Now that's S. Korea FUD issue comes to light, what will we do to solve the Centralize Exchange problem?

in #bitshares7 years ago

In recent days, there was a FUD spreading that S.Korea will ban cryptocurrency exchanges in their country. It crashes the market down to 40% making merely every asset less valuable. Aside from that, Centralize Exchanges are closing their doors to new comers and keeping every new aspiring traders away from their exchange. They say that it was due to the fact that they can't add more user unless they have enough details from their previous users. What I think is they want to control the market for them selves to pump the price before accepting new traders then pulling down every new one along with their greed. But we can prevent this from happening.

Bitshares Network Decentralize Exchange

Bitshares Network is the state of the network decentralize exchange, capable of doing 4.22 TRX/S with an average of 1.5 second confirmation time.

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With this tech, it will be easier for everyone to do and learn trading with available assets in the Bitshares DEX. I know there's less assets available in the Bitshares DEX for now but this will grow when AriseBank migrated their exchange in the Bitshares Network.

By supporting the Bitshares Network Decentralize Exchange, we are also supporting the use of free technology for ourselves and for the new breeds of traders that is willing to risks their assets in the means of trading. Why did I said that this is a free community trading platform. Unlike Centralize exchanges that has huge amount of fee and withdrawal fee, they are like casinos in Las Vegas that wanted to suck the money of the people that wanted to gamble on their exchange. They manipulate prices, hold our money, keep us from withdrawing and most of all sometimes they stole our money telling that they where hacked. With your support by using Bitshares Network Decentralize Exchange, we can stop this from happening, we can invite everyone and adding more assets will be easy because first of all this a community exchange we can vote for more assets to be added. But I can't do it alone we the Bitshares Holders for now can't do it alone. We need your help as a community.

Joining the Bitshares Network is easy, just by buying some Bitshares you can already trade and vote what to implement in the network. This is a community driver platform. And most of all, we don't need to pass any credentials to make an account. WE CAN WITHDREW AND DEPOSIT by just creating an account(not even email address is needed).

If we cooperate as a community, we can make crypto world a better place. NO PRICE MANIPULATION, NO PUMP AND DUMP LEAVING THE NEW TRADERS CRIPPLE FOR WEEKS OR MONTHS, NO LOCKED UP, NO CREDENTIALS NEEDED(We enter the crypto world because of this), AND MOST OF ALL WE ARE FREE AS A COMMUNITY WITH PEOPLE WE VOTE GOVERNING US.

I hope I manage to convince you into joining the Bitshares Network. Let's help each other make crypto community a better place for everyone. Thank you!

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Why do you think Bitshares hasn't caught on yet? It seems like with how functional it is, it should be way way way more popular..

The lack of media appearance is one of the main cost. It will soon change when AriseBank starts rolling out. There's also Zephyr that will soon starts accepting Bitshares in their global remittance services.

Let's hope for the best!

According to one of Stan's latest interviews with crypto connie, there is a lot more businesses to join the Bitshares network this year. They are finally starting to realize that Ethereum can't handle the load... Exciting times! :D

Yet another good article, thanks :)

Nice post beautiful presented and explained. detail oriented with nice information. thank you for sharing

S.Korea has taken proper step to save their money..........

that's pretty cool to know..thanks for sharing..

Not quite sure if I do agree with your assumption on why S. Korea would decide to ban exchanges. I mean, exchanges are somewhat in an early stage, and they might also want to protect their citizens. In some weird way.

It was a FUD they don't want to ban exchanges in their premises, they just wan't to regulate exchanges in their country. Of course all government want their slaves back in their grid,

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