In my prior post I made the argument that a stable currency was both impossible and undesirable. What we really want is a currency that grows in value at the same rate as the economy as a whole. Since then Vitalik has responded with some critiques that made me realize I didn’t present the argument as clearly as I could have. There was confusion over the difference between pegging assets and creating a stable currency. My argument boiled down to the fact that only fiat currencies are considered stable and pegging to a fiat currency isn’t decentralized nor stable.

It seems that everyone wants a stable crypto currency. Recently Vitalik Buterin posted a blog about the “Search for a Stable Cryptocurrency” which prompted much discussion on the BitShares forums about his approach. Today I would like to put a nail in the coffin on the insanity of pursuing a stable currency, let alone a stable crypto-currency.

There are only two constants in life, death and bank fees. Today I am going provide some much needed clarity about what types of fees BitShares charges, why they are charged, and how they can be paid.

When most people think about a justice system they envision police, courts, and jails. Everyone wants justice and we are told over and over again that justice is what police, courts, and jails produce. But is this really the case?

In this video I am interviewed by Max Wright about where BitShares and blockchain technology are going to take us. I go into the importance of non violence combined with profit motive and not giving up on the search for technological solutions for securing our life, liberty, and property.

Most libertarians think about contracts as the fundamental building block of a free society. I take a relatively unique position that contracts as we know them are the Achilles heel of attempts to form a libertarian society. I go so far as to suggest that we need a contract-free society because enforcement of contracts presents a significant challenge to the Golden Principle upon which my entire world view is based.

Crowd funding is all the rage these days, especially among crypto-projects. For the first time in history we have a easy way to crowd fund on a global scale and everyone is doing it. It takes significant money to build, deploy, and maintain a new crypto-ledger and developers don’t work for free. Few developers have the resources necessary to support themselves for the years it takes for a crypto project to gain ground. BitShares had one of the largest crowd funding campaigns and has had an opportunity to learn a lot from it. Our conclusion: don’t do it.

As time progresses we gain a deeper understanding about the nature of block chain technology at both an economic and technological level. Today I would like to introduce the latest advancement in block chain technology: a graph database on a block chain.

BitShares has revolutionized crowd funding of crypto currency research and development by introducing 101 paid delegate positions. At todays valuation that represents up to $3 million dollars per year that can be spent growing BitShares. There are already a dozen positions filled by individuals contributing everything from web design to marketing and software development. I am running a delegate, bm.payroll.riverhead, which is being used to help fund my work developing and promoting BitShares. As long as the delegates are producing more value for BitShares than the BTS holders are being diluted the BitShares network will be able to grow and expand. The key to producing more value than you consume is a Business Plan.

I would like to thank cryptosile from EveryDayCrypto for producing a great video walkthrough on how to use the BitShares wallet to create and cover a BitAsset. I will probably be producing a similar video at some point in the future, but for now this is the best that is available.