Nobody is scared of Bitshares
You are not scared of Bitshares? To my knowledge you are a huge Nxt shill. You have to be jealous that Bitshares has one-upped Nxt in numerous ways... a better PoS implementation, a larger market cap than Nxt, more volume and liquidity than Nxt, more quality innovation than Nxt, more development than Nxt, more features than Nxt, a much prettier wallet than Nxt, etc... no, of course you're not scared.You've only spent hours- no days- no weeks- trolling about how terrible Bitshares is because you have a heart of gold and want to play the white knight of alternative cryptocurrencies, saving the defenceless lambs that inhabit these subforums. You being the perfect little angel that you are have no ulterior motives. Get real... why else would you dedicate you entire existence to FUDing Bitshares any chance you can get? You must of spent days doing so, and you have no incentive, huh? You're just a stand up guy... Puh-leeeez.
Yes, you're right, I like NXT. I think NXT has the better PoS implementation unless you like your blockchain monopolized via a fraudulent voting system. I don't like the NXT Foundation or the centralization that has occurred in NXT's marketing just like I don't like the centralization that is so evident in Bitshares. I have spent a lot of time on here complaining about Bitshares. What can I say? This is where I get my entertainment. Also, I don't like liars, cheaters or thieves and I'm going to call it like I see it.
All cryptocurrencies trend towards centralization. PoW cryptocurrencies tend towards centralization due to the economies of scale that surround mining. PoS coins tend towards centralization to large stakeholders. Bitshares views centralization as an inevitability, and maintains it should be embraced and leveraged rather than fought. You obviously have an issue with this, but there is no scam involved as you state. This is out in the open and Daniel has admitted this since very early in Bitshares' existence.
You focus on one of the few shortcomings of dPoS while ignoring the numerous benefits. The stakeholders can hire employees. In other words, stakeholders can choose who profits off of (and how much) securing the blockchain. They can choose the people that provide the most value to stakeholders (support, development, advertising, documentation, web development, services, etc..) In Bitcoin and other forms of PoS, you have no control over who profits from securing the blockchain and whether their best interests are aligned with stakeholders (or not.) Since the 101 witnesses maintain consensus amongst themselves it allows for a highly scalable blockchain.. the most scalable blockchain that currently exists. We have reached over 500 TPS at peak and around 100 TPS stable. No other cryptocurrency that exists in the wild can claim that.
You say the Larimers are in control, yet in actuality Bitshares stakeholders are happy to have CNX in control. This is evidenced by witness voting, as CNX can be overruled at any time if the stakeholders so choose (since they own less than a 13% stake.) Bitshares stakeholders trust CNX to do the right thing and deliver because they have in the past and have proven themselves, and in the event they do not then stakeholders can remove them from power. That is the beauty of delegated proof of stake, and how it is supposed to work. That's cool if you don't like that, but to call them liars and thieves and/or Bitshares a scam because of that is disingenuous in the least considering everything is out in the open and done transparently.
Besides, srsly, who is going to buy 1 BitUSD for 2 real USD?
No one, because they can buy 1 bitUSD for $1.053 USD right now on the Bitshares' decentralized exchange. All of your statements are grossly exaggerated with the purposed to spread FUD about Bitshares. I'm not sure exactly what your motives are, and maybe I'm wrong about you trying to prop up your Nxt investment, but your intentions are crystal clear.If you don't get what I'm talking about, go read Preston Byrne's analysis of Bitshares.
BitSharesX: Extraordinary claims require extraordinary evidence
Well Ill be damned: BTSX BitAsset market failure after only 5 days
Those who cannot remember last week are condemned to repeat it
You are such a hypocrite, as further evidenced by you recently championing Synereo when they have yet to prove anything to anyone.. there is much more risk in Synereo at this point than an established cryptocurrency like Bitshares.
How does my support for Synereo, a decentralized social network, make me a hypocrite? Here's the link to github https://github.com/synereo/. As far as I know, there are no backdoors and nobody can confiscate anybody's AMPs.