Bitshares and what you need to know
Deep inside us we all know we are at the very beginning of a financial revolution and unless the governments take our computers away there is nothing going to stop this from happening.
Money as we know it will eventually become obsolete once the world has decided on one main currency that works based on a core system that is fair and doesn't create money out of thin air. I think it is highly likely this will become an electronic currency.
First of all we have to try and understand how our money system works, discuss it with your friends family and ask if people know why people are working there guts off to stay out of debt. You will most likely find out that still the masses don't understand why and how the system works. Although most know something is off.
If you already know go to step 2 otherwise have a go at step 1
step 1
federal reserve
When in 1913 the federal reserve came into existence the first dollar that was given out was given out as debt. The reason why our current money system keeps growing in debt is very simple in it's core. When the first dollar was handed out as debt an interest was due on this dollar. However imagine having only 1 dollar at first how are you going to pay back that 5% interest if there are no other dollars to pay that interest with. Indeed you need to borrow more dollars! Now you know one of the reasons we are drowning in debts 100 years later after the creation of the federal reserve.
Whether intentional or not, there is a lot of incentive to plunge people into debts as it will give them an incentive to work harder, becoming a slave of the system.
By the end of 2017 the total government debt in the United States, including federal, state, and local, is expected to be $23.4 trillion. Right now every cirizen of the united states owes: 61233$ in 2016 this was 41000$.
Now this is only half of the story, for most it is enough to come to the conclusion that this system is crooked and entirely flawed, called into existence by greed and most likely control of the masses.
source: http://www.nationaldebtclocks.org/debtclock/unitedstates
source: http://time.com/money/4293910/national-debt-investors/
history of federal reserve interesting read:
https://www.scionofzion.com/federalreserve.htm
gold standard
The gold standard (backing the debt of a dollar up by gold as collateral) was left behind to fight the great depression in 1933.
source: http://mentalfloss.com/article/12715/why-did-us-abandon-gold-standard. Although leaving the gold standard probably solved the financial crisis at the time it also meant that by being able to create money out of thin air without backing it up with collateral, future generations were bound to have to deal with the aftermath. We are that future generation.
Step 2.
decentralised financial system
I strongly feel that the current movement in electronic currencies is for most people an escape from the current system. They are willing to take a risk in a volatile currency because they know that leaving their money in a bank isn't much better.
The concept "bank" even though it sounds nice and friendly is however something we have every reason for to detest. The bankers are the cause of an almighty system of greed that plunged most of us in even bigger debts by playing roulette with our hard earned money.
Yet it is the most normal case for us to deposit our money to them, enriching them and allowing them to play roulette.
It is time to take matters in our own hands and we must form a synergy to select a system that at least doesn't plunge us into debt.
2009 was the year that Bitcoin got created, 8 years ago and the value of Bitcoin reached over 5k$ a little while ago.
Even though Bitcoin has first movers advantage we have to remind ourselves that there were great doubts and still are great doubts on whether Bitcoin will make it as a workable currency for everyone to use. The scalibility issues are by no means solved and I think we will soon recognise that there are better candidates out there.
Right now most people still invest in Bitcoin on the simple basis that it grows their wealth probably still thinking in terms of USD and still thinking of Bitcoin as an investment rather then holding it for future use as a currency.
In that respect I do foresee a massive plunge in the future when we hit that point where Bitcoin proves not to be sustainable.
bitshares
I have been looking around for a solution to our financial system and although it is impossible to say there is one fitting solution to cover all intricasies of a financial system, the only coin right now that has the technology and scalibility to serve as a working financial system is BitShares.
I advise you to keep an eye on http://billionherocampaign.com, the brain behind Bitshares, the father of Dan Larimer (co-founder Steem).
@stan the godfather of Bitshares has so much trust in Bitshares that he put 1 million dollar forward of his own money, with the goal of creating 1 billion dollar out of it for a charity goal. This summer he is still planning to finish a lot of goals to setup and transfer Bitshares (numbre 20 coinmarketcap) to the http://billionherocampaign.com
source: https://steemit.com/@stan
Indeed he reckons Bitshares is such a technologically advanced concept and so much better in terms of it's technological properties to function as a financial system that he is expecting Bitshares to follow the rise of Bitcoin and Ethereum (ie. 1000* rise of value), but within a shorter time frame.
Through Bitshares smart coins are created and although I won't go into detail of smartcoins I will mention that the coin to watch is Hero.
HERO is a unit of digital currency whose value is mathematically pegged to the US dollar plus 5% APR since the Creature from Jekyll Islandbegan printing it in 1913. Today the value of the dollar is worth less than 2 cents in 1913 dollars. The HERO is worth over $150 in 2017.
The hero could function as a savings account or a way to borrow more money against the collaterol of more Bitsharses.
There is a lot to take onboard and I am still very much learning about it, but it is all about gaining traction with the masses.
I believe the Billiondollarcampaign will be huge, so whilst there is such a massive positive goal behind it, backed up with the best technological minds and assets it won't be long before Bitshares will get the credit it once received.
Hope you find this interesting!
The best way to learn about Bitshares check the tedtalk from @stan!
https://steemit.com/bitshares/@stan/the-pr-campaign-behind-the-billion-hero-challenge

I'm am also seeing the potential of Bitshares. It seems to have a great technological foundation and is verified with real world use.
My question: Why has it not already gained traction?
Is it that this has been a time of looking to see what would happen with the Bitcoin hard-fork? Something else?
Bitshares looks great and seems to work great in practice with User Issued Assets. I'll be putting some of my Steemit earnings toward purchasing Bitshares (in fact, I just started doing that last night).
I think the main problem is that not enough people know about the possibilities within BitShares, most simply think it is an exchange nothing more. The billiondollarhero campaign is setup to gain visibility but is wstill very much in it's infancy, most people have no clue that it exists or what it is. They are getting celebrities involved and will use major marketing campagins by using a well known advertising company who has worked with famous stars.
https://steemit.com/bitshares/@stan/the-pr-campaign-behind-the-billion-hero-challenge
I feel that once Bitshares finally has a proper gain again people will start checking out what the latest is on Bitshares and without doubt this coin will rise.
It remains weird that people rather randomly put in money in coins that have no future, whereas if everyone just focuses on Bitshares we will all have major returns, before the masses get in.
Thanks for your details reply!
I feel the same way about Bitshares. Hopefully, it starts to be used more and the price will rise... but not too soon as I'd like a chance to buy more. :-)
A lot of information byt yet concise and to the point, very nice post 👍No one realizes that slavery is not gone, its more prevalent then ever before, and it is the banking system that is putting the common man in shackles, by breaking his back with debt!
instructive post, upvoted & will follow.
Very informative post, am very new to bitshares, good starting article with links to follow. Thank you..