What is Bitshares?
Bitshares is an industrial-grade blockchain machine that is now using the words "financial smart contract platform" because that is the cool thing to do now.
Now what this means, is that Bitshares 2.0 (not 1.0 that was different)is a very focused development platform (that nobody uses)to create financial blockchains and smart contracts that nobody knows what to do with and have no proven use in the wild. This might seem familiar if you've heard of Ethereum before that is because the bitshares sheep follow the money.
Why Bitshares is not Ethereum
Both Ethereum and Bitshares 2.0 (not 1.0) are development platforms to build de-centralized blockchain applications that nobody has a use for. However, Ethereum brings together both a crypto ledger and a Turing-complete programming language, which is a language that can be used to simulate any other computer language so that you can write smart contracts that defraud other smartcontracts making the whole system useless. You might have heard of the recent "hardfork" event where they just hit reset. Let's just say Ethereum lost a lot of fans because of it and tehy should all buy bitshares now.
It comes with a standard code base to support asset exchange businesses, a referral rewards (PAID SHILLS)program, price stable and pegged cryptocurrencies that will collapse like nubits with the right market conditions, a collateralized bond market that the CFTC is really in love with, etc. All these built-in features make it a lot more appealing to banking and trading companies since they dont need this and can just use a database. It is easier for financial institutions to consider a Bitshares 2.0 platform, as this platform supports a number of key financial use cases that banks do not need.
What does Bitshares have to do with Steemit?
Bitshares fizzeeled out so steemit is here to pump it up. Simply put, Bitcoin is seen as version 1.0 blockchain technology, Ethereum is Bitcoin 2.0 and Bitshares is blockchain 3.0 we just decided to do this since our master BYTEMASTER said so.
Both Steemit and Bitshares, as well as the underlying Graphene™ technology, have been created by our beloved devs, @ned and @dan ! BELOVED , HAIL BITSHARES!
Now you understand why you should probably look into Bitshares ASAP and go ALL IN, as the Steemit revolution will have its effect on Bitshares as well all the people that have funds stuck in steemit will be happy when the system collapses. Made profit from steemit, pump it up in bitshares! No RISK!
Where to go from here?
BUY BITSHARES ON CENTRAL EXCHANGES!
UP VOTE SO I can BUT SOME BITSHARES
COMMENT SO I CAN UP VOTE YOU TO BUY BITSHARES
WE ALL ARE BUYING BITSHARES
HAIL MASTERS
HAIL BITSHARES
Nice post. Lets buy Bitshares!
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