[mattbeckman]

This guy doesn't give Bitshares enough credit.

His review from 2014 may hold water in a low liquid scenario, but even for a mildly strong market, it's always been a better alternative than, say, the magically backed world of Tether.

[monochromatic]

Damning with faint praise.

[mattbeckman]

Not really.

He basically says the Bitshares approach is unsound because it requires market forces to be > 0. I agree that you can't have a stable pegged asset when nobody wants to participate in that market. However, if nobody wants to participate, then why do we care about stable pegged assets in the first place.

[monochromatic]

Oh I just meant that when you said "it's always been a better alternative than, say, the magically backed world of Tether," it was pretty faint praise.