Quote from: iamnotback on June 26, 2016, 06:31:48 PM

Quote from: brekyrself on June 15, 2016, 10:55:52 PM

Why does no one use the BitShares Exchange DEX?

Because we are just fools:

Quote from: iamnotback on June 26, 2016, 06:27:26 PM

It seems that a corrupted exchange is an essential ingredient for pumping a crypto currency to $billion nosebleed mcaps, so apparently not only is demand being created out-of-thin-air using margined coins the insiders deceptively obtained from the ICO by buying from themselves (taking out a BTC loan and paying it back after the ICO)...

...but likely also that some high volume exchange is also creating tokens literally out-of-thin-air and is another Mt.Gox or Cryptsy waiting to default when there is a run to withdraw.

A likely essential ingredient in BitCON's rise from $10 to $1200 was because Mt.Gox was creating coins out-of-thin-air and handling most of the BTC volume, so this provided more coins for everyone to leverage and create fake demand with.

So this huge pump in ETH likely means another high volume exchange will end up stealing all your coins again soon.

The way this criminal enterprise crypto-currency enterprise works is that the insiders create tokens out-of-thin-air on the exchanges, then when the ponzi scheme implodes, the "hackers" or owners of the exchange are blamed instead of blaming the real manipulators behind the curtain.

We apparently have criminal gangs in the crypto-currency ecosystem. The DAO attacker says the UGGovt + MIT/Cornell universities are complicit. Others say Goldman Sachs is in this. Probably also Russian criminals, etc..

That is likely why there is no enforcement from the SEC. Because the SEC is owned by the criminal gangs.

Nothing has changed! We have not defeated fiat. We have not defeated the same banksters bastards who are always enslaving us.

We're just fools.

Thanks for the links and discussion. I still can not for the life of me wrap my head around the "volume" of alt coins traded recently. With no transparency into these exchanges, we have no idea what is going on behind the scenes. I'll put dollars to doughnuts there is more then meets the eye.

This is another reason I like how the dex is trying to flip the 3rd party exchanges into becoming gateways instead. For example, if you look at the user issued asset from the gateway OpenLedger, open.BTC, you can see this in action. https://bitshares.openledger.info/#/market/OPEN.BTC_BTS They make the 0.2% fee exchanging bts to and from open.BTC. From the wallet you can then withdraw open.BTC and receive BTC. This would make exchanges compete for your business via fee's charged, liquidity provided, and assets offered. Also, say one of these gateways went bust while you hold their UIA, another gateway can step in and accept that IOU as you are still in control of that asset.

On the other hand, do you feel government regulated exchanges will help or hurt blockchain technology? Positive is less (not zero) bs going on behind the scenes. While it may go against the financial freedoms blockchains seek, short term it would help the average Joe get in and out of the market.