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RE: OPENLEDGER: THE MOTHER OF DECENTRALIZED EXCHANGES
Thank you for the interesting info, but there are certain things I don't fully understand yet..
I started using openledger bitshares a while ago and not so long ago I registered for withdrawels to my bank account, for this they ask my ID and a document (i.e. electricity bill,..) assigned to my adress to prove my residentie. How exactly is this anonymous? I don't understand why I need to prove my residentie for this.. if I am homeless I have no chance of getting money out bitshares.. that doesn't seem fair against the homeless people or am I missing something here?
Another thing I don't fully understand yet is open.btc, open.eos, open.eth,...
Aren't they the same as buying bitcoin on bittrex or other exchanges? By this I mean IOU's.
Hey @mitchesfoodrace,
Sorry you had to go through that.
I guess its necessary that they verify your id when they want to send your coins to your bank account. What if someone else hacks your account and asks for the money? Also remember that there's a 3rd party here in this transaction. The banks.
Open.eos etc are not IOUs. They are yours because you have access to your private keys for each wallet. Yeah. They are the same as BTC and EOS.
I hope I did justice the your questions. Keep steeming. Cheers!
#AIR-CLINIC
Thanks for your reply @nairadaddy, it makes sense what you say, I am very glad bitshares is here for us. Besides my doubts I had it is still a very nice platform, I like it much more then bittrex.
Let's hope it is not hackable...:)