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RE: Migrating Bitcoin onto the BTS DEX via UIA snapshot/sharedrop?

in #bitshares7 years ago (edited)

This is the best thing that could happen to Bitcoin and crypto. Solves all scaling, centralization and useability issues instantly. Please, please do this!

If you haven't used Bitshares or the DEX yet I can tell you that if Bitcoin worked like Bitshares it would increase the adoption rate 1000000000% practically overnight. You could send/confirm Bitcoin in three (3) seconds and it would be a very useable currency.

Bitcoin could do 10,000 transactions per second right now, scale to 100,000 TPS in a matter of days if needed and then, when Bitshares migrates to EOS, scale indefinitely.

And then there's the exchange. Never again would anyone be Goxed, no Polo random disabling of token withdrawals. You can keep your coins in your wallet, which is the same as the exchange. It is what crypto is meant to be.

Bitcoin currently wastes millions if not billions of dollars worth of electricity to provide security via POW mining, which is completely unnecessary. A few years ago it was unknown whether DPOS was viable, but at 800,000 operations/transactions per day DPOS is working much, much better than POW. This would allows us to stop polluting and wasting electricity and get rid of the mining cartel!

Instead of wasting billions on electricity, Bitshares collects transaction revenue in a reserve pool and uses it to pay for maintenance and development. This would allow the Bitcoin core developers to be paid a fair wage for their work, directly from the reserve pool (currently worth tens of millions of dollars!). Bitshares would convert Bitcoin's mining waste into productive wages for the community.

And finally, buying HEROs (Honest Economics Reclaiming Our Sovereignty) on the DEX gives you a built in 5% savings account. Just deposit by buying HERO with BTC and your value is safe (no dumping!) and grows at 5%.

Just... yes!

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What's the best case scenario for this to happen? What is the least harmful way for us to get away from the present bitcoin situation without getting massacred by the kamikaze's and jihadis running the show with bitcoin right now?

RIght on, thanks

How does one get private keys for individual assets and in this case bitcoin from bts dex? And when it said snapshot in the post above, does it mean like a prtscreen or snippet from my own PC?

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