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RE: LocalBitcoins is No More Secure, Will This Help Bitshares ?

in #bitshares7 years ago

No. Bitshares will not see any increase in activity due to Local Bitcoins new policy. Reason being is Local Bitcoins is an online hookup for fiat/btc relationships. bitshares is not. none of the decentralized exchanges will be either. you gotta have bitcoin already to enter bitshares, or EtherDelta. So most likely Local Bitcoins will either pop up on the Dark Net or EOSIO when it goes live in June. It's just a hookup site. The actual transaction doesn't go through their system. It goes through the bitcoin network. Just my two cents!

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What you said actually makes a lot of sense. I'm still bullish on BitShares though but more so on EOS because I think we will see and application like BitShares on top of EOS pretty quickly after launch.