I create a coin [dollar] that the world uses to trade. I can secretly mint as many of these as I want, adding to the pool of coins, but at the same time I use some of these new coins to buy up any other coins, that cannot be created so easily (commodities) that are being used as a ratio to value my coin. I will effectively inflate these other coins for a short time before reaching a critical point where my ability to manipulate them offsets the balance in my favour.
Bitcoin is a threat to the current system. It has been since its adoption on relative mass. Let’s not kid ourselves that large accumulation over the past year has been at the expense of the central banking cartel. They are not sucking their thumbs while watching from the sofa.
Likewise Bitshares is at risk from the same animal with an added risk that its shareholders may not necessarily have the education/aptitude to vote in the best interests of the technology.
Although the downtrend of Bitcoin reduces the margin between it and Bitshares, this is not a great achievement.
Conversely, both the reduction of Bitcoins marketcap and a rise in the bitshares marketcap may give a solid impression.
Ultimately I would like to see us reach a point where the general population will have little choice but to embrace Bitshares and its family of Dacs. [ie. Streamlined Educational, Financial, Commercial facilities etc.]
As I read here on the forum somewhere… ‘Henry Ford had suggested that if he had asked the people what they wanted they would have answered “a faster horse”’
Topic: [POLL] When BitShares Makes Its Move... (Read 5331 times)
