Re Exchanges : openledger was only slightly clunky, interface-wise. Managed to trade some BTC for 500 steem, so as to get a voting sliding bar. It's a decentralized platform, by my understanding.
Re Exchanges : openledger was only slightly clunky, interface-wise. Managed to trade some BTC for 500 steem, so as to get a voting sliding bar. It's a decentralized platform, by my understanding.
Yes, unfortunately it would need a lot more volume to be noticed by a wider public... and a wider public is needed to get there more volume...
Tried it and Openledger sucks as far as steem and sbd is concerned - liquidity is very limited and sometimes hardly available so spreads are significant and on the top of that they tend to switch off funding interface at the most inconvenient (for the user) time without any prior warning. This means that you might get stuck there with your tokens and loose money in the process. Liquidity and fast transfers in and out of the system are key factors and Openledger fails on both counts in my opinion.
As "bad" as openledger is, you have an alternative in the bitshares ecosystem. It's called Rudex. Even less liquidity, but nevertheless you can get in and out if one of them fail. The problem with little liquidity is lack of patience in my view, wherein lies opportunities for us with patience.
Use the service you like. But be fair when judging.
I did not say that is bad in general but as far as steem is concerned. If you limit yourself to BTS and more liquid markets then it's ok. But my experience with openledger & steem was a big disappointment.