get the calculator out, I estimate total BANX trading on Banx.io at around 13 BTC / $3250 over the last 24 hours.
CMC shows 62 BTC / $15,500:
http://coinmarketcap.com/currencies/banxshares/#markets
Er....anyone got a sane explanation ?
Being too lazy to get the calculator out, I estimate total BANX trading on Banx.io at around 13 BTC / $3250 over the last 24 hours.
CMC shows 62 BTC / $15,500:
http://coinmarketcap.com/currencies/banxshares/#markets
Er....anyone got a sane explanation ?
How about most of them are HODLers in the underlying asset so they can get a piece of its profits instead of a piece of its appreciation? Such assets don't trade that much, especially if they belong to private shareholders of a real company.
Again, expand your thinking about the kinds of things transparent ledger technology is good for.
Watch the 5 minutes with Max clip again and again until...
Swift kick.......love the [ANN], btw:
https://bitcointalksearch.org/topic/ann-banx-capital-joins-bitshares-exchange-network-1097350
Any actual news to report ?
https://bitcointalksearch.org/topic/ann-banx-capital-joins-bitshares-exchange-network-1097350
Any actual news to report ?
Seeing two Top Ten assets share one industrial grade blockchain: Nice!
Seeing four exchanges partnering to produce a market bigger than their individual stovepipes: Very Nice!
Realizing that your own coin or exchange is welcome to join the same party: Priceless!
Yep, I like that.
