Let ME share slightly bit concerning why i believe Bitshares are your best semipermanent investment…
Dan Larimer, the man United Nations agency created Bitshares along with his father, Stan (you could understand it because the 1st decentralized exchange… however it’s most more), could be a true visionary genius.
Obviously…’cause once making Bitshares, he was a complete divine and created Steemit too (the world's 1st decentralized social media platform).
Does this guy ever sleep? Seriously. i would like to grasp.
And if he already wasn’t unrelatable enough, he’s currently acting on his latest venture, Greek deity (the future package that every one businesses are designed upon). If you do not see the trend here… I’ll allow you to borrow my grandma’s glasses. simply don’t tell her I took them.
The trend here is, the guy could be a genius.
Those same blockchains, designed by Dan the person (is it okay to decision him that?), presently method double as several transactions per day than the complete BLOCKCHAIN business combined.
As adoption grows, performance can matter, and that is wherever Bitshares can dominate even a lot of. Now, before i am going more, let's tackle the one massive elephant within the space 🐘...
I GOT ninety nine issues AND one in all THEM IS CENTRALIZED EXCHANGES
March 2014 - Mt. Gox ($473 Million Gone)
January 2015 - Bitstamp ($5.1 Million Gone)
August 2016 - Bitfinex ($66 Million Gone)
January 2018 - Coincheck ($400 Million Gone)
And the list goes on… dun dun dun…
What's Wrong With Current Centralized Exchanges?
Hackers (sometimes even employees) area unit everywhere these exchanges like thunder stealing your stuff. Hide your children, hide your crypto, ‘cause they hackin’ everyone up in here
Data is hold on on their servers that puts you at their mercy if the exchange is down
They can’t handle too several registrations, in order that they simply don’t allow you to register on the exchange every now and then (Why can’t I sign on for Bittrex, fool?)
More steps within the method. you have got to use apprehend Your client (KYC) tools to verify your identity and traumatize various further hurdles
Sometimes withdrawals and deposits take foreverrr
Not all cryptos area unit tradable at your favorite exchanges
Centralized exchanges have a business model that works against you. they create cash by imposing high fees on you, no totally different than a bank
Trust problems (the exchange might simply manipulate the market in their favor)
Centralized exchanges area unit vulnerable to crash and burn (Mt. Gox, etc)
THE SOLUTION? decentralized EXCHANGES, BABY
What is a decentralized Exchange (DEX) and Why area unit They the Future?
Funds area unit left in your own management, safe in your own billfold. You get to own all the facility, mwahahaha (use it permanently, not evil...don't be like creep face Jafar)
Easy registration (no further procedures you have got to follow - get created in seconds)
With Bitshares, you'll use a reputation like “nomadicsoul” as your send/receive address rather than one thing lame like x72839823eheo03hf832d8j3042ifhls. strive memorizing that!
Quick transactions
Trade in real time with actual assets
Trades happen on the blockchain or on a payment channel
High performance commerce platform, scalable and sturdy
Fast transactions with very little fees
Can't be hacked, no server down time
Better access to coins and tokens
Decentralized (which is obtaining back to the roots of Bitcoin)
Get security, civil right, and freedom
No down reserve banking
Stakeholder approved project funding (tokens issued via neutral votes to fund developers)
Some Downsides of decentralized Exchanges?
They can be tough to know and use as a beginner
People might not trust them (kinda ironic)
Low liquidity at the instant however growing by the day
The Best decentralized Exchange Protocol?
Graphene - on the Bitshares blockchain.
You see, the a lot of hacks we tend to see on exchanges (there can most likely be lots a lot of this year), the a lot of you'll expect Bitshares' value, demand, and worth to extend. 😃 😃
The idea behind Bitshares is super advanced. It's well-tried to figure. and also the incentives build complete sense. that brings ME back to Dan Larimer, and also the godfather of Bitshares, @stan.
Some folks see Dan Larimer as somebody United Nations agency has abandoned each Bitshares and Steemit. But, in my opinion, that is nonsense. If he is a creator, and that is wherever his skills lie (in making and developing superb technologies), then why would you wish him to stay around and work on sales and selling and taxes once some other person might do that?
He's meant to make. So, let him produce. do not tie him down. an individual like that's the definition of a producer and somebody that perpetually delivers large worth to the present world!
As for abandoning those projects? Well, ever since he designed and 'left' Bitshares, it's fully grown like thunder. Ever since he designed and 'left' Steemit, it's fully grown like thunder. the person contains a pretty sensible documentation and you would be foolish to bet against him.
As for the association Between Greek deity and Bitshares?
EOS are associate degree upgrade for Bitshares, not competition. Yay! No fighting to the death.
In fact, several good folks area unit viewing Greek deity because the analysis and development department for Bitshares, that is smart to ME. I’m gonna accompany what the good folks say. In alternative words, once it's finally designed and prepared to travel, BitShares can merely adopt it love it adopted Graphene with none problems. BTS 3.0 is coming back.
And the best part?
It will possible adopt Greek deity during a matter of seconds.
Another reason why you must invest in Bitshares (and support the Larimer projects)?
The technology, of course!
But do not simply take my word for it...
Nope. Instead, visit the link below, to visualize simply how briskly the technical school works. this can be wherever you'll notice and track the $64000 worth of sure blockchains (that presently exist today) >>>
All you have got to try and do is a few analysis to seek out time period network load knowledge and system stress, as seen on Blocktivity, and you will uncover an enormous a part of the BTS project.
As you'll see although, Dan's babies (Steem and BTS) area unit already topped as kings for the quickest blockchains within the world, as they need stayed at the highest of the rankings, along side Ethereum and Bitcoin. These area unit well-tried comes that area unit thriving.
And Greek deity are no totally different.
I will see Greek deity being Brobdingnagian with block.one and Dan because the Chief Technology Officer behind the project. this can be additionally why you must need to back the visionary and businessperson, and not on the educational. though I appreciate the consultants that return from academe (as they are doing serve a purpose), it's far better to visualize associate degree imperfect project started the globe, than to attend forever on one, thanks to things like peer reviews.
Of course, this can be all simply my opinion...
But here's why i am thus optimistic on Bitshares semipermanent.
(pic taken from the Daily Reckoning)
Because it isn't simply a cryptocurrency!
It's rather more than that...
Like associate degree Onion, Bitshares Has numerous alternative Layers
And as a lot of folks perceive those layers, it'll come out to new heights, particularly once it gets adopted by giant enterprises and establishments.
Bitshares goes to impact the globe of business (similar to however Bitcoin is impacting the globe of gold, finances, commodities, stocks, offshore banking, etc).
We area unit on the verge of one thing ginormous!
Why? owing to its several layers (that have nevertheless to be uncovered by the masses). Its network is associate degree economy in and of itself.
You see, the Bitshares system, network effects, and existing community has insane reach, volume, and market potential (especially because it grows a lot of and a lot of each single year).
It will simply solve several of the issues centralized exchanges face nowadays, too.
In a sophisticated decentralized exchange (DEX) like Bitshares, the exchange does not maintain custody over the funds. Trades also can be performed atomically. If done by good contract, the code are often created public and auditable.
If you like the post, put upvote and resteem.
Thanks for this worth a follow. I enjoyed it, Keep up the good work.
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STOPNot a bitshares promote post again :<
All I hear of is: bitshares is good at that or this ... decentralized or something ... or rocket soon ...
I invest when BTS was $0.6 and now it drops and drops till nothing man.
Maybe the best is not the best, everything will be decided by the market.