Welcome to the 35th Bitshares State of the Network (BSotN) report. A weekly report focusing on the changes in the ecosystem and track longer term changes in a effort to identify emerging trends and changes in the Bitshares platform.
Bitshares - State of the Network - 16th May 2017
The Bitshares State of the Network Reports seeks to combine raw data from a wide range of metrics and combine them into meaningful information to identify emerging trends and changes in the Bitshares network.
Observation from this week
This section will highlight any observations made while analysing the data.
The Bitshares reserve pool has 999 Million BTS (45 Million USD) worth of funding to be used to secure and further develop the network.
@stan has announced BitShares will be providing all the blockchain special effects for Startup Hollywood, a "shark tank" event for investors, entrepreneurs and internet marketers. This event has 50 Million USD to invest into upcoming startups. The event takes place May 26-28 at the Los Angeles Center Studios. The 'HERO' smartcoin has also been mentioned as a potential use case for Startup Hollywood applications given its value proposition and increasing value overtime. - i recommend you listen to the latest Bitshares hangout HERE for more details and see Stans latest post HERE
@stan will be preforming a 'TED' style talk at Startup Hollywood, presenting two talks: a Blockchain 101 and a graduate level blockchain focusing on realtime blockchains i.e Graphene, Bitshares and EOS. Stan was awarded this opportunity due to their desire to leverage a realtime blockchain in gaming platforms.
In a startup hollywood video documentary Bitshares was mentioned core technology in their bi weekly show. I am still not sure what all this means (it does seem huge) or how it will play out but it is very exciting for Bitshares and i will be keeping an eye on this space. There will also be the release of a Augmented Reality game tied to the Bitshares realtime blockchain. You can watch the full Hollywood Startup documentary, you can also attend the event live in VR. Find out moreHERE
@jademont has made an announcement regarding some updates to the BTSABC platform. A few highlights include Upgraded API to cope with all the new traffic, Reaching the limit for QQ chat groups (2000 members) so they have had to start another group which already contains another 1000 users, Good penetration for the Decentralized Fiat gateway (BitCNY <-> CNY) from Bitshares to CNY (Exchanged over 12 million CNY so far) and a short ID sales strategy benefiting holders of IOU.ABC. Find out more HERE
@xeroc has had his worker proposal for Python-bitshares and uptick expire on the 15th of May
@peerplays blockchain crowdfund has officially ended with great results with over 1,400 investors in this round and over 10,000 holders involved in the project so far. The team has also attended The Keynote Gala dinner in Brussels this week. Currently the teams are working hard to launch the main net network of the 31st of May. Yunbi has also confirmed trading PPY tokens and Kraken has shown interest in this token as well. You can listen to their latest updates HERE
@zappl has launched an ICO on the Bitshares network to fund their micro blogging platform. find out more HERE
@btswolf has produced a some graphics explaining shortselling in Bitshares. Please find his post HERE and i will also include one of his creations below this section.
Ronny Boesing from OpenLedger.info will be presenting at Blockchain and BItcoin Conference in Prague on the 19th of May and again at Consensus 2017 in NY on 22nd-24th of May. Find out more HERE
Giulio has started a Bitshares Italia Telegram channel - Join the fun at https://t.me/BitSharesITA
@blockchnd has opened up the RUBLE smartcoin allowing any witness to provide pricefeeds and has also pledged to hand control of this smartcoin to the committee once they reach 20 witnesses providing price feeds.
@virtualgrowth is doing a weekly market update and token give away; Check out his post and vote on your favorite asset HERE, if you leave you Bitshares username in the comment you may even be one of the lucky recipients of the token giveaway.
This weeks Bitshares hangout recording has been published and is available HERE
This weeks Beyond Bitcoin hangout recording has been published. This week had talks from @peerplays @zappl @cm-steem @virtualgrowth and @officalfuzzy you can find more details and last weeks recording HERE
Current registered wallets/accounts within the Bitshares network is 172158; an increase of 2881 wallets/accounts since last week
A new asset has been registered named 'MEGATILT' with the description megatilt.club, i could not find any announcement relating to this UIA but you can find the asset HERE
The last asset registered this week is asset #1380 and it is named 'RENTTIME' registered by 'supertrader79' with the description 'This SmartCoin represents the cost in EUR for one hour for the Germany Minimum wage in temporary work. The minimum wage is currently from 9 Euro (West) to 8.50 (East) until 31 December 2016 in temporary work. According to a current wage agreement between the DGB-Tariff Association Temporary Work and the Employers' Associations iGZ and BAP, the hourly wage is in the lowest pay group From 1.1.2017 in the east 8.84 euros and in the west 9.00 euros (website for the tariff work contract 2016/2017.'.
@btswolf's Bitshares Short Selling infographic
Featured assets on OpenLedger this week
Smartcoin market cap this week
Bitshares Distribution
This sections seeks to analyse the current distribution of the network. We look at the current supply, top 100 hodlers, Orders on the Bitshares Decentralized Exchange (DEX), Reserve pool balance and Income growth.
| Distribution | Balance | Change W/W | Change W/W % |
|---|---|---|---|
| BTS Supply | 2,601,019,902 |  1,189,772.00 | 0.05% |
| BTS Stealth | 266,872 | 1.00 | 0.00% |
| BTS in Open Orders (DEX) | 15051771.62 | 4,154,415.16 | 38.12% |
| Reserve Pool | 999554990 |  -1,193,522.00 | -0.12% |
| RP Accumulated fees | 9,757 | -14,254.00 | -59.36% |
| Collateral (top 250) backing Smartcoins | 408084512 | -6,153,641.00 | -1.49% |
| Top 100 Total | 1,419,565,343 | 19,499,151.06 | 1.39% |
| Top 100 - minus Exchanges | 513,386,457 | -2,015,268.86 | -0.39% |
| Exchanges | 906,178,886 | 21,514,419.92 | 2.43% |
| Non Exchanges | 1,694,841,016 | -20,324,647.92 | -1.18% |
Profit/Expenses from the Bitshares Reserve Pool
The chart below show historic profit/expense from the Bitshares Reserve Pool where a positive number represents a W/W profit and a negative number means a W/W expense; Bitshares expenses include witness and worker pay and income includes network fees.
BTS Trading
Looking at the most active trading pairs for Bitshares (BTS). Data displayed is a 24 hour snapshot as taken on the date of this report and not a reflection on the week as a whole.
| Market | Last Price | Price USD | 24hr Vol BTS | 24hr Vol USD | Vol % | Vol % Change W/W |
|---|---|---|---|---|---|---|
| BTC | 0.00002559 | 0.0445141 | 190,207,112.85 | 8,466,898.13 | 60.55 | -20.5% |
| CNY | 0.32456621 | 0.05 | 123,904,690.09 | 5,838,496.22 | 3944.6% | -45.2% |
| WAVES | 0.025 | 0.0195331 | 0 | 0 | 0.0% | |
| USD | 0.0216 | 0.02 | 0 | 0 | 0.0% | |
| EUR | 0.0498029 | 0.05426619 | 0 | 0 | 0.0% |
Worker Proposals
This section will identify the current approved and pending worker proposals
Active Worker:
- Alfredo Garcia, Bitshares Core Dev
- Soledger - Vikram/Agent86 - Project administration & essential maintenance
Proposed Worker
- Fund to pay dividendp/topic,22041.new.html#new)
DEX: Most Active Markets
This section will show the BTS markets within the DEX and seek to highlight the most active markets.
The most active base pair is BTS and the top 3 pairs are BTS, CNY and Open.BTC
Smartcoins
This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.
| Asset | Supply | Price | Market Cap BTS | Market Cap USD | Supply Change W/W |
|---|---|---|---|---|---|
| BTS | 2,601,019,902 | 0.04554236 | 2,601,019,902 | $118,456,584.74 | 0.0458% |
| BTS Stealth | 266,872 | 0.04554236 | 266,872 | $12,153.98 | 0.00% |
| Reserve Pool | 999,554,990 | 0.04554236 | 999,554,990 | $45,522,093.19 | -0.1193% |
| Accumulated fees | 9,757 | 0.04554236 | 9,757 | $444.36 | -59.36% |
| BitUSD | 1,060,836 | 21.5 | 22,807,974 | $1,060,836.00 | 12.36% |
| BitCNY | 12,158,172 | 3.105 | 37,751,124 | $1,719,275.28 | 4.66% |
| BitEUR | 107,598 | 23.8 | 2,560,832 | $116,626.35 | 79.24% |
| BitBTC | 56 | 38,015 | 2,128,840 | $96,952.40 | 7.49% |
| BitGold | 25.1 | 26,375 | 662,013 | $30,149.61 | 44.75% |
| BitSilver | 3,440 | 358 | 1,231,520 | $56,086.33 | 7.87% |
| Ruble | 433,869 | 0.386 | 167,473 | $7,627.14 | 40.41% |
Referral Stats
This section will track user referrals, to gauge active refers overtime. The chart below shows in blue the total number of referred users and in orange the new referrals for this week.
| Account | Referrals | Change W/W |
|---|---|---|
| bitshares-munich | 2886 | 95 |
| compumatrix1 | 2204 | 37 |
| jianjolly-0 | 1743 | 0 |
| btsabc | 673 | 68 |
| openledger | 514 | 0 |
| fav | 360 | 3 |
| cryptofresh | 345 | 4 |
| gn1 | 256 | 5 |
| ccm2015 | 233 | 1 |
| sdr | 232 | 25 |
| cryptocurrency3 | 206 | 7 |
| by24seven | 189 | 4 |
| xiangxn | 178 | 5 |
Vote Proxies
This section will track the change in proxy voting
| Account | Opinions | Followers | Weight (M) | Weight Change (M) |
|---|---|---|---|---|
| xeroc | 38 | 160 | 246.5 | 8.5 |
| bitcrab | 64 | 27 | 227.9 | 7.1 |
| laomao | 35 | 4 | 67.4 | -89.8 |
| baozi | 29 | 64 | 57.7 | -8 |
| bitshares-munich-wallet | 7 | 14 | 26.3 | -4 |
| btsabc | 59 | 22 | 21.5 | -0.3 |
| fav | 18 | 47 | 17.2 | 3.7 |
| yao | 33 | 33 | 12.6 | -0.3 |
| abit | 41 | 276 | 12 | 0 |
| dahu | 21 | 1 | 9 | 9 |
Committee Members
This section will track shareholder approval of committee members
| Account | Votes (M) | Votes Change (M) |
|---|---|---|
| bitcrab | 925 | 133.7 |
| abit | 872 | 126.6 |
| bhuz | 851.5 | 144.8 |
| clayop | 757.5 | 120.1 |
| chris4210 | 729.9 | -5.8 |
| xeroc | 664.1 | 18.4 |
| bunkerchainlabs-com | 603.2 | 9 |
| harvey-xts | 497.6 | 160.5 |
| ebit | 446.4 | 6.4 |
| openledgerdc | 425 | 42.9 |
| fav | 313.8 | -3.2 |
Active Witnesses
This section will track top 25 active witnesses and the changes in support
| Rank | Witness | Votes | Missed | Missed W/W |
|---|---|---|---|---|
| 1 | in.abit 1.6.35 | 796.9 | 310 | |
| 2 | verbaltech2 1.6.34 | 785.9 | 1211 | 5 |
| 3 | bhuz 1.6.17 | 782.9 | 1099 | 6 |
| 4 | fox 1.6.16 | 779 | 2908 | |
| 5 | wackou 1.6.18 | 768.6 | 1274 | 1 |
| 6 | witness.yao 1.6.71 | 767.7 | 3120 | 3 |
| 7 | rnglab 1.6.45 | 750.8 | 1341 | 62 |
| 8 | xman 1.6.64 | 745.2 | 1156 | 4 |
| 9 | delegate.baozi 1.6.37 | 743.4 | 1025 | 1 |
| 10 | jerryliu 1.6.72 | 734.8 | 5289 | 253 |
| 11 | xn-delegate 1.6.59 | 693.7 | 2291 | 2 |
| 12 | witness.still 1.6.69 | 686.7 | 8331 | 1 |
| 13 | openledger-dc 1.6.76 | 672 | 4 | 3 |
| 14 | roelandp 1.6.74 | 662.3 | 1 | |
| 15 | xeldal 1.6.22 | 624.7 | 1180 | 1 |
| 16 | blckchnd 1.6.75 | 617.6 | 51 | 51 |
| 17 | sahkan-bitshares 1.6.73 | 597.4 | 152 | |
| 18 | delegate-1.lafona 1.6.28 | 551.7 | 681 | 3 |
| 19 | abc123 1.6.65 | 543.9 | 850 | 5 |
| 20 | harvey-xts 1.6.23 | 513.4 | 5127 | 15 |
| 21 | elmato 1.6.20 | 493.9 | 3009 | 1 |
| 22 | delegate.ihashfury 1.6.26 | 493.3 | 869 | |
| 23 | spartako 1.6.15 | 483.3 | 971 | 3 |
| 24 | delegate.freedom 1.6.63 | 477.6 | 3579 | 2 |
| 25 | mr.agsexplorer 1.6.24 | 449.4 | 1304 | 79 |
Top 100 Distribution including Exchanges
This section looks at the top 100 rich list and compares account balances, this section will seek to identify changes in ownership which may lead to interesting investigations and early warning signs of upcoming projects
| Rank | Account | Balance(include orders) | Orders | Change W/W | Change W/W % |
|---|---|---|---|---|---|
| 1 | poloniexcoldstorage | 290001202.9 | 0 | - | 0.00% |
| 2 | bitcc-bts-cold | 196419017.6 | 0 | - | 0.00% |
| 3 | yun-bts | 163712878.6 | 0 | 49,770,526.93 | 43.68% |
| 4 | poloniexwallet | 133658720.8 | 0 | -18,053,656.54 | -11.90% |
| 5 | bittrex-deposit | 47297853.69 | 0 | 1,723,903.76 | 3.78% |
| 6 | yunbi-cold-wallet | 35003434.68 | 0 | - | 0.00% |
| 7 | aloha | 20652561.25 | 0 | 28,306.68 | 0.14% |
| 8 | stan | 20618873.65 | 0 | - | 0.00% |
| 9 | bitshares-munich-wallet | 19930362.54 | 0 | 9,479,939.92 | 90.71% |
| 10 | btercom | 13049112.07 | 0 | - | 0.00% |
| 11 | evan | 12117138.51 | 9994.34602 | - | 0.00% |
| 12 | bterdeposit | 11591853.39 | 0 | 2,051,989.94 | 21.51% |
| 13 | cass | 11440165.64 | 0 | - | 0.00% |
| 14 | abit | 11343240.3 | 30000 | 41.82 | 0.00% |
| 15 | mcxcwbts | 10940709.07 | 0 | - | 0.00% |
| 16 | bitcc-bts | 10753421.06 | 0 | -13,960,488.46 | -56.49% |
| 17 | crypto-maniac | 10613396.97 | 0 | - | 0.00% |
| 18 | hnnr8 | 10471001.86 | 0 | - | 0.00% |
| 19 | jiny2 | 9443640.062 | 0 | -0.10 | 0.00% |
| 20 | virtual-ventures | 9318078.011 | 0 | - | 0.00% |
| 21 | tsuratsura-3557 | 9304875.637 | 0 | 174,722.14 | 1.91% |
| 22 | roje | 8850429.578 | 0 | - | 0.00% |
| 23 | invictus | 8815142.915 | 0 | - | 0.00% |
| 24 | ibilitlan-scoltock | 8673958.411 | 0 | - | 0.00% |
| 25 | graphene2015 | 8495037.218 | 0 | -479,033.70 | -5.34% |
| 26 | cievia-waugaman | 7990213.251 | 0 | - | 0.00% |
| 27 | comp6 | 7594257.818 | 0 | - | 0.00% |
| 28 | haeassa-granovsky | 7431931.353 | 0 | - | 0.00% |
| 29 | bc-godpay | 7214876.905 | 0 | -330,039.07 | -4.37% |
| 30 | coldstorage1 | 6999999.923 | 0 | - | 0.00% |
| 31 | bts-scotter | 6870686.132 | 500213 | 5,759,182.06 | 518.14% |
| 32 | btsnow | 6648735.315 | 0 | - | 0.00% |
| 33 | abinia-rivard | 6550562.954 | 0 | - | 0.00% |
| 34 | prebuffo1970 | 6510976.201 | 0 | 1,911,324.31 | 41.55% |
| 35 | keebler-kahn | 6500769.529 | 0 | - | 0.00% |
| 36 | onceuponatime | 6450888.46 | 0 | - | 0.00% |
| 37 | millibit53 | 6234726.38 | 0 | - | 0.00% |
| 38 | alexna64 | 5869988.939 | 0 | - | 0.00% |
| 39 | pay.xeroc | 5785155.848 | 0 | - | 0.00% |
| 40 | fericia-brick | 5766622.727 | 0 | - | 0.00% |
| 41 | btszhqxf | 5734711.5 | 0 | - | 0.00% |
| 42 | dev.bitsharesblocks | 5638893.431 | 0 | - | 0.00% |
| 43 | miso69 | 5477227.354 | 0 | -1,001.38 | -0.02% |
| 44 | linhan | 5425094.721 | 0 | - | 0.00% |
| 45 | cadord-ozois | 5423173.409 | 0 | - | 0.00% |
| 46 | bts-morning | 5372840.009 | 0 | - | 0.00% |
| 47 | spring | 5365473.919 | 0 | - | 0.00% |
| 48 | bristolbay | 5325003.672 | 0 | - | 0.00% |
| 49 | ddd888 | 5298936.099 | 0 | 2,982,798.97 | 128.78% |
| 50 | xhunter | 5233238.27 | 0 | - | 0.00% |
| 51 | ddd555 | 5211720.711 | 0 | - | 0.00% |
| 52 | synergy3 | 5177771.317 | 0 | - | 0.00% |
| 53 | jeraud-kanze | 5172698.487 | 0 | - | 0.00% |
| 54 | laow | 5057708.821 | 0 | - | 0.00% |
| 55 | geravia-mackinnon | 4777690.635 | 0 | - | 0.00% |
| 56 | mybak | 4709247.334 | 0 | - | 0.00% |
| 57 | kylin1986 | 4691391.623 | 0 | 4,591,391.62 | 4591.39% |
| 58 | trans.bot | 4648637.838 | 0 | -1,401,441.04 | -23.16% |
| 59 | gate108 | 4464228.36 | 0 | 4,364,228.36 | 4364.23% |
| 60 | tyrone-shoelaces | 4461958.809 | 0 | - | 0.00% |
| 61 | multisig-worker-2017-01 | 4356519.527 | 0 | - | 0.00% |
| 62 | btsxzzh2 | 4348432.46 | 0 | - | 0.00% |
| 63 | slim | 4153504.029 | 0 | - | 0.00% |
| 64 | quonael-lievesley | 4087235.19 | 0 | - | 0.00% |
| 65 | tkoba99 | 4034034.173 | 1558.846 | - | 0.00% |
| 66 | wesley-waugaman | 3921027.341 | 0 | - | 0.00% |
| 67 | hermes3 | 3832194.901 | 0 | - | 0.00% |
| 68 | satoshi-pie | 3697789.728 | 0 | - | 0.00% |
| 69 | linanjun | 3678518.67 | 7842.1001 | -5,068,573.68 | -57.95% |
| 70 | jaehyuk | 3627054.385 | 0 | - | 0.00% |
| 71 | laplap5 | 3493800.179 | 0 | - | 0.00% |
| 72 | chainsquad | 3484192.432 | 0 | - | 0.00% |
| 73 | mike-primorac | 3479278.07 | 0 | - | 0.00% |
| 74 | koocaa | 3453196.418 | 0 | - | 0.00% |
| 75 | goodc0re | 3425375.458 | 0 | 175,280.79 | 5.39% |
| 76 | bunkerchainlabs-com | 3414787.223 | 0 | 391,453.16 | 12.95% |
| 77 | bitcoinindonesia | 3336702.343 | 0 | -50,081.51 | -1.48% |
| 78 | scottmclane | 3251127.476 | 0 | - | 0.00% |
| 79 | bafohald-degeorge | 3189865.947 | 0 | - | 0.00% |
| 80 | wind-flower | 3174191.323 | 0 | - | 0.00% |
| 81 | null-account | 3011944.766 | 0 | - | 0.00% |
| 82 | anonym7 | 2972988.998 | 0 | - | 0.00% |
| 83 | geneko | 2824347.554 | 0 | - | 0.00% |
| 84 | mostar | 2748783.077 | 0 | - | 0.00% |
| 85 | mcxcw | 2691460.299 | 980691.9346 | -579,296.15 | -17.71% |
| 86 | douglasriese1994 | 2642911.206 | 0 | - | 0.00% |
| 87 | dragongroup | 2601511.052 | 0 | -0.01 | 0.00% |
| 88 | rand1 | 2586346.83 | 0 | - | 0.00% |
| 89 | bang-king | 2570419.337 | 0 | - | 0.00% |
| 90 | hardfork2 | 2545413.479 | 0 | - | 0.00% |
| 91 | serg | 2515783.949 | 0 | - | 0.00% |
| 92 | thread | 2485990.228 | 0 | - | 0.00% |
| 93 | impseu1 | 2432045.057 | 0 | - | 0.00% |
| 94 | jy2017 | 2399104.957 | 0 | 89,465.27 | 3.87% |
| 95 | chryspano | 2350884.43 | 0 | - | 0.00% |
| 96 | spook | 2296848.99 | 0 | - | 0.00% |
| 97 | dark-angel | 2222130.348 | 220000 | 30,000.00 | 1.37% |
| 98 | yvg1900 | 2221038.424 | 0 | - | 0.00% |
| 99 | nana-roseannadana | 2209985.926 | 0 | - | 0.00% |
| 100 | kedaliwin-tefft | 2192432.55 | 0 | - | 0.00% |
Thanks for viewing :)
I value your feedback.
Is there something more you would like me to track in these reports? or do you have some information for the next BSoTN report? please let me know in the comments, on steemit.chat, in the 'BitsharesDEX' Telegram group or every Friday in the the BeyondBitcoin Hangouts.
I hope you enjoyed this report! :)
Image Credit: @cass
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Huge news an the development of so many amazing news seems to be going in concordance with the uprise of cryptocurrencies in the global social consciousness! This is very exciting times and I feel like I can hardly keep up with what is going on. It is mind-boggling! Thanks a bunch for it all, namaste :)
Yes :)
Thank you Eric, exciting times indeed
So much interesting information. I have been slowly moving most of my assets from poloniex to open ledger... I might have to accelerate that.
Yeah everyone is a bit sketchy on polo these days. I would honestly hate to see anything bad happen there but i also prefer to hold my own keys so the bitshares wallet is my platform of choice.
The only thing keeping some of my BTC there is their lending platform. Although the meager gains I make from it probably aren't worth the security risks.
Great to hear. I notice you and others taking more interest through some of my posts and giveaways. :)
Nice update,
TASKMANAGER buyback and burn was also completed early this morning.
Looking forward to more TASKMANAGER buy backs and project endeavors.
Great work taskmanager. Feel free to drop a link next time
I always mean to, and always forget lol.
Congratulations @steempower!
Your post was mentioned in my hit parade in the following category:
Thank you for the mentions and great to see more value and people in bitshares recently! Shared on twitter
Disclaimer: I am just a bot trying to be helpful.
Thanks for the comment and share VG
It would be nice if you could include the BitShares' market share of the total CryptoSphere as in
https://bitsharestalk.org/index.php/topic,24159.msg306299/topicseen.html#new (on weekly basis).
Thaks this is a good resource and the poster updates daily :)
Excellent growth statistics for Bitshares.... I have been using this for some time and really liked it, i wish all the success for this great platform.
BitsharesDEX : hms818
Great to hear. I notice you and others taking more interest through some of my posts and giveaways. :)
Thanks for the coment and glad to hear your positive feed back
and on that note, i've just bought a few for starters :)
https://steemit.com/bitshares/@abh12345/i-got-some-bitshares
Any advice? Keep them?!
My advice would be to move them off the exchange and into one of the bitshares wallets. I use the light wallet personally but the web wallets do offer conveniance especially with the account login.
just make sure you follow the BACKUP procedure and dont lose your password..
Also the BitsharesDEX telegram chat is a very active channel and a great resource.
Cheers. Yes sorted the backup procedure and password is good to go. I'll check out that channel and continue watching the pretty lights :)
Keep them along with STEEM and use bitshares (DEX) and steemit.com so you get more value, use, and understanding from these crypto as well. Also replied to your post.
Great, thank you and all for the advice.
You're very welcome.
Great project.
The best interesting @steempower
Upvote and Resteem.!
In my opinion Bitcoin will fail. Can you trust a currency that is reliant on vulnerable technology?? With the creation of a number of new competing cryptocurrencies being developed and eventually diluting the market. If a cyber attack occurred would your Bitcoin be safe. Would you intrust thousands of dollars to the system? How long before Government infiltrate this technology and causes it to fail? Why would Government do that? Because central banks will not tolerate a currency that they do not have complete control over, thats why. If they cause a failure in the system, then people will lose confidence in them, unless of course the federal government comes to the rescue and offers to insure the currency FDICA baby. Look what they did to Precious metals. The feds found a way to manipulate it and fix it. The banks simply print and sell enough paper contracts to dilute the market. Some say that there are up to 200 hundred paper contracts per ounce of gold. The silver and gold markets are easily moved by the simple push of a computer key. They must regulate it in order to keep the value of the dollar intact. The same is true with cryto. If they let the market run, paper currencies would diminish in value. Is it possible that the cryptocurrency was ordained by the central banks as a trail to see if people would buy into this type of monetary system? But for now enjoy the wealth it has created, just don't think they will let the party continue.
Wow so many good questions. I am inline with most your lines of thinking bit believe that unlike banks, cryptocurrencies are nible and will learn and adapt
wow! tons of data and things to study!
It doesn't get any more detailed than that! Great Job!! :) upvoted and reblogged!!
very interesting and i loved all the info i had to read it twice
Wealth of info! Great read! I recently bought BTS, but not sure about holding Alts while everyone looking to grow their wallets. Something for me to think about.
Thanks!
great stuff :) have bitshare account but still learning (always something to learn)
Awesome bitshare, it is really great growth
I haven't made the plunge into the markets yet, but this level of depth will definitely help me to understand how to view the crypto markets. Thanks for putting this report together.
Woah, brain blown! Thanks for all of the info!
Always believed in Bitshares. Awesome developments.
So tell me... how long does it take to research and write all that?
It boggles my mind on how well put together this is... and I am thankful for it.
It takes a while :) i estimate somewhere around 4 hours, i break it up and note interesting developments as i spot them.
Thank you very much for the kind comment and glad you are enjoying the report :)
Thank you!
Looking forward to future reports.
Awesome info and good luck to all
@stan @jademont @xeroc @peerplays @zappl @btswolf @blockchnd @virtualgrowth @peerplays @cm-steem @officalfuzzy @eric-boucher
Hey steempower, thanks for all the stats! Do you know what the maximum transaction per second is for Bitshares?
Thanks