RE: Shapeshift launches an altcoin portfolio wallet

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Shapeshift launches an altcoin portfolio wallet

in money •  8 years ago 

Shapeshift is brilliant. Can't wait to use this new platform!!

money
8 years ago by

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      ·  8 years ago 

    This is not trustless by definition. You have to trust ShapeShift. They are "holding" your portfolio assets for you... or are they? You can't hold bitcoin in a smart contract on ethereum. ShapeShift is just promising to pay you back when you close your fund. What if they don't have enough resources on hand? what if they go out of business? Too much risk for me. The fact that they would bill this as "trustless" shows how dishonest they are.

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        ·  8 years ago 

      this is litteraly catering to laziness. build your own fund. track it with an excel spreadsheet. That's what I do. these cryptos are divisable to tiny tiny ammounts. you could create a diversified portfolio with $10

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