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RE: ICONOMI is Doing what Bitshares Was Supposed to do
But as an investor BitShares gives me the ability to track as asset with no counterpart risk. I don't have to rely on someone else keeping their word.
Counterparts risk is huge today with bail-ins along with the fraud that's seemingly everywhere - how about Wells Fargo last week?
I agree with you that the yield went away, but a truest decentralized exchange is still huge.
Completely agree with no counterparty risk with Bitshares. But the ideas never took off in the marketplace. ICONOMI has a shot, even if centralized. We'll see how it performs.
Also, don't call Bitshares a decentralized exchange. It is not. It doesn't do any real asset transfers, it is just a tracking mechanism, similar to CFDs in finance. We need true decentralized exchanges in crypto, not the variety Bitshares provides. Bitshares has a lot of value though, and I am a big fan, don't get me wrong.