What is BitShares?

[bytemaster]

A bit nitpicky, but I think this article's title should have a question-mark at the end.

Two steps ahead of you.

[fluxer555]

A bit nitpicky, but I think this article's title should have a question-mark at the end.

[jakub]

The link to BM's article has changed a bit:
http://bytemaster.github.io/update/2014/12/18/What-is-BitShares/

[santaclause102]

It's a great read!! Especially the part about the bank.

Little feedback:

This means all dispute resolution and law enforcement will be managed by the BitShares community

That sounds a little scary and "imperialistic". It might be the opposite of imperialistic but since the reader might not have the understanding you assume it sounds like you want to take over the world with BitShares and rule everyone

[mint chocolate chip]

Posted on BitSharesBlog about the existence of the Bytemaster's Blog by BitShares Founder Daniel Larimer.

Keep up the good word.

[cn-members]

http://bytemaster.github.io/update/2014/12/18/What-is-BitShares.html

Answering the question “What is BitShares?” has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before getting into the long-answer to this question, let me give you the executive summary. BitShares is one of the most important tools that any community can use to secure their freedom; an idea whose time has come. After reading this post I bet you will agree.

I sent it to my brother who found it a bit hard to understand, in particular he got hung up on this phrase: " Whereas normal banks use illiquid assets to back (collateralize) debt payable on demand, BitShares uses highly liquid BTS as collateral". Maybe you could expand upon this phrase to explain what kind of assets back the debt in the traditional system, and why they are illiquid compared to BTS.

Banks often accepts real estates as collateral , real estates are highly illiquid assets , banks can't find a buyer willing to pay cash for a house in a short period of time with so-called "current market price" . 

[mint chocolate chip]

edit needed: About page http://bytemaster.github.io/about/ has a 'my' instead of a 'me' in the one sentence you wrote.

[cass]

http://bytemaster.github.io/update/2014/12/18/What-is-BitShares.html

Answering the question “What is BitShares?” has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before getting into the long-answer to this question, let me give you the executive summary. BitShares is one of the most important tools that any community can use to secure their freedom; an idea whose time has come. After reading this post I bet you will agree.

Do you do speed BM?  This is a (partially) serious question.  I have absolutely no clue how you can do so much with such limited time without going with zero sleep.  It is even a stretch under that circumstance....

BM = byte *the* machine, isn't it!?

[fuzzy]

http://bytemaster.github.io/update/2014/12/18/What-is-BitShares.html

Answering the question “What is BitShares?” has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before getting into the long-answer to this question, let me give you the executive summary. BitShares is one of the most important tools that any community can use to secure their freedom; an idea whose time has come. After reading this post I bet you will agree.

Do you do speed BM?  This is a (partially) serious question.  I have absolutely no clue how you can do so much with such limited time without going with zero sleep.  It is even a stretch under that circumstance....

[svk]

http://bytemaster.github.io/update/2014/12/18/What-is-BitShares.html

Answering the question “What is BitShares?” has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before getting into the long-answer to this question, let me give you the executive summary. BitShares is one of the most important tools that any community can use to secure their freedom; an idea whose time has come. After reading this post I bet you will agree.

I sent it to my brother who found it a bit hard to understand, in particular he got hung up on this phrase: " Whereas normal banks use illiquid assets to back (collateralize) debt payable on demand, BitShares uses highly liquid BTS as collateral". Maybe you could expand upon this phrase to explain what kind of assets back the debt in the traditional system, and why they are illiquid compared to BTS.

[Geneko]

The massage is so powerful. It provides picture with so clear and easy understanding of idea of a better world that floods with so strong positive emotions. I am afraid we are going to lose excellent developer but we are going to get exceptional marketing guru

[svk]

Excellent blog, thank you BM. I looked at the blog overview and strangely enough there's a blog post from 2007 by Steve Pavlina showing up as the first post on the blog (before your Genesis post), is it supposed to be there?

[Markus]

Great post, I especially like this one:

Dollar denominated debt collateralized by BTS.

It's the most concise explanation of BitUSD I've come across.

[theoretical]

Absolutely fantastic! Lucid, concise and comprehensive.

This material should feature prominently on the main website.

This is brilliant, the best overview of BitShares I've seen.

YES!

This post is amazing.  We need to promote this on every libertarian reddit, blog, site, etc that there is!

Behind every great author is a great editor   https://github.com/bytemaster/bytemaster.github.io/pull/1

Now if only I could convince him to put line breaks in the Markdown source more than once per paragraph...

[CLains]

Great post BM! I can feel the love

[oldman]

http://bytemaster.github.io/update/2014/12/18/What-is-BitShares.html

Answering the question “What is BitShares?” has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before getting into the long-answer to this question, let me give you the executive summary. BitShares is one of the most important tools that any community can use to secure their freedom; an idea whose time has come. After reading this post I bet you will agree.

Absolutely fantastic! Lucid, concise and comprehensive.

This material should feature prominently on the main website.

I also hope Methodx picks this up as a core element of the marketing materials.

 

[Ander]

YES!

This post is amazing.  We need to promote this on every libertarian reddit, blog, site, etc that there is!

[Thom]

  Most excellent! I'm posting a link to it on my usual online hangouts.

[Shentist]

WOW - speachless!

Great 

[matt608]

This is brilliant, the best overview of BitShares I've seen.

[kisa]

Great post.

"is is" small edit needed... "This debt is the money used around the world is is denominated in dollars, euros, yuan, etc."

congrats and thank you BM, great and transparent write up!

[mint chocolate chip]

Great post.

"is is" small edit needed... "This debt is the money used around the world is is denominated in dollars, euros, yuan, etc."

[mike623317]

That's good stuff and that should be conveyed, at least in part on the homepage for first time visitors. In my opinion, if a new user goes to the homepage and walks away after 30 seconds with out knowing what bitshares is, then we're failing to get the message across.

[Ben Mason]

Bravo BM, well broken down with clearly explained concepts and analogies.  I hope the power of your words and innovative tech resonates with everyone the way they have with us.   

BitShares is the most sophisticated and resilient tool for securing freedom that has ever existed.  Just imagine the implications for the future were humanity to adopt this amazing technology en mass?  Mind-boggling!

I love onions BM, but how about a Gobstopper!

....Hard to get your head around it all at first and impossible to swallow whole....
At the beginning, let's face it, it's messy....
But then you start to uncover all the interesting layers of different hue and flavor....
You can't help but stop every now and then to take a good look and admire some new discovery or check on progress.....
Sometimes you can have too much and need to take stock, have a breather....
If attacked, you'll simply break your teeth....
Once swallowed, it becomes a part of you....
And there's a Gobstopper out there for everyone.....

 

[G1ng3rBr34dM4n]

Great work!

Tweeted: https://twitter.com/BrianFalther/status/545623717716705280

Feel free to retweet.  I used the hashtag #bytemastersBlog, might be wise for the official Twitter account to utilize something similar...

[cube]

I like the onion.  And we have the finest.

[chsln]

http://bytemaster.github.io/update/2014/12/18/What-is-BitShares.html

Answering the question “What is BitShares?” has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before getting into the long-answer to this question, let me give you the executive summary. BitShares is one of the most important tools that any community can use to secure their freedom; an idea whose time has come. After reading this post I bet you will agree.

 

Very nice!!

[Mysto]

http://bytemaster.github.io/update/2014/12/18/What-is-BitShares.html

Answering the question “What is BitShares?” has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before getting into the long-answer to this question, let me give you the executive summary. BitShares is one of the most important tools that any community can use to secure their freedom; an idea whose time has come. After reading this post I bet you will agree.

 

Someone should make that into a short video!

[mf-tzo]

That is the marketing that attracted me in the first place. That is the marketing that I was expecting to see from B the last year and didn't see. This is the BM that we all loved from the beginning.
 

[bytemaster]

http://bytemaster.github.io/update/2014/12/18/What-is-BitShares/

Answering the question “What is BitShares?” has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before getting into the long-answer to this question, let me give you the executive summary. BitShares is one of the most important tools that any community can use to secure their freedom; an idea whose time has come. After reading this post I bet you will agree.