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RE: Bitshares – what is happening?

in #bitshares7 years ago

Many people accuse Bitshares of being centralized - they are referring to the 25 witnesses. Some people blame Bitshares for not having a centralized governance. You are indirectly being frustrated about the side-effect of real decentralisation, which is hard collective decision making, and hence slow progress.

It really is frustrating, and apparently many people compare the short term perspective to alternatives with centralized governance, and see better short term gains elswhere. I bet that's one of the reasons Altcoins with little substance whiz past Bitshares in terms of market cap.

But some people see the long term viability of Bitshares, mainly because of the inbuilt efficiency, scalability, and most of all, a proper stake-weighted governance model. A proof of this is the numerous businesses that are migrating to Bitshares. Businesses must evaluate long-term viability and sustainability. Sooner or later most of the altcoins will bump into the same problems as bitcoin; scalability and governance. They might be viable today, but what about after 10 years? People who foresee the problems first will be the ones to pop the bubbles. Now people just don't see it, or then they are just smart enough to ride the waves and dumb money. Sooner or later many altcoins will crash to the ground because of lack of long-term designing. Bitshares won't be one of them. Bitshares has long-term viability baked in. This unfortunately makes it less sexy in the short term for individuals seeking for massive profits.

Personally I'm in Bitshares for the long term. I have seen how hard it is to get Worker Proposals approved. This actually proves that Bitshares is not controlled by any single entity. All these years I believed that the community will find a way to reach consensus, and regain momentum. Now it seems to be happening. Isn't it encouraging? This is an issue all cryptocurrency communities will have to face and solve in the future. I can't think of any other ones than Bitcoin, Dash, and Bitshares that already have. Bitcoin will likely never have efficient governance, while Bitshares seems to have found a way past it's issues, and now has functioning governance. From now on, Bitshares will start to evolve again at increasing speeds, while other coins will continue to be centralized, or face the same problems Bitshares has already solved. More and more businesses are migrating to Bitshares, and the momentum will soon be unstoppable.

So please re-evaluate your position again. See the fundamental progress that has happened in Bitshares, and how it lays ground for more superficial and visible develpment from now on.

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i agreed with you espacially this part
From now on, Bitshares will start to evolve again at increasing speeds, while other coins will continue to be centralized, or face the same problems

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