RE: Playing in the Margins: bitUSD and BitShares on Open Ledger by lukestokes
Viewing a response to: @lukestokes/playing-in-the-margins-bitusd-and-bitshares-on-open-ledger
bitshares·@idealist·
0.000 HBDOne thing that I like about Bitshares - and also what makes it so hard to bootstrap - is that there is no artificial incentives or mechanisms that makes it unstable, or which favor a certain group of people . Holders get no interest on anything, there's no inflation, and the required collateral for backing the derivatives is very high. There's no mining just for the sake of mining, just extremely efficient witnesses with some skin in the game. All this makes it a little uninteresting for people used to the 40% collateral on Poloniex (2.5x leverage) and naturally bubbling coins, but at the same time it guarantees long term viability. I'm glad you made the effort to learn Bitshares. I bet you look at the cryptoworld with different eyes now :-)