BEOS And The Lesson Of Julian Assange: Could It Leapfrog EOS Initially?steemCreated with Sketch.

in #busylast year

Those who read my articles know that I am all for freedom and that we have the potential to take down the established system through cryptocurrency and blockchain. The potential for decentralization across the world means we get out from under the thumb of government entities and greedy corporations. We are starting to develop the technology which can provide for a digital utopia.

Today, we saw the news that Julian Assange had his asylum revoked and was arrested by the UK authorities. This is in preparation to ship him back to the United States where who knows what awaits him. The Feds have wanted to get their hands on him for a number of years and they are not going to make it pleasant.

I will not go a great deal further on this as there are a number of excellent articles appearing on Steem delving into this horrific situation.

Before going any further, I will state I am 100% for decentralization and have anarchistic views. I do not trust, defend, nor believe in the present system whatsoever. I think those that do are equally as culpable in the atrocities that take place as those who commit them.

That said, there is a major lesson to be garnered from Julian Assange. He, like Jared Rice and a host of others people, end up pawns in a game played by the power elite. Any head-on threat to them is dealt with harshly. Many idealists like to promote notion about their lack of authority or rights. The truth is they have guns and that changes things. When one is dragged out at gunpoint like Julian was, that tells a great deal of the story.

Thus, I look at the process as long term, containing many phases. The cat is out of the bag and the established entities will end up succumbing. What presents a challenge is they still have power which they are willing to use to make life very difficult. They cannot control all directly so they opt to make an example out of a few to keep the rest in line.

And it is effective.

Presently, we see many blockchains that are decentralized and run all over the world. No single government can do anything about it since they reside outside the area of jurisdiction. Also, without a single point of access, it is impossible to shut the network down since it is everywhere. The technology makes it impossible to issue a simple cease and desist letter.

Thus, we see the control entities turning to the next layer. Instead of going after the blockchain, they issue their letters showing their power to the players who might want to use the technology. Those institutions that are under the government jurisdiction are at risk of having the Feds kicking down their doors. Hence, they are forced to play ball.

This means that a whole lot of money, that could be directed towards this industry, is prevented from doing so. A mainstream entity cannot risk having a transaction take place in a country like Iran. That would get them in a great deal of hot water. Also, regulations are often put in place to protect the larger companies, not the average investor. This means unless they are profiting, the strong arming takes place.

BEOS is a middlechain that provides token portability to EOS for anything that is developed on the Bitshares blockchain. This is powerful although not completely unique. Middlechains are popping up all over the place as we move into the interoperability phase of development.

There is something that is very powerful and could give BEOS a huge leg up over everything else, including EOS, if they can pull it off.

BEOS is running on the code of EOS. This means that all advancement and updates that EOS makes could be integrated into BEOS. Since the processing power and transaction time of EOS is already proven, this means BEOS could be an equally powerful chain.

What it does have, that EOS does not, is the Jurisdictional Agility feature.

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EOS has the same problem as everyone else. Those entities that are worried about the "long hand of the law" are not going to conduct business in areas that it can get in trouble, at least not overtly. This is a problem because blockchain transactions are transparent. If a transaction takes place in a sanctioned country, as an example, that could cause issues.

BEOS plans to solve this by enabling the institution to determine which laws it will operate under. Thus, the geographic region where transacting is done is under their control. This could have massive appeal to major corporations that could use this technology to improve their services.

Could this be the path laid out that starts to attract some major players? While few of us are fond of the Wall Street types, they do have control over a lot of money. They are also always looking for an advantage and a way to cut costs. When dealing with the volume they are, even a quarter of a cent savings adds up.

The idealist in me prefers they all stay away but their funding could be helpful. Another thing I keep in mind is this would not be the first time an industry unknowingly adopted something that led to its own demise. It is ironic how technology does that. The first generation is adopted by the very people the second generation puts out of business.

For the time being, we have to be mindful of the powers that are. In the end, they will be eliminated. However, taking them head on could make life very difficult and delay things. BEOS might be offering a way to entice them in and baiting the trap.

I am a big fan of the Bitshare concept. That said, we see the results after 5 or 6 years of operation. A DEX doing a couple million transactions per day means it was not adopted. This is a rounding error for the Wall Street crowd. To go from the full-blown, centrally controlled system to DEX is obviously unrealistic. Hence, we need a way to transition.

Perhaps BEOS is the answer.

If they do pull this off, for the time being, it could provide a leg up over other blockchains out there, including EOS. A lot of major players will be forced to take a look at this. Enterprise will no longer have to turn to the snake oil that IBM is out there selling.

A decentralized blockchain that provides the horse-power they are seeking while providing the ability to stay within the bounds of regulation.

It could be something that has some appeal. We shall see.


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I was really interested in this at first but then I got turned off by the 500 BTS fee to get it started... That’s pretty steep for any kind of blockchain service in my opinion (even account creation)... 50 BTS would be more reasonable but even that is a pretty hefty fee considering we all remember the BTS alltimehigh... What do you think about the fee for BEOS participation @taskmaster4450 ?

Posted using Partiko iOS

You can always spend 25$ today and acquire 500 bts for the fee. Or make a steemit post or two and trade it for bts to cover the fee.

The fee is there to make sure there is no squatting, enacts a member fee which covers lifetime membership in the BLCA (BEOS Limited Cooperative Association) which is a non profit organization that BEOS holders get to vote for Directors - Block producers and wp's.

The fee also helps cover the substantial costs bore by the BLCA to create the technology that allows this all to happen. EOS accounts are around 3$, give you a long gibberish name. Short accounts and custom names are auctioned for thousands of dollars. A standard fee allowing you to reserve any name you like seems reasonable in comparison.

A bts lifetime account is 3000 bts. For that you get lower fees. BEOS based BTS can be sent and received for no tx fee.

https://beos.world

photo_2019-02-17_09-42-12.jpg

I don't care! I want to complain anyway!!!

Yeah, complaining is a curious sport! ;) LOL

According to my calculations, all that adds up to being worth 481 BTS.

See you are overcharging.

$30~$20 when you think in terms of food you eat, I guess it worth better. Poop from food hardly produce $$$.

BTW, my BEOS rises every hour, but I'm just curious, when will I get free RAM?

Posted using Partiko Android

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

"I do not trust, defend, nor believe in the present system whatsoever. I think those that do are equally as culpable in the atrocities that take place as those who commit them."

Preach it, brother!

"Another thing I keep in mind is this would not be the first time an industry unknowingly adopted something that led to its own demise."

From your lips to God's ears... :D

I appreciate your article immensely... ;)

😄😇😄

@creatr

We shall see. We shall see. I pray for beautiful gentle harmony among all planet earth. Now & Always. Appreciate your message and consistent contributions. 🌱🌻☀️

Nice article! Keep hoping for the best!

Posted using Partiko iOS

Hi,

Maybe you can help me with a little advice, I've just created (I think) a BEOS account (https://bitshareswallet.beos.world/account/) - so all I now have to do is transfer BTS from my regular account to this new one and I get BEOS tokens.

Is that correct, it's just that I see no reference to the '500 BTS' it costs to set up a BEOS account that I've seen referred to, sorry but there's no guides easily available (not that i can find) for how to do this.

Any links/ advice much appreciated.

did you watch the video of @michaelx ?

I followed literally everything and that was a good walkthrough also with seeing what to do and not to do

OK I'll give it a go, which post is it, i just can't tell from the feed.

https://busy.org/@stan/beos-launches-today-here-s-how-to-get-yours

it was in @stan post but @michaelx video.... super helpfull and its raining like a madman here ;)

I've now got the wallet up and running, but dyou know how I transfer more BTS in? My basic account on Beosworld says my new account is not recocngised?

https://bitshareswallet.beos.world/deposit-withdraw

here is the deposit page...

but your new account is not recognized im not sure what to do with that?

did you find yous beos account in the eos-voter app?

in the eos-voter change the api as said in the video and then also the wallet to beos....then you should see if your wallet is working...

(these are a lot of wise words from a newb here hahahha)

That was VERY USEFUL thanks! I had just been trying regular transfers, now i have 500 BTS in my whatever I should call it wallet, small amount i know but then again i have NO IDEA what I'm doing!

no prob man!

everything i told you the video told me as well honestly....so the 500 is in the beos wallet that you can see on the eos-voter?

then you should be fine when it is there..it should start to rain!

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