Bitshares, stealth and market capitalization

in bitshares •  last month

Bitshares is known for most crypto investors. What is less known is what is happening behind the scene. There is a lot going on. New companies hook up with the intention to use the platform for business. There is also a continuous development program and temporary programs to enhance the platform and make it more useful. There are also independent developers that make new features. @agorise is one of them and stealth is one of the technologies currently in development. They also focus on payment solutions and other hardware integration. But I want to look at stealth and put it into a market perspective.

Anonymous coins are hot. Monero, currently valued at 1,9 bn dollars is the most prominent one. But there are several others that promise anonymous transactions. And they are popular. Anonymity is a commodity that is hard to attach a price tag to. Bitshares on the other hand is completely open. What stealth adds is the option to hide both balance by making a hidden account and to hide transaction details such as amount and where it was sent.

monero on steroids?

The technical details are different and I'm not the one to differentiate between them. But I know bitshares as one of the fastest networks around. It is also one of the busiest, only rivaled by steem. Adding anonymity should boost the value to at least half of monero in my point of view. And that, ladies and gentlemen means a whopping 4-5 times higher valuation than today's 213 millions.

the stealth token

Stealth also comes with it's own token. And it's like nothing I have ever seen before. It is not required to use the service. Regular bts is good for that. And when doing so, stealth tokens are bought back automatically from the order book. 60% of all fees will be used for this purpose. I can only speculate how the price development for the token will be once this goes live. Currently the token is traded at 150 bts. But I can't imagine anyone would sell it for under a 1000 once this service is operational. So there is still uncertainty surrounding this token. It could be like owning a chunk of the gold reserves. It could even be better since it is hard coded to buy back. The result is anyone's guess.

What's in it for me?

First of all bitshares is undervalued. Adding it to your cryptofolio should be a no-brainer. Adding stealth tokens is strictly not necessary, this service will be available for anyone once implemented. But as a speculative bet, it is a hit or miss. The tech is functioning and just a matter of getting it sanctioned for integration to the software.

It is therefore important to add your support to @agorise. They've been giving away tokens to attract followers and as a important issue, it should be in everyone's interest to back them up. And who knows? Maybe there will be more perks.

Anonymity is an option everyone deserves in the age of data collection and social herding. The blockchain is a remarkable tech for good and for bad. Reading up on the possibilities and joining @agorise in their social media channels is free and one way to secure freedom on the public ledger.

You can buy monero at 10 times the price to get anonymity. You can do so today. You can also get away with 1/10 and achieve the same by holding bitshares and wait until this tech is available. It's all up to you. Add to it that the bitshares network does not involve energy consuming mining.

The choice is ultimately yours. And by reading up and joining @agorise and the rest of the bitshares ecosystem, the chance you make a more informed choice increases several folds.

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STEALTH transactions will allow anyone to store, send and receive any Bitshares asset - including bitUSD, bitCNY, bitBTC, bitGOLD, bitSILVER etc. completely privately. The transaction time is less than 3 seconds, wallet addresses are human readable (ie. mystealthaccount) and transaction fees are few cents. STEALTH is one of if not the most exciting and import crypto projects happening today.

A dirty little secret is that despite the market cap, nobody actually uses Monero (see http://blocktivity.info/ maybe 6,000 transactions per day compared to Bitshares 400,000 transactions per day) and Monero is technological dinosaur compared to STEALTH.

Nice post! Or you could buy Zcoin or Zencash even cheaper than BTS, and get the full anonymity tag as a bonus.

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It does not come with an exchange, so I'll pass... 🤓

Thanks for the info I will look at @agorise and learn more about this new technology. It looks very interesting.

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Yes. Do it. And do not take my rambelings for face value 🤓

Bitshares is stuffed like a christmass stocking. Bitspark, stealth, ocash, bhc, apasia tech and many more businesses and services going live soon.

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I agree with most what you say. But can they get approval from the committees?

I’m a fan of kencode. Don’t get me wrong. But bts is trying to go mainstream with the billionherocampaign. Not sure if they want all this attention. Just a asking a question that’s all

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With enough community support everything should be possible. It is after all a democratic movement. I find no reason to disclose my balance or my transactions unless I choose to do it.

It will be interesting to see what happens in the committee. But ultimately it is you and I that decide.

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Totally agree. I want stealth. And I’m excited with carbon wallet. And I support kencode with a passion. But. I agree with this but to the average person they think it scary.

I pay my babysitter yesterday with cash. Totally private cash transaction. No harm done. No harm intended. But majority of ppl trip on bullshit they see on the net or tv. Money laundering. Drugs. Hookers. Guns. I agree 99% with this. And I want this to be integrated. And used. But we are fighting an uphill battle. And once the government start looking for excuses. Then they will declare okay. There is a dark market in bts. We need to shut down the dex.

Honestly. I don’t think it’s worth it.

Create its own blockchain. And not deal with all the bullshit politics.

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As far as I'm concerned the politics and legal aspects are lagging and can be disregarded for the time being.

There is more to this than just the potential illegal use. It will strengthen security by orders of magnitude just by hiding the balance. It is one of the things I really hate.

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Again I agree. But I fell it should have been something integrated from day one. I know that Dan Larimer started this project. And kens gonna finish it. And I’m gonna support it 100% by investing in it. But the average bts user isn’t going to be cool with this. It seems as they feel it will brin unnecessary attention. And more risk to an already risky investment.

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Definitely agree. About ppl looking into my steemit account and bts account. I hate it. That’s why I have 5 different bts dex accounts. Because I don’t want the attention. Honestly I apologize funkit and I feel I’m not bringing enough intelligent and or financial support for the cause. I agree totally 100% percent. But at t he same time. Can we sway t he committee ? And at what cost? Sorry for my stupid comments. In my monkey brain doesn’t it make sense to fork off. Go completely out own way. And redesign from scratch. Instead of hoping and praying we will prevail against all the politics that do not. Will not. And is not open to change? And specifically privacy.

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Ha ha - your ramblings are precious!

Nice post funkit. :)

I have some bitshares bought when they cost 2-3 times more expensive. They stay in my wallet and I'm sadly watching as they lose their value:-( I'd like to see them skyrocketing in the nearest future.

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Hold on to them. There is a lot going on. I could write for a week about what, but I think the single most important is stealth.

I thought I got a real good price in summer. I was wrong. So I have been buying more than I thought.

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See? Don't sell under a dollar. If ever.

Why is there a stealth token again, if it is not necessary? I don't really get it. The tech seems to be cool.

Thanks for your opinion @funkit, and your enthusiasm for BitShares.

Your article was positive, albeit somewhat short on facts and details (primarily in the "stealth tokens" section related to STEALTH token buyback). However, it was only last week the info about STEALTH buyBack surfaced, so nobody besides Dan Larimer himself can describe what the code does right now in that regard. I have confidence @kencode will keep us informed and fill in any gaps and complete a robust stealth capability we will all appreciate.

Beautiful post will dony