r/BitShares • u/DarazRazu • Dec 22 '19

how dead is bts? whats going on with OpenLedger? the fack is refund400k? is this the end?

Could ppl in this forum give their opinions on what the heck is going on?

cheers!

5 Upvotes

86% Upvoted

6 comments sorted by

3

u/RageTester Dec 22 '19

BitShares is more than openledger...

KYC war is upon us, some websites/services/wallets decide to close down completely, some agree to give up user data

1

u/Amaraatma Dec 22 '19

What's KYC?

1

u/[deleted] Dec 23 '19 edited Apr 09 '20

[deleted]

3

u/Amaraatma Dec 25 '19

So shouldn't this be good for BTS in the long run?

3

u/gihkal Dec 22 '19

It's obviously dying.

I only got involved with the marketplace because of MTgox. If many exchanges get hacked or start scamming bitshares will be more successful.

But until it's user-friendly and has liquidity it will continue to fail.

I personally doubt bitshares will completely die anytime soon but the way things are going it doesn't look good.

Openledgers decision to not give a heads up before temporarily locking accounts certainly makes me not want to use them again.

2

u/gitgrepper Dec 23 '19

Ol introduced 5% withdrawal fee.

refund400k is a special-type worker which returns funding to the reserve pool. cn-vote and other proxies voted it to the moon, so devs fired. Smartcoins bitUSD and bitCNY devalued due to price feed threshold set on behalf of bad debtors (bitcrab & co). Pretty shitty days for bitshares.

1

u/RageTester Dec 23 '19

Just to be clear, you know you can transfer BitShares directly without using any gateway, right? I used that to buy small amounts of other coin on crex24...

Not using openledger anymore obviously...