Bytemaster's Blog

Welcome!

The purpose of this blog is to help create a free society by encouraging people to join our community which is centered around Bitshares, a next generation fully decentralized crypto-currency exchange. I use Austrian Economics to engineer the economic incentives which make freedom and non-violence profitable.

Follow this blog to explore where blockchain technology can take us. It has the potential to free us from the Socialist Justice System and help us take control of our own identity while laying the foundation for provably honest online elections.

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How to Maintain Privacy with BitShares

Posted on by Daniel Larimer.

Privacy is a funny thing. It is difficult to gain, easy to loose, and impossible to restore. I have spent a good deal of time looking for solutions to maintain my privacy and one such resource was J.J. Luna’s book “How to Be Invisible”. In his book he outlines the great lengths some people must resort to when they have stalkers following them. One point that he drives home again and again is that you should never actually live at an address that anyone knows.

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Join the BitShares Community Today!

Posted on by Daniel Larimer.

The BitShares community is a group of individuals who are looking to change the world through innovation and cooperation. Our goal is to create a free society by systematically replacing the role of government with free market, non-violent alternatives while making everyone in the community a ton of money.

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How BitShares Works

Posted on by logicalgrackle.

BitShares is a platform for stable value cryptocurrencies. There are now digital versions of dollars, yuan and gold that have the same prices and stability as their counterparts, but with all the advantages of cryptocurrencies. You can send them anywhere in the world for miniscule fees, and you have full control over your money, so it isn’t frozen or lost when the banking system runs into crises. You need to understand how these BitAssets work so you can take advantage of price stability on the blockchain.

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BitShares Login

Posted on by Daniel Larimer & Nathan Hourt.

In a previous article I ask the question “Who really owns your online identity?”. Under todays internet the answer is simple: Not You. Your online identity is managed by your login credentials which are usually tied to your email account. Google, Apple, Microsoft, Yahoo and/or your ISP collectively control the vast majority of email accounts and therefore own your online identity. At any time they can freeze your account or recover the password for every other service you use from Facebook to your online banking. Imagine how many things you would lose access to if you were locked out of your email account!

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Provably Honest Online Elections are Possible

Posted on by Daniel Larimer.

Moving elections online is a very controversial subject because it is something everyone would like, but it is not trivial to implement in a provably honest manner. There are countless articles around the internet that throughly document how even electronic voting or vote counting is unverifiable and cannot be trusted. The worries about electronic voting are so strong that many people suggest that only a manually counted paper ballot system can be trusted. While many may be content to accept paper ballots as the “least bad option”, I would like to present new approach that is provably honest.

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BitShares as a Bank - The origin of the DAC

Posted on by Daniel Larimer.

My father and I were discussing BitShares one evening (fall 2013) and I was trying to describe how BitShares is different from an altcoin. I used an analogy that described BitShares as a crypto-equity in a decentralized bank and exchange called BitShares. The shareholders of the bank are those who own bitshares (BTS). I then went on to explain how this decentralized bank can create dollars just like their centralized counterparts. I posted a variation of this article on Let’s Talk Bitcoin and it launched the concept of a DAC (Decentralized Autonomous Corporation).

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Introducing BitShares.TV

Posted on by Max Wright.

BitShares.TV hosted by Max Wright, is a weekly internet show dedicated to keeping you up-to-date with the world of BitShares. The first 3 episodes are online and ready for you to watch right now.

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'BitShares 101' Book Released

Posted on by Daniel Larimer.

Max Wright has just published the first e-book about BitShares: BitShares 101: A Guidebook on How To Profit From the Next Generation of Bitcoin, Crypto Currencies and Decentralized Businesses. For a long time the BitShares community has needed a introductory guide for the average man. Max has done an amazing job taking a complex subject and condensing it down into something easily understood. His writing style is very conversational and easy to follow.

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Aggregate Public Opinion Matters

Posted on by Daniel Larimer.

Whether we like it or not the mob ultimately runs society. Individual property rights mean nothing in a riot. If public opinion turns against something nothing can resist it for long, not even the most oppressive governments. A libertarian utopia is the result of changing public opinion and maintaining public support for universal application of the Golden Principle without exception. If you haven’t read my post on the Golden Principle I recommend you check it out.

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The Value of DevShares

Posted on by Daniel Larimer.

Block chain technology is constantly evolving and while Bitcoin appears content to stand still, we feel BitShares needs to be more dynamic so it can evolve with the market. Stability and predictability are core features of any block chain and any interruption in service can have a dramatic effect on the market.

 
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Welcome!

My name is Daniel Larimer and I am the founder of BitShares. My mission in life is to find free market solutions to secure life, liberty, and property for all.

The purpose of this blog is to help create a free society by encouraging people to join our community which is centered around Bitshares, a next generation fully decentralized crypto-currency exchange. I use Austrian Economics to engineer the economic incentives which make freedom and non-violence profitable.


Help spread the word.