expert reviewed cryptocurrency BitShares logo

BitShares

Bitshares is a decentralized cryptocurrency built for financial smart contracts.

Decentralized computer

๐Ÿ’ฉ 0%

Reviews for BitShares

๐Ÿ”‘ 0 positive | ๐Ÿ’ฉ 4 negative

๐Ÿ’ฉ

BTS offers much more than just a cryptocurrency, but has essentially collapsed under its own weight of complexity and lack of compelling use cases. BTS has lost much of its smart contract market share to Ethereum.

2017-09-25 | Full Review

๐Ÿ’ฉ

Typical of BitShares/Steemit: all the insiders make the money. It's a permissionsless pyramid scheme, the scientology of crypto. The higher you are on the ladder, influential, and the more familiar with obfuscated incentive patterns, the more rent you can covertly extract.

2018-06-24 | Full Review

๐Ÿ’ฉ

Everyone with a brain saw the dynamics of [delegated proof of stake] and understood [the formation of cartels] would occur. We now have lots of good evidence from Steem, Lisk, Bitshares. DPoS is not a new form of governance, but a very old one โ€“ a feudal protection racket.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-06-05 | Full Review

๐Ÿ’ฉ

The high degree of collateralisation and attendant risks participation in the [Bitshares] ecosystem requires means that returns have to be astronomically high to justify such participation, levels of returns really only seen in very limited circumstances. Iโ€™m forced to conclude that the only way BitShares makes sense is in the context of asset price speculation on the BitShares themselves.

2014-08-17 | Full Review

Decentralized computer comparison

See how BitShares compares with other decentralized computer cryptocurrencies.