Hello, I just wanted to share an article I wrote a couple of years ago about Bitshares. We formed with a couple of friend the « BitShares French Connexion ». Our webpage is still active and you can take a look at it on BitShares French ConneXion.
Our goal is to provide information about BitShares and Cryptocurrencies in french. The french community is very poorly informed about cryptocurrency as almost no website give information or translate information from english or other languages to french.
I won’t bother you much about crypto but here is the article I wrote, remember it was written 2 years ago, long before bts make its pike:
Yes you read it right: BitShares. You might say that this is another barbaric name for a new software nobody understand. I can’t blame you for that. I can take a few hundred pages and explain you in the slightest detail what it is, but I have the impression that it not what you want to hear right here, right now. I am like you guys, first of all I want a general basic view before having the intention to see more details about something. Well that is what I am going to share right now: my experience from the first day I heard about BitShares and the process that made me share those few lines with you. In conclusion, I won’t explain what is BitShares « technically » but why you will soon want to know a little bit more about it.
Each and everyone of us is aware of the financial situation we are in today. We have our bank account, our taxes, our bills, our expenses, well, our bank account and each and every expense that makes it reducing day by day, month by month, year by year. That is part of our life in a modern basic consumer society. But let’s take a closer look.
Its epicenter; the vital axis of this tiny little world is our bank, and our bank account. We are working like crazy to fill up those little numbers to the maximum. And our money is handled by this organism so that we can spend it in the best conditions ever. But all of this has a cost, and we pay it every day without really noticing. Fees due to our credit card, fees on our bank account, fees on our wire transfers, fees to get liquidity, fees to unlock your account, fees when you balance go under zero for a couple of days, fees, fees, and more fees. But at the end, your bank is just another commercial institution destined to make money, and that is totally logic. But now, what happens when this empire falls? Like the people of Cyprus are you ready to lose everything? Are you ready to handle another subprime crisis like in the USA? Are you ready to trust your bank for your life savings because of a « confident » principle? Are you ready to pay fees and taxes because you want to save money like it happened in Germany? Or even worth of all, are you ready to lose everything because your bank go bankrupt, cause it can happen, many countries firm an agreement saying that if this happens the government won’t help them!
I see you coming… Hold your horses, I am not here to convince not to have a bank! Nowadays it is impossible. But this article is not talking about today, it is talking about the future, a future not that far away. And why take a step ahead on your future and not just waiting for it? It is possible today, right here, right now.
In an idyllic world, your money is in a safe, unbreakable and untouchable place except if you need it. A way to have your money safe but where you can use it no matter when, no matter where, no matter how much you need. All of this to an almost zero fee cost. And why wrap this dream gift with an anonymous and un breakable account?
Lucky for you I am just going to say 3 words: « it already exists »…
to be continued...
Bitshares charges very, very small (think dust) transaction fees and puts them into a reserve pool that is used to fund maintenance and development. Because Bitshares has one of the highest transaction volumes in the world (many days higher than Ether and Bitcoin combined) the reserve fund is now worth over $100,000,000 USD. Bitshares is a sustainable, autonomous, self-funding block chain business.
Bitshares is an autonomous company that generates revenue and pays for it's own maintenance. Let that sink in for a minute. :)
Totally agree with you... You are spoiling the rest of my article :P But you are entirely right @johnsmith :)
Thanks. I always wondered about Bitshares.
Didn't understand too much when I tried Wikipedia.
But, now I know the basics.
Thanks for sharing @mangou007. :) Really appreciate it.
But question is , How much can I put my trust on Bitshares ?
As for me you can trust it as any decentralized project. It is as safe as bitcoin or any other cryptocurrency you can find around: steem, bitcoin, doge... Any really!
And check out the rest of the article too, part 2 and 3 coming soon
Ok.. Thanks for your kind informations. :)
Hah, some time ago I heard from a native Englishman "tickle my pickle" :D tip!
Hi @mangou007! @cardboard is sending you 0.15 SBD tip and @tipU upvote
:)
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STOPmany many thanks for share this post brother . thank you so much
Thanks man