Bitshares Dynasty: Bitshares, EOS and STEEM In Space????
Periodically I put together a post about the Bitshares Dynasty and what is happening with it. This is something that I am closely monitoring since it is going to really help propel things forward. Watching a project like this is like witnessing the putting together of the Apollo program; we could be seeing history in the making.
What is the Bitshares Dynasty?
For those who are unaware, this is the three blockchains that were developed by @dan Larimer. Comprised of Bitshares, STEEM, and, now, EOS, these form a powerful trifecta that could revolutionize the world of crypto-economics.
@stan is the one who coined the phrase since Bitshares was the first blockchain of the three created. Since that time, STEEM was developed as a specialized blockchain to reward content creators. Most recently, EOS came online looking to serve as a virtual computer.
As powerful as these systems are individually, there are some projects taking place that are looking to combine some attributes. For those who are paying attention, tidbits are starting to emerge about how large this can be.
@stan has been releasing clues pertaining to all that is going on. He wraps his clues in Bible quotes and posts them on his Telegram Group; they now total 70 clues. The other night, he was on Crypto Connie's show discussing the first 35. Between that and some other information, we have a good foundation to understand what is in the works.
Contrary to what many think, there is no destruction taking place. The intent is to grow all aspects of this ecosystem. Instead of operating separately, the belief is that sum of the parts will be much greater when combined.
Even though we have been at this a while, we are still navigating the path of anarchy. Quite simply, there are some who do not play well with others. Without an authority figure, they resort to tactics that are less than admirable. By creating factions within a community, we see the same ole "divide and conquer". This is very prevalent within the Bitshares community.
Fortunately, being one where no party does rule, there are means to move things forward in spite of the actions of a few. This is what we are seeing.
There is a motto, "do no harm to Bitshares". This approach is being respected and implemented. There is a challenge of simply going into a blockchain with new coding and upsetting what is already developed on there. Even if the community agreed, it could cause havoc to those who spent time and money building businesses around the present code.
Hence, we are seeing another chain created. This one will use EOS coding as the foundation. Since there was a ton of money raised and a lot of activity taking place in terms of development, this allows the new chain to leverage the R&D of that community.
Bitshares will tied to the new blockchain created. What is being developed are blockchains that communicate with each other. We also will see wallets that can read multiple blockchains. From the inside, one can see the different chains but to most users, they will have no idea. This is important for those with STEEM to pay attention to.
@stan labeled some of the different projects "the Four Horsemen". For those who like wrestling, this does not pertain to Ric Flair nor Arn Anderson. These "horsemen" are working on different projects independently, all which will improve the entire ecosystem. I posted about Jared Rice and dWeb since it is one of the projects.
Another feature that is being created is to have a multi-token chain. This is where the "wrapping" comes in. The Bitshares Dynasty consists of three tokens which all are going to be a part of this system. There will also be a native token on the chain along with Quintric and EOS Stealth (formerly Cloudcoin). It is going to be a chain with swap capabilities among the different tokens.
@stan brought something up in the video that was very interesting. One of his clues refers to jurisdiction. We all know the regulators are poking their noses into the crypto world, often without a clue what is going on. Nevertheless, each has a different idea meaning regulations are varying greatly. This makes it difficult to operate since one could be legal in one area yet, simultaneously, a law breaker in another. This can happen in one transaction.
Enter the concept of single jurisdiction of one's choosing. How about a blockchain that lets one choose the laws that one operates under? This capability is being developed. The example that was given pertained to the Quint. Since the State of Utah has clear definitions of currency, especially when it is from the U.S. mint, that is one of the states that one would want to transact in. The plan is to have all those transactions taking place solely in the State of Utah, regardless of where in the world one is.
Can you see how radical an idea this is?
To take it one step further, how about eliminating jurisdiction's altogether? Is there a way to do that? Cruise ships do it ever day. Operating under International Law means an entirely different set of rules that does not give any one entity full say over what takes place. So, why not take the transactions and place them in international waters?
But why stop there? Do you know what else falls under International Law? Space.
Why not take a blockchain and have it operating in space? Who is going to be the first to volunteer to be a witness? Lift-off!!!
The goal is to create interoperability among the different blockchains. At present, we see a fractured system. Through the works of the Bench Team, we are starting to see some applications that will certainly help in this endeavor. Of course, they are not the only ones invited to this circus. There are other teams creating solutions that could be integrated in.
Who is the Bench Team?
Here is the important point: there are going to be many announcements over the next few months detailing what is taking place. People are going to have the opportunity to learn about these projects and, if Bitshares holders, choose whether to join in or not. As we know, purveyors of FUD can be persistent. People are going to have to make a choice of whether to be a part of this or not.
As stated, the main Bitshares chain will not be affected nor will STEEM. The interoperability is a choice that individuals will have to make. We know there are many naysayers, even within our own community. Will they be able to influence others?
Each of us has the opportunity to investigate what is taking place. Reading these words (and watching the video interview below) puts one in a very small group. Most are not aware of what is being worked on. This is not meant to be financial advice but we are going to see a window of opportunity presented. What is being described here will unfold in an evolutionary matter over many months so do not go FOMO.. However, there will come a time when the proverbial cat is out of the bag.
Give the video a look when you have time and see for yourself. There is a lot of good stuff happening here.
Like always, the development contradicts price action. It is a wonderful time to be a part of the Bitshares Dynasty.
If you found this post informative, please give it an upvote and resteem.
It was recommended to provide a disclaimer to make it clear what is being expressed here.
Disclaimer:
We know the only reality is that the government is here to help us; that regulators are here to protect the population, that politicians truly serve, and that central banks are adept at navigating through the economic waters in a safe manner. Everything else that falls outside of that is not reality nor should be considered as such.
Since I did not discuss this reality, all of this is a figment of my imagination along with large green frogs, flying pigs, and purple elephants. The writing here could be considered fantasy, fiction, delusion, or the result of too much drinking in my 20s. Any similarities to events of the past, people in real life, or stories in Reader's Digest is purely coincidental and should not be associated with any of that.
If that is not satisfactory, I repeat the disclaimer posted in the video at 13:35 which denotes that this is all fiction in @stan;s mind.
Nice post. Have any idea, what happened to Jared Rice and his dWeb article series ?
24 been on the list, but after #2 post published - SILENCE now for three weeks. A bit weird.
RESTEEMED.
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Everything should be under the common law. Then it’s only about contracts and harm to someone. Since everything is digital, then there is only contract violation to be concerned with.
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