BitsharesX is the Financial Atomic Bomb Technology of the 21st century.

[eagleeye]

bump for the people who are working on the project at their job.

(I do not have to bring up old posts but this is only 1 day old)

[eagleeye]

BitsharesX is great, but this thread is kind of over the top.

Can we stop with the "enemy" talk. Its silly.

"Over the top" was a term used in World War 1 to get soldiers out of the trenches.  I am trying to get people to adopt bitshares, that is why I made this post.

Admins, maybe it is a good idea to talk to me on Skype and we can make this post even better, to put it at the top of this forum.  The economic benefits should be known, they are huge.

[eagleeye]

Going from 2.6 cents to $1 dollar (and beyond probably $1000 each too) like bitcoin did (bitcoins went from 1 cent to $1000 dollars in 5 years (This will happen faster though)).  Now why?

Instant transactions (bitcoins takes 15 - 25 minutes)
Asset Exchange (You can play the currency, stock market, and etc through it)
No Inflation
A currency that pays you interest to hold.
It Appreciates in Value

It is BitSharesX, bitshares.org.  Why?  Because it has features bitcoins does not have, significant features such as instant transactions (so it can be like Paypal, Visa or Mastercard).  Together these 3 payment systems process $4 TRILLION (trillion) dollars a year).  This is significant as if someone wants to send it to someone else with bitcoins (which each is worth $500 dollars) it takes 15 - 20 minutes.  How then will they be able to process transactions at Wal-Mart (any store). This shows the top cryptocurrencies http:/www./coinmarketcap.com/ (bitshares is 4th in value with $53 million (2.6 cents each).  While Bitcoins is 1st with $6.7 BILLION in value ($500 dollars each).  Bitshares is 3rd in volume with $1.2 million a day which is significant.  While Bitcoins only has $46 million in daily transaction volume.

A reasonable market cap could take BTSX to $2-3 each. That could happen between now and 2016. After 2016 when the Bitcoin reward halving takes place all the market caps could spike and Bitshares could reach $20-30.

I'm guessing Bitshares could reach 50-100 billion market cap at it's peak. Bitcoin could be over a trillion dollars marketcap if it doesn't get derailed. But I do not expect Bitshares to dethrone Bitcoin so easily even if it's firmly in 2nd.

What else does bitsharesx have?  The Official Asset Exchange.  Why is this significant.  It will be like the NYSE (US Stock Exchange), Nasdaq (US Technology Stock Exchange) this means that people will be able to play the market like buying Google stock through this. 

Could be, but currently isn't. We have a long way to go and need a lot more developer momentum to take it that far. Who knows? Maybe when the market cap is high enough the delegates can get together and start a software development company, then hire a dozen talented super developers.

But what else.

You can own US dollars, and within a few weeks Chinese Yuan (Chinese dollars meaning there will be a big demand from China).  And later EVERY currency in the world.

Demand is hard to get. We don't have real demand from China yet but we do have minor interest. Major interest will happen when or if China authorizes cryptocurrency technology. We don't know where the Chinese government stands but I suspect they don't like what they can't control.

Furthermore you get interest for holding bitshares.  Meaning its like a currency but it pays you money by holding it.  Furthermore there is no inflation there will only be 2.0 billion of them which may sound a lot but each bitshare is only going for only 2.6 cents which means if it overpasses bitcoins it will go up to $3 dollars a bitshare (6 billion in market.

That is correct. $3 a BTSX is a reasonable projection based on the possible market cap. 6 billion is really a drop in the bucket for market caps and that is why I would think 40-50 billion is the peak. I don't expect we'll see prices over $20-30 for BTSX because the world isn't going to accept it so easily. It will take decades to get to $1000 like you were talking about but that is at least possible in theory.

I would say Ethereum has the best shot at a trillion dollar market cap.

But if you incorporate that to use the Asset Exchange or to trade US dollar currency everyone has to have subs of bitshares, like bitUSD, or bitGold, or bitYUAN (Chinese currency).

The chinese like this a lot.  They are the early adopters but its for everyone, everyone is getting into it. 

www.coinmarketcap.com this shows you 450+ crypto currencies.  And Bitshares is 4th  while it is just 1 month old.  Its closest competitor (enemy) is NXT. 

This is certainly impressive and a talking point. 1 month into release and the #4 cryptoequity in the world is a very good sign. It should be in marketing talking points.

But Bitshares X is a long way from replacing Forex. Years away from being able to even try for a trillion dollar market cap. It's not an impossibility because the money is sitting there waiting but it would require society to flip on it's head overnight socially and that isn't going to happen.

Realistically we should be looking at $1-10 billion marketcap in the next 2-3 years. $10-50 billion after the Bitcoin block reward halving draws attention into the ecosystem.

Here is some history to put everything into perspective.

5 years ago in 2009 Bitcoins was released.  It was at 1 cent.  You could call it cryptocurrency 1.0 like how Google search engine is Web 1.0.  Then became Facebook (social network) which is Web 2.0.  BitSharesX is crypto-currency 2.0 how so?  Due to its interactive new features?

Does bitsharesX (bitshares.org for more info) have competitors.  Yes NXT.  But they are way behind in terms that they do not have the instant transactions and it may not work for them.  Furthermore there is 3 months before they say they will release instant transactions and there asset exchange is ineffective as well as they do not pay interest on holding their currency.

At this point there are no competitors.

The market cap we have is around $50-60 million. We could reach $50-60 billion even with NXT, Bitcoin, Ethereum and others reaching into the billions. The leader will probably reach into the trillions.

This is the atomic bomb of the 21st century.  This is like World War 2, it is an arms race to win the war.  Do your part by promoting BitSharesX go to www.bitshares.org to read about it.  Get involved go to https://www.bitsharestalk.org/ sign up.  For further developments and the cutting edge information go to the General Discussion on the forum or here https://www.bitsharestalk.org/index.php?board=5.0.

I don't think it's all too bright to talk about it like it's a war. As if somehow we have to choose one or the other? We can own all and hedge against them all. If Bitshares X market cap reaches $1 billion or more then a lot of people involved will diversify which will help the competitors market caps.

Microsoft and Apple both made billions, Steve Jobs and Bill Gates both were among the richest people in the world, there isn't a lot to complain about for any of us here if the market cap of Bitshares reaches the $10 billion and beyond. In fact by that time I would expect an entirely different generation of investors.

Remember the big winners in the stock market, usually forget about there stocks for a while (a year, 6 months, 5 years) and dont look at the daily movement, but plan the game if you want (I am a financial advisor and suggest dont)

All the best.

Live long and prosper.

If you're a financial advisor maybe you can figure out how to turn BitAssets into "real" legal assets.

I tried to answer your questions but I do not know how to specifically take out quotes like you did.  Will you please help me?

[eagleeye]

I have started the revolution.

Overthetop please register eagleeye in the platform.  Do not let anyone make donations to the account.

you, my friend, are going to be a fun addition to our motley band of wayward travelers...

I already like you.  You should really check our mumble out sometime.

(To Admin Fuznuts)  Who are you in the BitsharesX other than admin of bitsharestalk? (which is significant)  Can you get me in contact with the team

I hope I am a fun addition.  What is mumble?

Mostly I am an enthusiast of crypto who very much agrees with you--business is a form War (competition with dangerous risks for the losers).  However, I also agree that the ecosystem has room for 1,2 or even 3 big platforms (think Google, Yahoo and Bing...if we are talking the analogy of Search Engines). 

As for why I am an administrator of Beyond Bitcoin^x, I suppose I'll have to leave that to others to explain because quite frankly I am doing something that, I believe, anyone here could do... which leads me to the Mumble Server. 

As far as Mumble goes, we have a community Mumble Server where Developers, Delegates and community members can show up to provide project updates and reach out to the community.  These sessions can be recorded (a default option for all users) and used as creative commons marketing, educational, pr, or journalistic content. 

It is a place where investors go to ask Dan the tough questions he told me a long time ago he wanted people to ask him.  I am too much of a Dan fan, though, so I am too biased to really be "hard" on Dan.  So I leave that up to other attendies...

So really, anyone could do what I am doing (the server is available for anyone to set up hangouts/meetups/conferences).  However, for some reason very few people seem to want to organize them and prefer to show up as an active audience member.  So I suppose fate keeps telling me what I need to do through the actions of the community and devs.  Hope that gives a semblance of an answer.  Feel free to stop in and bullshit sometime man.  I meant it when I said you would be fun...even "in war" it is important to have fun when possible.

You'd probably also have some sound advice that is always valuable too.  We can all teach each other something of value...

There is no why needed, the why is in the way you talk, your post count and your seniority in this specific technology. (referring to why you are Admin)

Mumble server sounds cool.  How do I get onto it.

Also, thank you very much for your words to me.

P.S. I think I might be a pigeon

lol.

You are theFuzz.

[fuzzy]

Oh...and btw. 

The Mumble download can be found from this link: 
https://bitsharestalk.org/index.php?topic=4150.0

[fuzzy]

I have started the revolution.

Overthetop please register eagleeye in the platform.  Do not let anyone make donations to the account.

you, my friend, are going to be a fun addition to our motley band of wayward travelers...

I already like you.  You should really check our mumble out sometime.

(To Admin Fuznuts)  Who are you in the BitsharesX other than admin of bitsharestalk? (which is significant)  Can you get me in contact with the team

I hope I am a fun addition.  What is mumble?

Mostly I am an enthusiast of crypto who very much agrees with you--business is a form War (competition with dangerous risks for the losers).  However, I also agree that the ecosystem has room for 1,2 or even 3 big platforms (think Google, Yahoo and Bing...if we are talking the analogy of Search Engines). 

As for why I am an administrator of Beyond Bitcoin^x, I suppose I'll have to leave that to others to explain because quite frankly I am doing something that, I believe, anyone here could do... which leads me to the Mumble Server. 

As far as Mumble goes, we have a community Mumble Server where Developers, Delegates and community members can show up to provide project updates and reach out to the community.  These sessions can be recorded (a default option for all users) and used as creative commons marketing, educational, pr, or journalistic content. 

It is a place where investors go to ask Dan the tough questions he told me a long time ago he wanted people to ask him.  I am too much of a Dan fan, though, so I am too biased to really be "hard" on Dan.  So I leave that up to other attendies...

So really, anyone could do what I am doing (the server is available for anyone to set up hangouts/meetups/conferences).  However, for some reason very few people seem to want to organize them and prefer to show up as an active audience member.  So I suppose fate keeps telling me what I need to do through the actions of the community and devs.  Hope that gives a semblance of an answer.  Feel free to stop in and bullshit sometime man.  I meant it when I said you would be fun...even "in war" it is important to have fun when possible.

You'd probably also have some sound advice that is always valuable too.  We can all teach each other something of value...

There is no why needed, the why is in the way you talk, your post count and your seniority in this specific technology. (referring to why you are Admin)

Mumble server sounds cool.  How do I get onto it.

Also, thank you very much for your words to me.

P.S. I think I might be a pigeon

[eagleeye]

I have started the revolution.

Overthetop please register eagleeye in the platform.  Do not let anyone make donations to the account.

you, my friend, are going to be a fun addition to our motley band of wayward travelers...

I already like you.  You should really check our mumble out sometime.

(To Admin Fuznuts)  Who are you in the BitsharesX other than admin of bitsharestalk? (which is significant)  Can you get me in contact with the team

I hope I am a fun addition.  What is mumble?

Mostly I am an enthusiast of crypto who very much agrees with you--business is a form War (competition with dangerous risks for the losers).  However, I also agree that the ecosystem has room for 1,2 or even 3 big platforms (think Google, Yahoo and Bing...if we are talking the analogy of Search Engines). 

As for why I am an administrator of Beyond Bitcoin^x, I suppose I'll have to leave that to others to explain because quite frankly I am doing something that, I believe, anyone here could do... which leads me to the Mumble Server. 

As far as Mumble goes, we have a community Mumble Server where Developers, Delegates and community members can show up to provide project updates and reach out to the community.  These sessions can be recorded (a default option for all users) and used as creative commons marketing, educational, pr, or journalistic content. 

It is a place where investors go to ask Dan the tough questions he told me a long time ago he wanted people to ask him.  I am too much of a Dan fan, though, so I am too biased to really be "hard" on Dan.  So I leave that up to other attendies...

So really, anyone could do what I am doing (the server is available for anyone to set up hangouts/meetups/conferences).  However, for some reason very few people seem to want to organize them and prefer to show up as an active audience member.  So I suppose fate keeps telling me what I need to do through the actions of the community and devs.  Hope that gives a semblance of an answer.  Feel free to stop in and bullshit sometime man.  I meant it when I said you would be fun...even "in war" it is important to have fun when possible.

You'd probably also have some sound advice that is always valuable too.  We can all teach each other something of value...

There is no why needed, the why is in the way you talk, your post count and your seniority in this specific technology. (referring to why you are Admin)

Mumble server sounds cool.  How do I get onto it.

Also, thank you very much for your words to me.

[fuzzy]

I have started the revolution.

Overthetop please register eagleeye in the platform.  Do not let anyone make donations to the account.

you, my friend, are going to be a fun addition to our motley band of wayward travelers...

I already like you.  You should really check our mumble out sometime.

(To Admin Fuznuts)  Who are you in the BitsharesX other than admin of bitsharestalk? (which is significant)  Can you get me in contact with the team

I hope I am a fun addition.  What is mumble?

Mostly I am an enthusiast of crypto who very much agrees with you--business is a form War (competition with dangerous risks for the losers).  However, I also agree that the ecosystem has room for 1,2 or even 3 big platforms (think Google, Yahoo and Bing...if we are talking the analogy of Search Engines). 

As for why I am an administrator of Beyond Bitcoin^x, I suppose I'll have to leave that to others to explain because quite frankly I am doing something that, I believe, anyone here could do... which leads me to the Mumble Server. 

As far as Mumble goes, we have a community Mumble Server where Developers, Delegates and community members can show up to provide project updates and reach out to the community.  These sessions can be recorded (a default option for all users) and used as creative commons marketing, educational, pr, or journalistic content. 

It is a place where investors go to ask Dan the tough questions he told me a long time ago he wanted people to ask him.  I am too much of a Dan fan, though, so I am too biased to really be "hard" on Dan.  So I leave that up to other attendies...

So really, anyone could do what I am doing (the server is available for anyone to set up hangouts/meetups/conferences).  However, for some reason very few people seem to want to organize them and prefer to show up as an active audience member.  So I suppose fate keeps telling me what I need to do through the actions of the community and devs.  Hope that gives a semblance of an answer.  Feel free to stop in and bullshit sometime man.  I meant it when I said you would be fun...even "in war" it is important to have fun when possible.

You'd probably also have some sound advice that is always valuable too.  We can all teach each other something of value...

[jmar42]

Any put leaps out there?

[infovortice2013]

i dont like use war metaphor too linked to this creative brain competition to reimagine everything and do it.

[eagleeye]

Agree with you    Thank you 
Only objection  from me is use of war as metaphor. No war, no enemies only peaceful and challenging   competitors 

Ofcourse it is a war.  This is business, and business is a war.  Howso, when Google came around, was it fair that Altavista lost its user base and therefore had to fire its employees.  NO!  But that is life and that is business.

[eagleeye]

I have started the revolution.

Overthetop please register eagleeye in the platform.  Do not let anyone make donations to the account.

you, my friend, are going to be a fun addition to our motley band of wayward travelers...

I already like you.  You should really check our mumble out sometime.

(To Admin Fuznuts)  Who are you in the BitsharesX other than admin of bitsharestalk? (which is significant)  Can you get me in contact with the team

I hope I am a fun addition.  What is mumble?

[eagleeye]

(To Luckybit) A reasonable market cap of $2 - $3 for BitsharesX (BTSX) is reasonable.  Now your of "..between now and 2016." is possible but the time frame is shorter.

(To Luckybit) You said "I'm guessing Bitshares could reach 50-100 billion market cap at it's peak. Bitcoin could be over a trillion dollars marketcap if it doesn't get derailed."

(Eagleyes reply) There main developer is hidden and not developing.  The people in charge are ineffective and it is a problem with the code.

BitsharesX with a little grassroots marketing from me (contact me via message to help me if you want) will be one tactic.  I know many others and am starting.

(To Luckybit) You said "Could be, but currently isn't. We have a long way to go and need a lot more developer momentum to take it that far. Who knows? Maybe when the market cap is high enough the delegates can get together and start a software development company, then hire a dozen talented super developers." 

(Eagleyes reply) As I said in another thread.  I have 13 years experience developing Internet businesses (over 50).  I was not on just the marketing side, I was the Steve Jobs on my businesses.  Knowing technology but not a programmer.  If they want my help, I will help them.

I am prepared to rally the delegates, if they are willing and want the direction I give them..

(To Luckybit) You said "That is correct. $3 a BTSX is a reasonable projection based on the possible market cap. 6 billion is really a drop in the bucket for market caps and that is why I would think 40-50 billion is the peak. I don't expect we'll see prices over $20-30 for BTSX because the world isn't going to accept it so easily. It will take decades to get to $1000 like you were talking about but that is at least possible in theory."

(Eagleyes reply) It took Bitcoins 5 years to get to $1000 US, new technology adopts faster.

(To Luckybit) You said "I don't think it's all too bright to talk about it like it's a war. As if somehow we have to choose one or the other? We can own all and hedge against them all. If Bitshares X market cap reaches $1 billion or more then a lot of people involved will diversify which will help the competitors market caps.

Microsoft and Apple both made billions, Steve Jobs and Bill Gates both were among the richest people in the world, there isn't a lot to complain about for any of us here if the market cap of Bitshares reaches the $10 billion and beyond. In fact by that time I would expect an entirely different generation of investors."

(Eagleyes reply) Microsoft and Apple are in different sub industrys inside technology.  They both make the most money there industries (however Samsung sells more devices but its market cap is 1/3rd Apples.

(To Luckybit) "If you're a financial advisor maybe you can figure out how to turn BitAssets into "real" legal assets."

Explain yourself further Master Luckybit.

[fuzzy]

BitsharesX is great, but this thread is kind of over the top.

Can we stop with the "enemy" talk. Its silly.

It really is a digital arms race so his analogy is not that far off.  Don't think for a moment that another crypto wouldn't resort to cyberwar-like behavior if they thought it would displace bitshares and put them closer to the top.  I mean just look at this ridiculous "dogeparty" shit and their "BotSharesX".   https://bitcointalk.org/index.php?topic=763383.0&utm_source=dlvr.it&utm_medium=twitter

Very interesting that the "trusted" individual who backed DogeParty (ironically right before a "difficult" interview with Dan Larimer) is actually getting paid by bitsharesx delegates...

I do agree it is best not to fuel the flames, but to think this is some utopic ecosystem where all crypto competitors will form together for their each others' common good is a pretty far stretch (at this point).  Perhaps we'll see that change once the old world starts applying pressure, making it more apparent crypto is not "us against them", but rather innovation minds vs entrenched and stagnant institutions.  For now, unfortunately, we have a bunch of trolls who are largely upset because Invictus' extra time before launch.

Dan and his team have proven a great many people wrong against all odds...and they have made enemies (read jealous competition willing to reach beyond propriety to attack them) for it.  I say good on them...it has only solidified my resolve to help them in the face of any obstacle.  I am certain I'm not alone.

 

[speedy]

BitsharesX is great, but this thread is kind of over the top.

Can we stop with the "enemy" talk. Its silly.