But BitCNY on AEX is traded on their own platform, not utilizing the Bitshares DEX right?
RE: BitShares Smartcoins: AEX bitAssets added to CMK
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BitShares Smartcoins: AEX bitAssets added to CMK
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it is, bitCNY must be shorted on bitshares to generate supply
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In theory they could issue more tokens then what exists but they screwed if many people withdrawal at once, and they would have committed fraud.
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but you can audit their bitshares accounts/wallets. so fractional reserve can't stay hidden long
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Yes, someone volunteer and do the audit on a monthly bases, perhaps we can should propose this to the bitshares community?
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