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BitShares to Change its Own History by stan

View this thread on: hive.blogpeakd.comecency.com
· @stan ·
$603.21
BitShares to Change its Own History
# BitShares to Change its Own History
<center>**"We're effectively going back to Guy Fawkes Day, 2014 -- and switching timelines."**</center>

<center>![BitShares Turns Back Time](https://i.gyazo.com/dc17b2bc31464b336637888a7b03b22e.png)</center><center>
**Don't bet your future**
**On one roll of the dice**
**Better remember**
**Lightning never strikes twice.**
Huey Lewis - *[Back in Time](https://www.youtube.com/watch?v=ZXN6tgE4g_4)*</center>

> <center>**STOP!  Pessimists Beware!**
> This is an Optimist's riff in 'B', 
> watch me for the Changes, and try and keep up, okay?"</center>

**"Marty, do you know what this means?"**
</center>

While many ups and downs no doubt still lie before us, we for a moment have a surprise opportunity to "dream some impossible dreams" and perhaps "right some unrightable wrongs" as Don Quixote once sang.  Why, we might even correct some correctable compromises forced on us by formerly limited resources – *like they never happened*.  

<center>We find ourselves suddenly transported back in time to that key historical nexus point: 
**Guy Fawkes Day, Nov 5, 2014** 
**The Day of the Infamous BitShares Merger…**</center>

<center>![enter image description here](https://i.gyazo.com/dcb032f0a7a49b04853dc938dcb8f1c5.png)
</center>

What changes to history should we make?  

Here are seven that I find tantalizingly within reach:

### Stan's Seven Planned Changes to History

1.	**Restore Market Cap**.  On that fateful day, Meghan Trainor topped the Billboard Hot 100 with *All About That Base*, Bitcoin had tumbled to $350, and BitShares were hovering at 2 cents each.  Due to some perverse twists of fate, that price has been gradually eroding ever since.  But lightning has struck twice!  We are now back to the market caps of those heady days.  Let's all enjoy them while the flux capacitor is recharging.

2.	**Reverse Dilution**.  [With the advent of the HERO](https://steemit.com/bitshares/@stan/the-hero-from-bitshares-island-5), we have a potentially huge new source of demand for BTS.  This could gradually drive the amount actually in circulation back down below the original supply of 2.5 Billion. Most could get locked up indefinitely in Smartcoins™.  If this happens, the community may feel more free to use the witness and worker funding mechanisms because their negative effects will belong to _Some Other History_.  They will no longer produce a steady-state growth in the number of BTS in active circulation.   BitShares could quickly become, egad, deflationary.

3.	**Implement Suspended Features**.  We may soon have enough funding to complete the vision as originally articulated by Dan "Bytemaster" Larimer.  This could also attract more qualified people or companies to work on them. 

4.	**Add Spit and Polish.**  We can drive to get everything up to the premium quality expected by the general public.  This includes better on/off ramps, customer support and consumer grade tools.  

6.	**Attend to Marketing.**  We may soon see a fresh grass-roots launch of a robust marketing campaign.  We have a compelling investor business case and the HERO is a mainstream story that internet marketers can easily tell.  Highly motivated efforts could begin to blossom shortly.

7.	**Hire BitShares Heroes**.   Those faithful and long suffering unpaid heroes who have been most effective in keeping BitShares moving forward could find themselves with many paid opportunities.  Even now it's hard to find talent that isn't working multiple projects.  What will that be like if this keeps up?

8.	**Reach out to the Industry.**  With an infinitely scalable [platform for integrating platforms like EOS](https://steemit.com/eos/@dantheman/join-me-at-consensus-2017-for-the-eos-launch-party) on the horizon, (should we choose to embrace it and ride the  wave forward), BitShares can begin to reach out to other communities, entrepreneurs and industry leaders about strategic partnerships and mutually beneficial ways to boost the whole industry.  We want BitShares to thrive in a thriving industry.  And the EOS rising tide could help to raise many boats and foster cooperation instead of meaningless competition.

**The net effect of all these changes is to place BitShares on a completely different timeline.**  The timeline we *would* have been on if we had been much wiser, richer, and better looking on Guy Fawkes Day, 2014.  If you vaguely seem to remember living through some other timeline, rest assured, it was all just a bad dream!

<center>![BitShares awakes from a dream](https://i.gyazo.com/8a0612286aca0c1cc734d8c0d2edc68e.png)</center>

Historically, BitShares has always had the best combination of innovative technology and supporting community.  Its problem has been lacking the skill, inclination and resources to build powerful industry alliances and mainstream customer demand. 

<center>![BitShares gets an infusion of Whale power](https://i.gyazo.com/833b5c7a9fe83bed84eed2a1bac12c0f.png)</center>

One possibly archetypal investor saw this situation and commented that our only missing ingredient was something she had in abundance – [whale power](https://steemit.com/bitshares/@stan/whale-powered-assets).  If we suddenly find it easier to convince investors like her to send massive doses of cryptoplutonium surging into the Graphene/EOS ecosystem, we may soon be able quote Marty McFly with renewed determination and confidence...

**“History is gonna change!”**
<center>
![BitShares history is gonna change!](https://i.gyazo.com/9dc2eaaa12827c1a3cfde67e8a37d2d3.png)</center>

Cheers,

**Stan Larimer,** President
[Cryptonomex](https://cryptonomex.com)
*The Godfather of  [BitShares](https://bitshares.org) and [Steemit](https://steemit.com)*


----------
####**About the Author -- Stan Larimer**
[Follow Me On Steemit - The Social Media Platform That Pays](https://steemit.com/@stan)
[Please Connect To Me On Linkedin!](https://www.linkedin.com/in/stanleylarimer)

**Greatest Hits**
[Bitcoin and the Three Laws of Robotics](https://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics)
[Engineering Trust with Charles Hoskinson](https://steemit.com/bitshares/@stan/engineering-trust-with-charles-hoskinson)
[The Origin of BitShares](https://bitsharestalk.org/index.php/topic,14019.0.html)
[Why I will never give up Christianity](https://steemit.com/philosophy/@stan/why-i-will-never-give-up-christianity)

<center>![enter image description here](https://i.gyazo.com/ae771c582e4d838a360565dd32017497.png)

"*I've enjoyed 40 years developing unmanned air, ground, sea, and space systems.*
*These days, I build unmanned companies.*"

![Stan Larimer](https://i.gyazo.com/04a63d72a3e164d0902a5e6c14de2b0d.png)
<center>"*BitShares and Steemit are great, but they are not exactly rocket science.*"

----------
 #bitshares #cryptonomex #hero
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vote details (390)
@arcange ·
$0.05
You have been mentionned in my hit-parade of 2017.05.07
Congratulations @stan!
Your post was mentioned in my [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20170507) in the following category:

* Pending payout - Ranked 2 with $ 212,86
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@archane28 ·
Remember, Remember the 5th of November..
👍  
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@benjojo ·
$0.94
Fantastic.  Those bitshares stalwarts who have kept bitshares going and moving are heros.
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vote details (5)
@cm-mobile ·
The suspended features you mention, can you elaborate? Do you mean some of the proposed BSIPs or the bond market concept that bytemaster wrote about? 

The funding exists for such development, it just requires a worker proposal to access said funds.
👍  
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vote details (1)
@stan ·
The bond market is a good example.  I've lost track of the complete list.  My point is that it's now time to start discussing what BitShares, the self-funding   company, should be doing on a roadmap to the future.  A key component of speculator interest is whether there is a dev team actively working on a list of promising new stuff.  We are back to where we should probably have a small team of devs making the network seem alive to speculators.

Right now its very alive, but mostly due to 3rd party businesses doing their own private things that often don't directly impact the share price for speculators.
👍  
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@bitcoinsig ·
Is an options chain in the works. I was asked about this earlier this week, a friend wanted to buy a July delivery contract for a coin to be released May 31st :)
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@cyberblock ·
This is a very exciting post! I'm pumped up now to get some more bitshares!. it's going in to my long term hold pile! This crypto addiction has taken over me haha.
Thanks for you post, I can't wait to see more :)
👍  
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@konelectric · (edited)
I always enjoy your posts @stan. There entertaining and inspiring. Why is it that your not on the Bitshares hangouts? You could energize the community just being there.
👍  
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@stan ·
Thanks.  I'm usually there, except when traveling, but needed to keep my mouth shut ...until now.
👍  
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@konelectric ·
I can't be there because of work. But I'll be listing for you on the replay.
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@konelectric ·
https://m.soundcloud.com/beyond-bitcoin-hangouts/bitshares-hangout-20-w-chris4210-officialfuzzy-2017-05-012
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@noganoo ·
This is some exciting news!  I can't wait to find out what EOS stands for, I bet it's big!  Haha.  Congratulations on the market cap, @Stan.  I am also excited to take some more profit on Steem.  I have almost everything I need now for a large scale organic garden and small food production business!  I will certainly provide my sodas and sauces directly for Bitshares and even custom labeling!  Thanks for the update @Stan!  Nice to see you again.
👍  , , , , , , , , , ,
👎  
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vote details (12)
@pairmike ·
$0.89
When will HERO start trading?
👍  , ,
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vote details (3)
@stan ·
$0.74
Fabian is lining up price feed generators right now and equipping them with documentation to be completed next week.  So I expect we'll get to critical mass toward the end of next week.  We need at least 7 feed publishers and would like to see more.
👍  ,
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vote details (2)
@cyberblock ·
A steem dream!
👍  
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vote details (1)
@pairmike ·
How does one become a feed publisher?
👍  
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vote details (1)
@road2wisdom ·
Another great post as usual. Very informative and detailed. Thanks
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@samupaha ·
A few comments:

> 2 Reverse Dilution.

Please let's not talk about dilution in the case of BTS. There is no dilution in Bitshares, period. Supply is fixed, and it can only decrease if tokens are destroyed.

The reserve pool is one of the greatest innovations of Bitshares. Instead of downplaying its meaning and talking like BTS is like any other coin that's supply is handled with a formula, we should emphasize that Bitshares is a unique system. The amount of liquid BTS can grow, but that's not the same thing as dilution.

> 3 Implement Suspended Features.

Maybe they were suspended for a reason? Instead of trying to get back to the road that has already failed, maybe better solution would be to do some serious market research and find out what people actually want and need. Is there a pain that Bitshares can relieve? The priorization of development should be based on what markets want – not what was planned a long time ago.

> 4 Add Spit and Polish.

Bitshares is still trying to get early adopters. They are usually very forgiving when it comes to UI, bugs and stuff like that.

Premium user experience is important for the majority. But before the majority is reached, early adopters need to get taken care of. And often it's enough for them if you just tell that UX improvements are coming in the near future. There is no acute need to use lots of resources for it.

When Bitshares has so much early adopters that [crossing the chasm](https://steemit.com/hero/@samupaha/want-to-go-straight-to-the-mainstream-market-you-ll-probably-fail) starts to get really close, UX becomes truly important. But there is still a long time for that.

It's very common mistake to polish UX for a product or feature, thinking that *"once the UX is perfect, markets will love us!"*. But it's highly possible that markets just don't want the product. In that case it doesn't matter how great the UX is, nobody will buy it.

> 7 Reach out to the Industry.

Yes, this is really important. Talk to potential customers, investors and developers and find out what they need and want.

Let's not forget that Bitshares is a platform. For a platform there is at least two totally different market segments: developers / service providers and end-users. Mastering platform economics is hard because chicken-and-egg problem is very common. Service providers are not interested because there are no users. Users are not interested because there is no services or applications that they need and want.
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vote details (9)
@stan ·
All good points.  Best way to master platform economics is to experiment.  
My main point is that the argument that we need to hunker down and do nothing until the market cap improves is now more foolish than ever.  There are many things that could be done and we should be discussing them.
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vote details (1)
@myedream · (edited)
I really like to read Samupaha and Stan discussion.

Just to share my thought...

I am very new in to this crypto world... just starting last February, 2017.  As an investor and trader. 

Since like a late student, so I do a lot of reading.... about bitcoin (again), ethereum, blockchain, ICO, token, exchange, decentralize, inflation, deflation, keynesian, austrian, autonomous... everything that can help me really understand this "crypto - blockchain" revolution.

After going through all the 700++ cryptocurrencies...finally I conclude that... BitShares is the most undervalued crypto currency!

Something missing!

1. A lot of people don't  know it existence.

2. If they stumble upon BitShares at coinmarketcap.com but they don't know exactly what is the biggest problem that BitShares solved  since 2-3 years ago! 

3. If they know (like me), they still don't feel the "steem"! I just found this guy (new potential user) comment about BitShares on YouTube:-  

https://www.youtube.com/watch?v=NPDdKVsAN3Q&t=214s 

"This is really awesome! Really really cool stuff... but..."

4. The most probably channel that people found BitShares is through coinmarketcap.com (or similar sites) and from there they will goes to the website BitShares.org BUT there can't read all the updates about BitShares because no BitShares Steem Channel or Stan Steem Channel there!

5.  So I say to my self... BitShares have an ultimate solution to the Crypto Currency Blockchain problem - The Decentralized Exchange, but currently a very limited people use it everyday in a very closed ecosystem.

6. I can't imagine that if BitShares have a very good technology that anytime can handle as big as Nasdaq transactions in the blockchain, BUT someday in the future, there is something similar to "Nasdaq Blockchain Exchange" but they don't use BitShares!

7. However, as Stand said above:

"We may soon see a fresh grass-roots launch of a robust marketing campaign" simply timing!

May The Force Be With BitShares!

Regards,

J. Maideen
👍  
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vote details (1)
@sebastianjago · (edited)
$0.09
This is great Stan. You are doing a great job and those invested in BitShares and the associated brands are grateful. I am watching with enthusiasm and enjoying the journey. Do you have a suggested feedback forum for ideas and concepts in relation to BitShares and other as I would like to contribute?
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vote details (2)
@stan ·
$0.07
Different people use different forums.  This one on Steemit is best for formal articles.  The Telegram group is a great respectful place for ongoing stream-of-conciousness discussions.  BitSharestalk.org has topical threads that are more organized.  See which one you like!
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vote details (2)
@solarguy ·
Excellent post.  I'm hoping to use BTS to help account for and fun a project I'm working on.
👍  
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vote details (1)
@team101 ·
Interesting post!
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@terrybrock ·
Wishing you all the best, Stan! Looking forward to you changing history!
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