Bitshares Showing All Steemians How This Works And Why The Values Tossed Around Are NOT Absurd

People often are baffled by the pricing forecasts put out by people, including myself. Sadly, there is a great mystery to many as to what exactly is taking place here in the cryptocurrency/blockchain world.

A few weeks back, I wrote a post about looking at this market through different eyes. Those who view it with eyes that are accustomed to looking at the financial markets say this is speculative, a bubble, and a host of other untrue things.

When I look at what is taking place, I see major technological disruption. Trillions of dollars worth of commerce is primed to be altered in a very short period of time. I will use what is happening with bitshares to illustrate the process.

@preparedwombat posted a link to an article earlier about a deal that was made by one of Bitshares partners. It is a decentralized, cryptocurrency bank called AriseBank. This is the world's first bank of this sort AND just purchased a FDIC insured bank. That means we see the first blending of traditional banking and blockchain technology. AriseBank is now partnering with Bitshares, a decentralized exchange, to offer a host of financial products on the blockchain.

Here is a link to @preparedwombat's post:

https://steemit.com/zappl/@preparedwombat/big-news-for-bitshares#@taskmaster4450/re-preparedwombat-big-news-for-bitshares-20171215t192911009z

From the link in his post, we get this:

The combined strengths of a conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level the playing field for all mankind.

This my friends, is called disruption. The bank that is being bought out is over 100 years old so I guess we can put it in the category of "traditional". This is the first transaction of its kind but it will not be the last. AriseBank is in the process of raising $1B in its ICO. This is an entity that could be a major force.

Another interesting aspect to all this is, notice the link. This was not posted on coindesk or something like that. It is the Huffington Post that posted this. That is a website with a lot of traffic.

So why do I bring all this up?

It is not to get people excited about Bitshares although many of us who invested in STEEM also have Bitshares (the Church of Dan). The reason I bring this up is to show you how blockchains that are designed for a specific purpose are disruptive forces. I do not know the numbers but the financial arena has to be worth between $10T-$20T a year worldwide just in commerce. Add in the exchanges and all the trading, you are into the quadrillions. Yet, before our eyes, we are witnessing the start of what will be the total transformation of that industry.

The social media market is not quite as big yet it is no niche industry either. We are talking billions of dollars at stake and the steem blockchain is being primed to be a major player. I posted an article last night, after going through the Vice white paper, detailing how that organization is, what appears, forking this blockchain. Now there is some confusion there yet the point is this blockchain is attracting some heavy hitters. We will see this continue over the next couple years.

Bitshares jumped from $.05 a little over a month ago to roughly $.38 cents today. That is almost an 8 fold gain in less than 6 weeks. While financial people would call that speculative and too much of a run, I call it small potatoes. What is the value of being one of the entities that is revolutionizing the financial sector? When you think about it that way, a billion dollar blockchain is nothing.

STEEM will see similar results. The steem blockchain is a disruptive force. It is one that is designed for a specific purpose whereby businesses will be built. We already see a few apps (which are businesses) in operation. These should grow over time which will also impact the value of each person's account.

We are seeing a new world emerging. The old model was based upon greed, censorship, and political correctness. This concept applied to most areas of life whether we are discussing finance or social media. Toe the line or face the consequences. That is life under the fiat system. As this article by @preparedwombat shows, there is a new monetary banking/exchange system going into place. At the same time, steem is offering an alternative to the traditional social media that is run by the corporate elite.

In the end, valuation, while more art than science. tells me that there is huge upside. History teaches us there is big money in disruption. I feel people who are on the steem blockchain are part of the new model; disrupting the greedy and selfishness for the desire to respect and grow our fellow man.

How much is all this worth? In my eyes, well over $100 a token.

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