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Paradigm shift from Bitcoin to Bitshares by oudekaas

View this thread on: hive.blogpeakd.comecency.com
· @oudekaas · (edited)
$73.31
Paradigm shift from Bitcoin to Bitshares
![image.jpg](http://godsanswerforamerica.org/wp-content/uploads/2015/06/The-Paradigm-Shift.jpg)

If you are new to the cryptocurrency market or have been investing for a while, I think we all like to agree that investing in BitCoin is the least riskiest option of them all. For we all trust that Bitcoin will skyrocket to outerspace and reach new all time highs. Or is it...........

**rocket technology**
Bitcoin's launch was in 2008 and when Satoshi Nakamoto launched it, he did it on his own, with the technology that was available to him in his shed.
Mesmerized how high the rocket went, he quickly decided to go undercover as he new the technology probably wasn't good enough to overcome earths gravity. The damage it would cause on it's return would probably shame him and his family into the afterlife.

<center> ![image.jpeg](https://steemitimages.com/DQmW5XDtHB16SJL5DSSdMWmP2GCZqdZ8P1uJojxNqzEdGuG/image.jpeg)
</center>

**Risky Shift**
Perhaps you have heard of a phenomenon called **risky shift**, it might be a little farfetched to use it on Bitcoin, but could it be that as a group we are deciding that Bitcoin is safest (as everyone seems to think Bitcoin is the top coin) whilst really the overwhelming evidence suggest, it could now well be one of the more riskier coins to invest into.

"everybody is jumping so I guess it must be safe!"

Why do I have a feeling that those who invest now at 4000$ are trying to put energy in a rocket that is about to make a 180 degree turn to vaporize in the earths atmosphere?

**Endgoal of our investment**
People who join now are either hoping for BTC to become worth 100K$ or even a million$. Which could happen but how likely is it really to get these returns?
Read on and safe yourself a fortune.

**Bitcoin has major issues**
Right now Bitcoin is valued on the basis that people know that it has value and becomes more valuable due to scarcity. 
There really isn't much more to it.
People love the idea of a currency and everyone loves the  idea of becoming wealthier by investing in this cunning technology.
But how cunning is it still, nine years after it's birth?

Unfortunately unless Bitcoin solves it's biggest issues, that of scalibility-transaction fees and transaction speed it has no chance to become a digital reserve currency as it will simply be too slow and too expensive. Read the [benchmark](https://steemit.com/steemit/@oudekaas/the-ultimate-benchmark-bitshares-versus-bitcoin-who-will-survive-the-test-of-time) of BitShares versus Bitcoin to see how outdated Bitcoin really is.

Let alone the fact that the whole idea behind Bitcoin that of a decentralised coin is not feasible anymore, due to the simple fact that there are now 3 major companies ruling over the mining network of Bitcoin and they pretty much have control over Bitcoin's future....... 

Now if that isn't bad enough, right now Bitcoinmining uses up the amount of energy equal to what Croatia uses, indeed a whole country.... Is this really something we want to sustain?

![image.jpeg](https://steemitimages.com/DQmTpYCgskZvy4Z1XVZdEnufpHFAz9TtZmjRPDZ3BEnLRc3/image.jpeg)

**Upgrading your favourite oldtimer Lada**
If you owned a Lada, would you put in hundreds of thousands of dollars to rebuild it, so it resembles a Ferrari or just buy the ferrari itself?
This is the problem with Bitcoin, we are now trying to build different layers around Bitcoin to make it go just a little faster.
Clones are being made because already there is a divide between the very few that have control over Bitcoin.

Yes you might fit an engine of a ferrari on the roof of a Lada but it will create other issues, probably imbalancing it's weak structure. So you might rebuild the chassis, slowly finding out that you are starting to forget the reason why you loved the lada in the first place. Eventually ending up with a product that is less than desirable, eventually coming to the conclusion that it was a silly idea to begin with.

**simple investment advise**
Perhaps just leave the lada as it is and investing into a proper ferrari might be the better thing to do here.
Truth be told I love talking nonsense, but how is Bitcoin different to the Lada? 

I think we should leave Bitcoin for what it is, it hasn't failed, it has given us a great basis to work with, but we have to accept that it's concept is already outdated for what we want to use it for.

Remember all the drama we had from Segwit, all the stress of where to put your money? Do the research and figure out how much faster/ cheaper  Bitcoin has become after Segwith. 
Do we really want to keep upgrading Bitcoin like that? Or shall we just call it a day?

**What are we waiting for?**
I really don't know, I sincerly hope people recognise the issues before it is too late, especially when you are just joining.

**solution**
Well oudekaas you sure know how to burst my bubble.
I am not all terror and it would be unfair to not offer a solution, which is pretty simple.

**It is time to focus on a car you can proudly drive around with in the year 2017/2018 and is ready for the next couple of decades.**

--------------------------------------------

_I very much suggest to do your own research and don't take my word for it.
If you believe that cryptocurrencies will replace the banking system or will function as a second or primary reserve currency, the best one could do is to try and find which crypto is geared up to function as a bank, as a reserve currency and as an investment device within which you can choose what risks you like your investment to be exposed to.
Only that type of crypto should be worth your investment right now, for it will have the biggest potential to give returns unlike nothing seen before in crypto._
---------------------------------------------
**That investment [vehicle] you are looking for is BitShares. A fully finished design of ferrari, build on a graphene engine. It hasn't got slicks but it is slick as ****!**

# Paradigm Shift

**Be your own bank**
Bitshares is decentralised and allows any person to be their own bank without a third person telling them what can or should be done.
You decide what risks you take, no banks that play roulette with your money anymore.

This is the paradigm shift we all want to be part of, an investment you can proudly put your money behind, for it offers a solution to our crooked economic system. 
It is time to invest your hard earned money into a fair system, with clear rules and unique opportunities.

Companies can create their own cryptocoins/ shares/ insurances on this all encompassing system without dealing with a middleman, again they can be their own bank, their own stock exchange, their own insurance,

Yesterday I wrote a [benchmark](https://steemit.com/steemit/@oudekaas/the-ultimate-benchmark-bitshares-versus-bitcoin-who-will-survive-the-test-of-time) about BitShares vs BTC.

Please do your own research, but if you can find me another crypto ecosystem that is better than BitShares I would love to hear it as I don't think there is.

So why wouldn't we all shift to BitShares and educate everyone around us about this incredible ecosystem?

I have not even mentioned the marketing campaign that is being started up around BitShares if you like to know more check:

[billionherocampaign](http://billionherocampaign.com) and follow @stan.

[interview with @Stan explaining what Bitshares is](https://steemit.com/bitshares/@stan/my-digital-sovereignty-series-interview-with-giselle-koy).
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@ahmermalikuuuuu ·
nice
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@oudekaas ·
thx
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@ahmermalikuuuuu ·
nice
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@bukharisulaiman ·
@oudekaas, solid information about future investments, thank you for writing good friends. greetings from me indonesia.

@bukharisulaiman
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@oudekaas ·
your welcome. Glad you enjoyed it.
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@chesatochi ·
Great article and enjoyed reading it. The best is to expose a portion of your crypto investment in bitcoin.
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@dandesign86 ·
$0.12
Very nice metaphor, and though I would own a Lada for memorability, I wouldn't want to drive it. The thing holding up  Bitcoin right now is the fact that it has first mover advantage and the brand is more well known. But if you look at technology compared to many other coins it is already a bit outdated. 

 If the belief in bitcoin starts faltering the value will fall very fast, which is probably what is happening to the Dollar right now as we speak. Belief is a powerful thing, but it can change quickly.. .  Nice Post
👍  ,
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vote details (2)
@oudekaas ·
$7.23
Thx Dan, yes I agree, belief is a very powerful thing, unfortunately therefore could also be very dangerous if you don't back the belief up with reasonable evidence.

I wonder how many Bitcoin investors are actually aware of the troubles ahead or aware of how little Segwith has changed in terms of Scalibility. It is just that everytime I read about future solutions for Bitcoin, it has a lot of ifs and buts to it. On that basis alone I rather put my money on something that works 3 orders of a magnitude better/ quicker and cheaper. 😄

Having said that if people keep blindly having faith, I will eventually only be trading my BTS to Stan and vice versa as we might be the last two souls keeping BitShares alive 🤔.
👍  ,
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@liondani ·
$4.75
I don't know about the other's but count me in to transfer our bts back and forth...  So make us 3
👍  ,
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vote details (2)
@grizgal ·
$0.22
You are missing some major points here. You are basing the analysis purely on which is the better technical solution (and I'm not sure I agree with your conclusion anyway). But parking that for one second. Bitcoin has first mover advantage. It has brand recognition. If anyone wants to buy any of over 900 alt coins, they are more than likely going to have to buy bitcoin, then transfer and exchange.  If anyone in the world outside of crypto has heard of crypto, it will be bitcoin they will have heard of. If a merchant accepts crypto, they accept bitcoin.

Whilst bitcoin may not have the most Elegant solution, the positives it does have are massive and will be extremely difficult to overcome for a challenger.  Therefore, whilst I agree, bitcoin has issues to solve and may not be the best technical solution in all cases, I believe it will remain the leading crypto for years to come!
👍  , ,
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vote details (3)
@oudekaas · (edited)
$0.07
Hi grizgal, thx for your comment. In the Benchmark I do take into account the fact that it has first movers advantage. 
Technically there is no way around it BitShares offers an all encompassing system which is milestones better, I think you would struggle to argue that. But if you can, I am still learning so I love to hear it.
If I mentioned anything that is off, I made this post for informational purposes and I will adapt it if there is info in it that is incorrect.

Take into account less than 1% of people are invested in Bitcoin and already the performance is painfully slow, it needs a lot of fixing. That also tells us that Bitcoin could easily be overthrown as main crypto under the right circumstances. This won't be easy I admit that!

True that a lot of merchants already accept Bitcoin but how many are actually being used currently? If you are planning to buy a bread with Bitcoin you buy the bread twice in fees and have to wait 10 minutes before your bread is confirmed. By that time I would be done shopping paying with BTS 😄. 
Perhaps the lightning network solves some issues, I am not convinced it will, without causing other major security issues, but I reckon as the race is still on in terms of what could become the main reserve crypto, I rather gamble on the one that has a lot more potential to grow and functionality, purely on the basis of it being better for what it is trying to become.

The positives Bitcoin has are mainly build on trust and incredible hype in a slow growing economy, but as long  as the volatility is like it is, how much trust is there really? Mid-July the price was 2k$ and ask anyone about transactions per second and what Bitcoin can do and you will be amazed how many people are misinformed.
Having said that I believe it could well grow to new ATH as a store of wealth, if purely on the hype of it all.
Time will tell.

People just want to stick their money where it gives a nice return, most don't worry about the functionality of Bitcoin yet.....
This is why I think Bitshares can move in as the technologically advanced underdog with not to be underestimated quite possibly the safest exchange in the world.

The question is what is leading? Highest marketcap or most transactions because in the last case BitShares wins. 
Crypto's should be tested on amount of transactions it deals with and can deal with not how much value it holds. 

I believe there is a place for Bitcoin it could function as we used gold in the old days,  it can function as a store of value and this probably should be it's main focus now. Splitting it up was a bad idea and I am afraid more bad ideas are in the pipeline, due to centralised decision making.

https://steemit.com/hero/@stan/please-don-t-change-bitcoin-you-ll-break-it

Sorry for long reply, bit overenthousiastic 😄
👍  
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vote details (1)
@grizgal ·
$0.21
I agree with many of your technical points.  I also question whether bitcoin will resolve the issues to the extent that it can be used in the way you describe.   I see the technology, not bitcoin, being the main winner here.  Cryptography and blockchain will be used in multiple applications going forward.  

I agree bitshares is a good platform but it doesn't function as a currency (at least I don't think it does).  It is designed to function as a stock exchange type of construct, not for buying bread (as in your example).  I don't see it as a winner and loser situation.  I am sure that in the future better tech will come along and bitcoin will ultimately evolve or die, but in this space, at present, it will take a lot to overcome the advantages bitcoin has.
👍  , ,
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vote details (3)
@jimicoco ·
$0.13
Yes, I'm new to crypto and yes, you gave me some topics to do more research on.  Paws up!
👍  
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vote details (1)
@oudekaas ·
![image.jpg](http://lawrencehumane.org/app/uploads/2017/02/iStock_000025046747_Full-e1492029900601.jpg)
👍  
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vote details (1)
@jorlauski ·
well according to Weiss - BTC has the same grade as BTS - C+ ( hold or neutral) Personally I think it is good to be involved in both , as I see potential in each of them - BTC has a good hold on the market in that you usually need to buy BTC to buy other alt coins - that is a very strong position to be in.
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@kimchi-king ·
I agree 100% with everything you said. 

I'm truly grateful for the time and energy you put in to promote the power and usefulness of the BitShares cryptosystem. 

People who feel they missed the boat with Bitcoin still have a chance to take advantage of this. Imagine if you could buy into something that is 1000x better than Bitcoin at $.077 per coin. OMFG!!! 

For the more risk adverse investors out there just wait until the price hits $4K and then you can jump in.

Viva la BitShares!
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@oudekaas ·
appreciated, sorry for late response!
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@matthewdavid ·
Hey @oudekaas, 

I've come to similar conclusions from the reason I've done... but I still have a lot to learn. I appreciate this post. It'd be great to get more people trading on the Bitshares Distributed Exchange.
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@oudekaas ·
$0.06
Hi Matthew, sorry for late reply been a bit busy lately with flying. What are your thoughts on Bitshares, what do u think is direct competition to BitShares and how unique are the smartcoins, is there any other crypto out there that offers smartcoins? Maybe tether? have to look into it.
Thx for your comment :)
👍  
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vote details (1)
@matthewdavid ·
$0.14
I am really liking Bitshares right now. I'm using the distributed exchange. It's the first time I've done crypto trading and I am doing well. I'm making successful trades and the experience is good. It took a while for me to learn how to do use the Bitshares DEX, but the time investment has been worth it.

I'm not sure what is a competitor to Bitshares. Waves is also supposed to be a distributed exchange. I haven't tried to use it yet, but I've bought and sold Waves coins on the Bitshares exchange.

I'm not that interested in Tether, as I'd like to trade back and forth between crypto pairs instead of something tied to the US dollar.
👍  
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vote details (1)
@messaoud1 ·
$0.18
I agree with  your technical points , i think people accepte it
👍  
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vote details (1)
@sashadaygame ·
$0.75
Yep.... BTS should moon, just needs better marketing! :)
👍  , ,
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vote details (3)
@oudekaas ·
yes agreed, which is in the pipeline. 🚀
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@mianfahad2 ·
good post like it!
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@oudekaas ·
ty
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@schwmm · (edited)
Are you affiliated with a marketing campaign or BitShares? How heavily are you invested in BTS yourself?

Sorry for asking these questions, but directing an article towards Crypto newbies and then blatantly shilling a specific coin can easily mislead some inexperienced investors. 
Don't get me wrong BitShares might be an alright project, but I myself for example are down 85% of my initial (minor) investment in June.
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@kamidela ·
You just invested at wrong time. Most of the coins are down 60% from June prices... the big blow off happened this summer..  soo i understand you are upset cause you holding big bags, but longterm you are good on BTS.
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@schwmm · (edited)
Yeah many coins are down bigly since June that's true, have quite some bags from that time. But don't worry I only invested a small amount in BTS and are in the crypto space for longer than a few months so I'm good there.
Was just wondering why he solely focused on BitShares even though there are many other projects going on at the moment - quite a few of them more interesting than BitShares in my opinion.
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@oudekaas ·
Hi schwmm, sorry to hear that.
I understand your concern, I doubt that it makes you feel better, but I lost a lot of money years ago by making bad investments in the cryptoworld.
But they were mainly mistakes I made due to greed, impatience and bad luck.
When you jump in crypto you have to make your own decisions, you can't hold anyone responsible but yourself. 
I also think that most people should probably know by now things are very vollatile.

I am not asking to invest, although I hope you will and I am just a steemer who has a big interest in BitShares mainly because I am invested into BitShares and also for idealistic reasons. 
My idealistic reasons for choosing BitShares: I hate what the current monetary system does to everyone around us, I want to see it changed.

Any monetary system usually implodes on itself leaving everyone hanging apart from the wealthiest, why not give BitShares a revolutionary system a chance. It could work, I want it to work and I prefer doing my own finances anyway. 

Taking investment risks, I am willing to take based on a fair system, not something that is backed up by debt and air. 
Will BitShares have it's flaws as an economic system, most likely but I strongly belief the system is not build on greed. I believe in @stan, just based on what he writes and says.

In order to give it a try I didn't invest more than I am willing to lose in it, it is still experimental. Like any crypto, don't put in more than you are willing to lose.

Nevertheless I think all I written down is backedup by facts, so that the reader can make their own decision. 

I have also written articles that cover exactly what you mention, literally a few days ago, to be very careful before making a decision to buy/ sell. See link below.
I do mention in the article above two things, new investors be aware of Bitcoin and I mention they have to make up their own mind in terms of what the best decision is.

https://steemit.com/steemit/@oudekaas/this-may-save-you-some-headaches
👍  
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vote details (1)
@schwmm ·
$0.13
Thanks for clarifying and being honest!
I wish you all the best for your investment and I'm here too for the fundamentals (although like most people I hope to make some decent money on the way ;) )
👍  
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vote details (1)