Doesn't this technology essentially make Bitcoin obsolete?  It certainly no longer has network-effect advantage over any other cryptos in terms of merchant adoption.  How will the price of Bitcoin hold against Dogecoin for example, once this system is adopted widely?  Neither would have a value superior to the other accept in terms of the fee ShapeShifter is charging for the service.

Does anyone else think things like this could radically change the way value is measured inside the crypto space?  How will value be measured?

Answering my own post here.....
It seems it is impossible to completely empty a wallet?  Or perhaps there are rounding errors?

Changing the transaction to 0.09 BTSX instead of 0.1 BTSX and thus leaving 0.01 BTSX in the wallet after the transaction fee, allowed the transaction to go through.

BitShares: Rethinking Money

I had something similar but not exactly the same.

I tried to install v0.4.23 on a windows machine where no version of the client has ever been installed.  I didn't get the End User Agreement as is normally the case when installing new, but instead the program behaved as if I already had a wallet set up - asking me for my password.  I removed everything and tried v0.4.22 and everything worked as it should; first the End User Agreement, etc.

Now I made a test by installing v0.4.22 on that computer.  That worked fine and behaved as it should, bringing up the End User Agreement first. So something is definitely wrong with v0.4.23.

Thanks for the wonderful post BM.

I agree with you and I haven't heard that type ideology from you since probably December of 2013 when I was still only lurking here.  It is nice to see that it is still alive.

The reasons you present are precisely the reasons I am here, and I think many here also came for the very same reasons.

But I also agree with everything everyone else here has posted to the contrary.  Ideologies vary widely across the spectrum.  And it is always surprising to me how little most people even recognize their own degree of personal freedom, let alone would be moved to take personal action to secure it.

To make Bitshares a central pillar for an ideology of freedom would require a marketing force equivalent to the type of propaganda machine which goes into effect when governments want to win consensus to go to war for example (basically all syndicated media channels participating).

Simple utility will probably be wildly more effective and realistic.  The yield for example.  And this can be the first stepping stone to realize your greater ideology.

I also agree strongly with liondani.  In the end, bitUSD is the dollar.  That is not freedom.  It is probably a necessary segue though.

Thanks for the quick reply Riverhead.

So my scenario will work then?