Shit-tokens on the Bitshares Blockchain

in bitshares •  7 years ago 

For every legitimate UIA and legitimate token issuance it looks as if there are 10 shit-tokens.

Just take a look into the exchange.

What is going to be the net result for user experience when "X" amount of Prefix.BTC or Prefix.USD that LOOK like they might be legitimate tokens on an exchange?

Probably a bunch of unhappy, not tech-savvy "crypto folk".

I think Bitshares is one of the founding dex's and to see this type of activity on it is not surprising and I think I have the IT ability to avoid these problematic tokens, but I'm not making this post for me. I don't want anyone to lose out really bad on some crypto-anarchist's scamtoken. But I surely don't believe turning a blind I do think it is wise for places like "Easy-Dex", and "Crypto-Bridge", "Ru-DEX" and "OpenLedger".

People talked bad about OpenLedger creating portals to preferred assets but at this rate it is the ONLY thing ACTIVELY done to address the issue. And for that I tip my hat to Ronny @ OpenLedger @bloggersclub for making a move on that, even if controversial. Perhaps more "pragmatic" approaches can be taken to minimize shit-token exposure.

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