BitShares to Change its Own History
BitShares to Change its Own History
Don't bet your future
On one roll of the dice
Lightning never strikes twice.
Huey Lewis - Back in Time
STOP! Pessimists Beware!
This is an Optimist's riff in 'B',
watch me for the Changes, and try and keep up, okay?"
"Marty, do you know what this means?"
While many ups and downs no doubt still lie before us, we for a moment have a surprise opportunity to "dream some impossible dreams" and perhaps "right some unrightable wrongs" as Don Quixote once sang. Why, we might even correct some correctable compromises forced on us by formerly limited resources – like they never happened.
Guy Fawkes Day, Nov 5, 2014
The Day of the Infamous BitShares Merger…
What changes to history should we make?
Here are seven that I find tantalizingly within reach:
Stan's Seven Planned Changes to History
Restore Market Cap. On that fateful day, Meghan Trainor topped the Billboard Hot 100 with All About That Base, Bitcoin had tumbled to $350, and BitShares were hovering at 2 cents each. Due to some perverse twists of fate, that price has been gradually eroding ever since. But lightning has struck twice! We are now back to the market caps of those heady days. Let's all enjoy them while the flux capacitor is recharging.
Reverse Dilution. With the advent of the HERO, we have a potentially huge new source of demand for BTS. This could gradually drive the amount actually in circulation back down below the original supply of 2.5 Billion. Most could get locked up indefinitely in Smartcoins™. If this happens, the community may feel more free to use the witness and worker funding mechanisms because their negative effects will belong to Some Other History. They will no longer produce a steady-state growth in the number of BTS in active circulation. BitShares could quickly become, egad, deflationary.
Implement Suspended Features. We may soon have enough funding to complete the vision as originally articulated by Dan "Bytemaster" Larimer. This could also attract more qualified people or companies to work on them.
Add Spit and Polish. We can drive to get everything up to the premium quality expected by the general public. This includes better on/off ramps, customer support and consumer grade tools.
Attend to Marketing. We may soon see a fresh grass-roots launch of a robust marketing campaign. We have a compelling investor business case and the HERO is a mainstream story that internet marketers can easily tell. Highly motivated efforts could begin to blossom shortly.
Hire BitShares Heroes. Those faithful and long suffering unpaid heroes who have been most effective in keeping BitShares moving forward could find themselves with many paid opportunities. Even now it's hard to find talent that isn't working multiple projects. What will that be like if this keeps up?
Reach out to the Industry. With an infinitely scalable platform for integrating platforms like EOS on the horizon, (should we choose to embrace it and ride the wave forward), BitShares can begin to reach out to other communities, entrepreneurs and industry leaders about strategic partnerships and mutually beneficial ways to boost the whole industry. We want BitShares to thrive in a thriving industry. And the EOS rising tide could help to raise many boats and foster cooperation instead of meaningless competition.
The net effect of all these changes is to place BitShares on a completely different timeline. The timeline we would have been on if we had been much wiser, richer, and better looking on Guy Fawkes Day, 2014. If you vaguely seem to remember living through some other timeline, rest assured, it was all just a bad dream!
Historically, BitShares has always had the best combination of innovative technology and supporting community. Its problem has been lacking the skill, inclination and resources to build powerful industry alliances and mainstream customer demand.
One possibly archetypal investor saw this situation and commented that our only missing ingredient was something she had in abundance – whale power. If we suddenly find it easier to convince investors like her to send massive doses of cryptoplutonium surging into the Graphene/EOS ecosystem, we may soon be able quote Marty McFly with renewed determination and confidence...
“History is gonna change!”
####About the Author -- Stan Larimer
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"I've enjoyed 40 years developing unmanned air, ground, sea, and space systems.
These days, I build unmanned companies."