I am trying to learn more about Bitshares. I do like the idea of decentralized exchanges such as EtherDelta, but I do not know how you can justify Bitshares valuation of $187,000,000. Today it looks like there were $6,000,000 worth of transactions 3/4 of which were CNY. Since China is banning cryptocurrencies, can these assets be seized somehow since they must be held in China somewhere? How are they protected via smart-contract? Couldn't any non-crypto based asset be seized?
Also, the website and CMC APIs seem to be down. Is something wrong?
1. bitshares is more than a decentralized exchange, see 1st image in 1st post
2. it's the fastest cryptocurrency and tokens in existence by a TON, time tested since 2014 - this alone makes evaluation ridiculously low compared to mostly vaporware above it
3. it's self sustaining and the very first DAO in existence before DASH before ETH (also have prediction markets from before)
4. ICO's? It's words easiest way to do ICO's, better than eth and predates eth
5. 15 mil volume today on bitshares platform, 7.8 mil using bitCNY (not CNY)
http://stage.cryptofresh.com/assets6. China can ban and prevent legal fiat-crypto gateways like exchanges, but those who already have crypto will always have them online, like BTC, bts, or bitCNY
7. Decentralized networks don't have assets "in China somewhere" but around the world, they are on every node around the world at same time
8. you don't have to be chinese to use bitCNY. I use it just because it's most liquid.
9. bitCNY value is protected by smart contracts holding BTS coins locked up to make sure at any time if you have bitCNY you can hit
settle and get exactly 1 CNY worth of BTS out of the contract
bitshares can process more transactions in 1-2 hours than BTC or ETH can do in 1-2 years
I don't know anything about coinmarketcap or its api, I do know that it doesn't show the full volume of the dex and missing a ton of pairs. Makes sense perhaps because the dex allows of trading between any two assets there leading to O(N^2) growth of pairs with N assets