I like your thinking on this Oldman! Your thinking aligns with my developing philosophy that Bitshares should be positioning Bitcoin as an ally (at least in these early stages) and not as an adversary as we tend to do now.
I agree. This is key to getting bitcoiners to keep an open mind and investigate bitshares.
The following is how I came to buy my first bitshares:
* The blockchain technology is amazing!
* Use the blockchain technology for currency, and you get Bitcoin!
* Use the blockchain technology for stocks and you get.....BITSHARES! Hey look, they pay dividends!
This is how bitshares needs to be presented, imo. Bitcoin = your currency. Bitshares = your stocks (and commodities, and futures...)
The name is perfect for making this connection.
From my earliest exposure to bitshares back in May where I heard Daniel interviewed, this was the take away point I immediately internalized. I have seen nothing that changes that since then.
Daniel describes how the DAC concept, or viewing bitcoin as a company is a very wasteful operation that can't sustain itself in the long run any more than the U.S. economy can by spending more money into circulation and mortgaging our children's furture to pay for our insatiable greed in the present. Society no longer is willing to defer gratification.
I found his explanation easy to understand, the metaphor a perfect fit. I'm no genius when it comes to stocks, bonds bull, bear, shorts, futures and all that financial jargon I can't seem to keep straight. I didn't hear him getting into the stock market functionality in any detail, only the high level concept of a stock market which people generally understand. I've dabbled in stocks 20 years ago and I see how the market is now rigged. Bitshares is technology that level the playing field for everyone and I can see what the major ramifications of that are. It was an easy sell for a fairly unsophisticated user like me with only limited knowledge of the financial world.
The stock market IS a different animal than what bitcoin represents. Other than the foundational blockchain technology concept, bitshares and bitcoin have little in common. They both address different needs.
Bitshares however provides a superset of functionality that includes cryptoshares that will pay dividends which could be used like a cryptocurrency tho that isn't it's primary role. Just like any asset, shares of a company can be used as a currency, but so can sea shells. Whether that happens or not is not the focus of bitshares success. The measure of bitshares success is whether people see the value in it from what it can do, and that takes time. Marketing of bitshares is as huge an effort as the software is.
I see value in the overall strategy of Invictus products. I'm highly interested in the DNS and Keehotee projects. They will provide HUGE value and I'm a bit unclear how all of these pieces will be rolled out and integrated. Earlier videos and discussions painted a fairly clear picture of the "family of projects", but it's not clear to me if the other projects are moving forward with the same energy and ambition as the bitshares platform. I've looked for more info but I find it far more lacking and less up to date than info on bitshares.