The King has fallen
In my previous post I told everyone about The Tragedy of the Commons. Now it's happening in Bitcoin and it's affecting every crypto in the market. Greediness will lead to tragedy of others, while they the ones manipulating the market are basking with the money of the common people who thought Bitcoin is a good investment. I don't know how far will this go. New comers are probably looking for ways to get their money back.
Now the manipulators will pull everything along with it are the new investors that will lead them to tragedy. Now, what if this investors told everyone that they where scammed? New investors will now be afraid to invest in crypto market. Blockchain was supposed to be for the greater good of everyone and yet these manipulators are tricking everyone that Bitcoin is going somewhere else.
Because of them, I now know what is the best platform. A platform that is dynamic, a platform that isn't dividing, having it's own exchange, wide variety of cryptocurrency, and most of all a platform that can transact faster than most crypto out there. I am calling everyone to join us in Bitshares Network.
Unlike Bitcoin that divides itself when it's founders doesn't agree with each other. Bitshares on the other hand is making it's platform that apply what is needed. We the community are the ones who decides who is the rightful representative that will lead us to our greater good. Here we have our own bitUSD which has the same value as USD.
We have to stop believing everyone specially those who are in Twitter kept saying that Bitcoin will reach $13,000 the truth is they are waiting for the right time to pull their funds and we the ones who keep believing this false prophets are the ones to be blamed of. Because of our greediness thinking that Bitcoin could go further this is what lead us to The Tragedy of the Commons. In time market will heal and these manipulators will lead those poor new comers again in thinking Bitcoin is going to the moon. The truth is they just want to earn using the money of the new comers.
Now, as a Filipino I will not let this happen to new crypto investors that wanting to enter in crypto trading. I will lead them to something that they will sure benefit and that is in the Bitshares Network. As an investor, I don't want to be judge because I don't have a huge amount of Bitshares in my vesting.
My goal for now is to reach 5000 BTS so that investors wouldn't judge me because "I don't have even a $1000 in my investment".
Right now I have 889 BTS in my wallet and I need 4111 more BTS to go. For those who wanted to help me reach my goal you can donate BTS in wallet that is doc-mac18 or you can directly send your SBD or STEEM directly on this account.
Like I said before help me, help them and let them help us reach our goal. Together we can make Bitshares Platform a better place. Thank you!
Nem Dayao,
Your Bitshares Enthusiast
Thanks to @orelmely for the GIF image
Great advocacy @docmastery! I am with you in your ideas about those manipulators. They are real and they will always find ways to maintain their hold on the world economy if decentralization in the form of cryptocurrency fails due to their (again) doings! But I think we have a great opportunity amidst this power struggle. Let us do what we believe in. Steemit and Bitshares are our means to do this.
Thank you @win1254! I plan of doing it locally. Inviting investors in Bitshares Network, it includes of course free tutorials in trading and registering their own Bitshares Wallet.
I like your motivation and the support you provide for bitshares, but let's not lie to ourselves: if we were as popular as bitcoin, we would have a buttload of forks and copycats too. Scammers and assholes don't care what consensus protocol you use - they'll hijack anything. Same goes to the "blockchain was made for greater good but manipulators are manipulating" - it's not bitcoins fault. We could be in its place and bts would be artificially pumped the same way.
While I agree that bitshares is better in every way, we should not try and attract new investors through misguidance.
It all depends on the witnesses to make that decisions. We as community will be liable for that for voting in who will lead us to prosperity. Everything is transparent in Bitshares even ideas before implementing it. We are govern by our leaders(the witnesses).
I agree that it's not Bitcoin fault. But if we look into it? Why is Bitcoin pumping? Then there is what we called margin where traders safely store their money in USDT which doesn't even exist in the first place. Cryptocurrency is already corrupted and we are not condemning these actions.
It really does not depend on the witnesses. New bitshares blockchain can be created by anyone at any time, it's open source, remember? Nothing can stop even you from creating your own "bitshares cash".
And no witness can protect the network from pumping coins with counterfeit money.
Bitcoin is pumping because it is the most popular coin with the most exposure. You pump it a little and millions of lemmings start throwing money at it, pumping even more. When the pump stops - print more tethers and pump btc a little more - and the cycle continues
But who are supporting this pumps? Actually who are the ones circulating information about bitcoin reaching 13,000 usd? What happened to those who bought Bitcoing at such price? Actually it will never stop if we continue supporting the use of USDT.
Yes it is actually open source but it's up to us to weather support it or not.
It looks like the folks on twitter are finding more and more information that supports the theory of bitfinex and tether pumping btc together with non-existent money. But you probably already know that.
It will stop one day and I see only two possible outcomes: either tether/ bitfinex scheme collapses and everyone will lose tons of money, crippling all crypto for a long time, or everyone switches to bitusd and everything continues as normal but with less btc pumps.
As per forks - look at bitcoin again, community divide on some major decision is inevitable when so much people are involved. If we'll face similar adoption, there will be forks and not a whole lot to do about it
I think crypto will survive without USDT. There's bitUSD now and we have plenty of supply of Bitshares for everyone. All they have to do is implement bitUSD in their exchanges for ex. Bittrex and Poloniex.
Nice post
upvote and comment back