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RE: Introducing Prism: a crypto portfolio platform built with Ethereum - How smart contracts can allow a token economy to flourish. Is it worth the fees?
How is this different from Bitshares Smart Coins? Seems like Prism already has a competitor that's been doing the same thing for years.
Great question, I'm not an expert in BTS but I will do my best here. SmartCoins on BitShares are collaterized assets, trading leverage on one end for stability on the other. AFAIK, BTS does not support the same controls that Prism is offering. Only pegged assets like bitUSD and bitGold. Prisms are backed in ETH collateral but can give exposure to portfolios of many different asset combinations.
Also BTS is not Ethereum and the implementation of Prism in the form of smart contracts is much more flexible than BTS
Still sounds like Bitshares. Have you checked into User Issued Assets?
https://bitshares.org/technology/user-issued-assets/
I would say first off, no KYC or anything of the like on Ethereum or Prism. The bitshares model supports stable assets on the blockchain - this is different from prism where portfolios are not stable assets, they simply give the holder exposure to markets other than ETH.
This is very different from what BitShares is offering. Plus it is on Ethereum.