Bitshares DEX
This is an image of the New York Stock Exchange. The undisputed dominant forum for commerce in the 20th century
Notice something? No humans. This is the future.
Bitshares is an unstoppable exchange because it leverages innovative technology at an ancient problem - the secure exchange of goods and services. Today the Bitshares platform processes tens of millions in nominal USD value. This year it will process more than one hundred million within 24 hours and that is only the beginning. Decentralized exchanges are important because in the future they will process more value than the above trading floor while minimizing risk of loss.
Most important it will open the opportunity for a global financial community. This technology offers anyone access to incredibly power financial tools. The tools to become market participants. And the technology to facilitate the interaction of a global population. The world gained a glimpse of this potential with the "Gilded Age" or the brief era prior to World War 1 when the entire world was on a de facto gold standard (regarded as a golden era before the ultimate mismanagement of global wealth resulted in depression). That system itself became prone to centralization by banks and governments (gold bullion vaults). Bitshares and its progeny offer another route. A route I think will assist the millions in becoming market participants. With bitshares smartcoins anyone can control the equivalent value of 100 oz of physical gold -- Decentralized. Does anyone else share my excitement for the future?
Cryptoassets in general may have some extended negative price action ahead in the short term but the fundamental value being built every day is surprising. The future is bright.
As you state that ' anyone access to incredibly power financial tools'. This something that comes along with decentralization. When we discuss decentralization we tend to discuss it being less susceptible to fraud but the point you make is not given enough weight in the discussion.
When a decentralization reaches it's supposed critical mass and I think this would be point where people and society would notice it in susceptibility to deception and fraud, people will flock towards the idea en mass.
In modern society we are all worried about our financial security and for a past few decades people are gradually realizing that the biggest financial threat to their wealth doesn't come from outside forces. It is overwhelmingly the flaws within the system that are exploited to be used against their wealth. With this realization comes the knowledge that safety of the system can be guaranteed by taking out the human element, if not completely then at least from the vulnerable positions. whether this is good or bad for employment is a debate for another time because the statistics by far favor the decentralization
@hashcash I agree. Security is a given with these new tools. Less known is how these tools can increase financial inclusion.
The traditional financial markets have been trending the other way. Just observe the past decades incredible rate of corporate share buyback. Consider this chart.
At this rate there will little left of US equities accessible to the average investor. BTS is a step towards a more fair and egalitarian financial world.
Wow this is the first time I have taken a look at this chart. It just goes to show the need for a fairer system. BTS definitely shows the potential in that direction.
Why it is not increasing @jhon-robert?? In the chart we are showing that it is going down day by day. what's the matter??
Because companies buy back their own floating stock with borrowed money on unsound money.
Bitshares are indeed the future and would be a major coin equivalent to Bitcoin and Ethereum. Bitshares deals in variety of services and by looking at it's speed of transaction, I am pretty sure It will be huge in near future. People need to understand it's importance because of it's diversifying nature.
If we look at whaleshares on Steemit, it is also built upon Bitshares protocols. And we already know more and more people are using Whaleshares on Steemit to get exposure. So it is like Steemit success is parallel to Bitshares.
Whaleshares is great also. All of these tools are going to work together well in the future. It will be exciting.
The ignorant strikes again...What is a whaleshare?
It is an upcoming platform similar to steemit. With a more equitable distribution of value.
By the way. I have been getting the itch to pick up some more silver. Spending a lot more time thinking and browsing for them if that is any indication haha!
Good idea! Everything is pointing to a great silver surge. Why do you think JPMorgan has 140,000,000 oz in their vaults?
Although it is a large platform, there are many countries where people are worried about BTC exchange. Especially in some small countries in the Asian continent. There are many countries where PayPal, Paiza,Pioneer is not allowed to open coinbase account also. It is very difficult to earn online from these countries. I think that with New York, almost every country on the continent of Europe is much ahead - in this way. What are you want to say about it @john-robert??
Are you watching closely on the development? I just found this article about trading view charts being implemented. It's been announced a while ago but it finally seems to be happening. It's great news for the platform.
Yes great link. I am glad to see it.
I'm really looking forward to this, as the Bitshares UI is one of the things holding it back from taking off.
@tim3w4rp thank you very much for this link. Hope that you will stay with us for sharing these good information.
What is wonderful with Bitshares is you have the opportunity to invest in pegged coins like Gold, Silver, USD dollars, and replicate their value.
Another important aspect, you are always in control of your fund!
Good postings @john-robert, sophisticated electronic tools, I like your posts, good luck always my brother ..
Dont forget that Steem and Bitshares handle 70% of all the transactions in the cryptocurrency world and yet they are rouhgly 0.4% of total crypto market cap.
This will change in the future!
Nice post @john-robert A very good picture makes our mindset better for better and better yet, I love it. thank you @john-robert
Good postings @john-robert, sophisticated electronic tools, I like your posts, good luck always my brother ..
Wow keren dan canggih @john-robert