Showerthought: What means a potential Ethereum Fork for BitShares?

ash(74)
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If Ethereum forks, which is willful censoring of a Blockchain, what does it mean for future pegged currencies on Ethereum?

Can you trust it?

No, not in my opinion. A crypto-currency must be immutable, else it's not better than FIAT.

In the end, BitShares Pegged Assets could step up as a better alternative, if marketed correctly.

Example BitGold (BitShares):

  • immutable
  • Pegged Value to Physical Gold
  • close to zero Fees
  • no demurrage (Physical Gold Fault)
  • no fractional reserve, BitGold is fully colateralized (200%)

#todayilearned - How to give Birth to BitGold

Would you trust a pegged currency on Ethereum in the future if they decide to hardfork now?


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Showerthought: What means a potential Ethereum Fork for BitShares? | Ecency