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RE: Bitshares - State of the Network - 1st October 2018
Isn't this the whole point of Bitshares though? Highly optimized smart contracts on a scalable single-layer blockchain? Crypto is run by the news sites right now. All of them are invested in Ethereum and its tokens. Someday though, they're going to have to report on Bitshares. I think that day will be soon.
That may be the case. But there are multiple parts of an effective implementation. Developers may be good at developing, but not running a company. Effective implementations take multiple parts, there is both the law and the implementation of the law. I agree news sites are running crypto. That news though is on a fast news cycle overshadowing solid research and steady enforcement. Hmmm. Let me express it this way. Everyone knows that Mexico has a reputation as an unsafe place with drug wars, gangs, and corruption. I am not an expert on Mexican law, but I would generally suggest that "Mexican Laws" are "good enough." It is the "enforcement", "the following," and "the implementation" of the laws that is lacking. (I note that these get to be really complicated issues, you have community corruption, political corruption, untrustworthy courts, untrustworthy police ect. There are ways to address all of these but they are not simple, fast and quick.) Generally, I think crypto has good ideals, but it is the community and people that are allowing the frauds and scams to continue. Until the people Mexico stand up and fight with the police against the gangs, it will be a rough place, until the people of Crypto stand up against the scams, good honest people are simply going to avoid it.