Why you should begin to look at Bitshares, Steemits' older brother

in bitshares •  8 years ago  (edited)

Ofcourse you are now a Steemerian or Steemian, but have you heard of Dan Larimers
previous project called Bitshares. Bitshares is a project you should be aware of because
if Steemit is for the blogging community, Bitshares is for investors, business people, traders and other
business focused people.

Why is that? Well Bitshares always you to crowdfund. Bitshares has something called a "User-Issued Assets." Basically you can bootstrap a project on Bitshares and receive donations in exchange for your tokens.
In simple terms, you can make your own investment fund, or receive project capital. Right now a company called
CCEDK is building out Bitshares for people to crowdfund. You can go to https://www.ccedk.com/ for more information on their own tokens or contact [email protected] to get them to crowdfund your token. There is a payment involved to CCEDK but its not huge, and that is if you want them to help promote your token, you can always build your token yourself.

Bitshares also has "Price-Stable Cryptocurrencies" or "SmartCoins." You can hold US Dollars, Yuan, or even Gold backed by Bitshares. This means if you want to hold real world currencies with your crypto dollars or Steem Dollars you can. It perfectly complements your Steem holdings. Right now there is a few Bitshares mobile wallets being done by http://www.bitshares-munich.de/ or Moonstone.io to be able to make transactions directly with your Bitshares or US Dollar backed Bitshares.

So if you want to raise money for an online or offline project or hold real world currencies you can go to Bitshares to help what your trying to do.

Bitshares is also almost instant, much like how Steem is. Transactions are processed very fast, in about 3 seconds, and the network can process 100,000 transactions a second if ever needed.

Also Bitshares has transaction fees at about 0.1%. This is unheard of in the real world where Visa charges 0.8% to 2.5% for merchants depending on the country. Transaction fees can be as low as 1 cent. This can help for micro-transactions.

Here is some secret information. A lot of Steem Whales are Bitshares holders. That means if Steem succeeds you better believe the Whales will make Bitshares go up, and go up big. There is already talk in Bitshares groups about reworking some aspects of Bitshares to make Bitshares as great as Steem.

For more information on Bitshares go to http://www.bitshares.org

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Thanks for putting everything so succinctly. I only downloaded BitShares yesterday. The interface is beautiful. Actually the whole thing is very refined. Bitshares on the up and up the last 3 months. Hopefully that trend continues.

I wonder how long it will take before it stagnates. Hopefully it doesn't go up too much before I have the chance to purchase some steem power.

Do it. It's cheap and early.

  ·  8 years ago (edited)

I'm broke and my pay is next week unfortunately. Obviously it won't be too late. I wish I got in earlier though.

If you're broke you might not want to lock your money away for 2 years...

how much is cheap?

For BitShares? Anything under a couple of cent IMO. Right now its like half a cent.

Check out new service i just released that might be useful :) Show some support!
https://steemit.com/steemit/@cryptotony/steem-link-first-steemit-short-url-service-with-bunch-of-features

I have held bitshares since day one.

Check out some of my videos here to learn some really in depth stuff about bitshares, Daniel, the blockchain, and the future.

[Video Interview] Daniel Larimer: Philosophy Of The BlockChain

https://steemit.com/blockchain/@michaelx/inside-the-mind-of-daniel-larimer-where-can-blockchain-technology-take-us

  ·  8 years ago (edited)

bitshares is great and will soon be a success, I already bought some.

Here i put all the best STEEM links in 1 Place check it out
https://steemit.com/steem/@nioctib/best-steemit-links

Great points and thanx for the mention teamnearandl :) Definitely Upvoted!

Thats why I have faith in Steem so far. If Steem were to fail it would look very bad for BitShares as well since he created that too. So far everything seems to be going good AND this is potentially getting users looking at BitShares if they are not already. It certainly has my attention now especially since I am a long time holder of Bitcoin since 2012, Ethereum and now Steem. Might have to pick some up.

Thank you for sharing all this info about bitshares! I will look into bitshares a bit more.

I heard a few times about BitShares but never to this extent. Finally i have a better idea of what this thing is all about. Thank you for sharing.

i think steemit will be bigger than bitshares will ever be !
so i am sticking with my Steem$, Steem and Steem Power !!!

BTS is very cheap imho, open your bags 8]

Super cheap! Doesn't hurt to grab some and hold.

Bitshares is proved by steem!
claim to return to Bitshares.

I'm currently holding bitshares on poloniex; would you suggest I use their native exchange instead?

I would suggest to use the native exchange(maybe just the lite client for Bitshares) because you control the keys on bitshares. If poloniex goes down(not likely, but...Mt. Gox) you would lose it all.

very good write up thanks bought a small bag just too wait and see with

I have been using Bitshares on and off, so it is a good system. Just be wary about the trading pairs though. Some of the pairs do not have liquidity, and you could lose value if you are not paying attention to what you are doing.

As from Oct 2014 exchange rate of Bitshares go down. http://coinmarketcap.com/currencies/bitshares/
Why?

Because they mint effectively unlimited amounts of it and have failed to gain the user base they had anticipated, ergo the price goes generally downwards.
Like pretty much every other altcoin.

Not that I'm saying it's a bad coin, in fact it's great!
I hold a bunch of bitshares in the form of bitUSD which is nice because I can always get $1USD worth of bitshares for it. So far it seems to be the fastest, lowest risk way to mine bitshares without the need to standup a node and all that jazz.

The amounts "minted" are strictly limited and much less than Bitcoin is adding to its supply per unit time.

Hi @teamnearandl, I got myself a bit of bitshares after reading another post saying it's really undervalued now but I have to say I kind of wish I had bought more steem instead. Anyway I hope bitshres flies too.

Steem is invite only thats why its going down now. They are using smart marketing to make it sustainable and cause a movement.

I didn't realize that. Any idea if they are going to resume normal signup anytime soon?

Im not sure, make a direct comment to Dan or Ned and they are good guys they might tell you.

Do you know how many people were allowed to sign up or when the cut off was.

to @wesam : you can check that here https://steemle.com/charts.php

Thanks for this reminder. I honestly had thought that much about bitshares because of all of the other altcoin failures, and I never really took the time to learn about it. Now that I'm learning more and experiencing Steemit, and seeing the feedback, innovation, and effort that the devs are putting into this system, I think I'm definitely going to be taking a closer look at bitshares. Thanks!

Bitshares is a great company that will make grea hight in the crypto space. Watch them out

I am still holding onto my Bitshares since day one.
It would be great if they can make Bitshares as big as Steem. :)

Are there any real-world examples of something like a worker-owned co-operative (a DAO, perhaps?) running on and via BitShares - Does anything of this nature yet exist? Or is something like this not feasible to do with BitShares?

#BitShares itself is a DAO and a fine example at that! In fact it was the very first DAO ever conceived. It was a DAC (Distributed Autonomous Company) before the word became popular and accepted now as a Distributed Autonomous Organisation!

Thanks for explaining

👍

Correct, but I am looking for more of an atomic model example, versus the entire ecosystem. BitShares often gets lauded as a response to, and a replacement for, the public markets of Wall Street, et cetera. Are there any companies or organizations who are utilizing BitShares as a way to replace formerly market-centric and -delivered activities of profit sharing, co-ownership / direction / board duties?

Great wrote up! Ill look deeper into bitshares for sure

I've held some Bitshares for quite some time now i doubt that i will be selling them anytime soon unless something drastic happens...
P.S - You got a spelling mistake at the begining of the second paragraph :P

I received bitshares as some reward for supporting an earlier project, PTS, I think back in 2013. I never really followed developement, thanks for the info.

  ·  8 years ago (edited)

I really like bitshares project , sure this project will skyrocket soon, but i still dont know how can issue assets in the platform, does someone have some guide or can help me with it?