Thank you Classic for providing us a road map that matches the vision we all originally bought into.   If the community can break through all the censorship and propaganda coming from Blockstream and their developers maybe Bitcoin can still have a future.

The Maid in circulation only represents 10 percent of the released amount of currency.  That means that we do have a storage/internet 2.0 solution already well over a market cap of 200 million.

I really am a newb when it comes to Bitshares.  Sorry there's no big conspiracy here, lol.  I've been purchasing a little bit of a lot of different coins each week for the last half a year or so.  Over that time I've accumulated around 40,000 of these Bitshares and when I came to this forum and realized the system was changing I had some questions.

I am mostly a lurker here, but I'm sure you can tell that my account isn't new.

Again, thanks for answering my questions.

Thank you for your response Chryspano, appreciated.

I currently have a small investment in Bitshares, and I was wondering if I could get a few quick explanations about Bitshares 2.0.

I believe there is a cap of around 2.5 billion Bitshares on the current system, will the new system mirror that?  Will we be trading our old Bitshares for the new ones at a 1:1 ratio?   Also how difficult will it be for me to move the currency from my current Bitshares wallet, to the new wallet?

Will it be possible to store Bitshares on an encrypted private key, like I would with BIP 38 with Bitcoin?

Thanks.  I started reading the wiki, but realized it would take hours to find the details I was looking for because there's just so much information to sift through.

Buying a good share of all the most established coins isn't gambling, it's insurance.  I do research all the coins I purchase, and if you go into any of the forums for any of those coins I listed above, they all think they're the next big thing. 

The cost to own a millionth of most of the alt-coin networks is insanely low.  If I want to cover my bases, why wouldn't I spend 20 dollars on a top 10 competitor that gives me the same share as owning 21 bitcoins on the bitcoin blockchain?

Can you list these "couple" good coins that are a sure fire success over the coins I purchased above?

Just finished your survey.  Hope it helps.

I try to cover my bases, on anything that might be valuable in the future, so I purchase alt-coins and hold them like I would bitcoin.  I usually just look at the total market cap of the coin and whether it offers something new, or has potential.

I have at least a millionth and sometimes much more of Ripple, Ethereum, Dash, Bitshares, Maidsafe, Next, Peercoin, Monero and Counterparty.

I also have some exposure to Litecoin, Dogecoin and Stellar, but don't see much point to them beyond network effect.

Like the previous poster stated, I'm not sure if it will ever go up very much.  I know Litecoin has a fair amount of network effect, but the coin really doesn't bring much new to the market over Bitcoin.

There's so many up and coming 2.0 coins that offer new solutions that I don't know if people will continue to cling onto Litecoin.  Bitcoin has passed the point where its network effect can be toppled but I'm not sure you can say the same thing for Litecoin.  Within the next couple years Bitcoin is going to implement new systems that will make the use of Litcoin almost redundant simply because there's so many developers working on Bitcoin.

I hope you're right though, and there is a massive alt-coin future ahead of us.

I guess I'm a large financial institution.   That video was total bullshit.  Even if the block size magically jumped to 20 MB right away, I could still run a node in my house with no problems.  

It's hard to wrap my mind around the fact that there's this minority of people who can't understand basic facts.  They seem too smart to actually believe the crap they say so there must be alternative motivation.  When there's billions of dollars at stake, there's always going to be paid shills or reasons to try and destroy a system.  Maybe they are trying to knock Bitcoin down or they are trying to corner the market with their centralized solutions.

It's also more importantly half of the name of the currency we're dealing with.  The name is "bit"-coin.  It always seems like people conveniently forget to mention that the name of the proposed new term is IN THE NAME OF THE ACTUAL COIN!

We all know the general consensus is "bit".  I've been using the term for months, and it's plastered all over Reddit.  I know some people here disagree with the name, but you can't deny that it's by far the most popular and used term by many factors.

I've been so hyped up about watching it for so long, I think I might of put my expectations too high.  The fact that I watched Andreas at the Canadian senate hearing just before watching it also made it seem less impressive after that stunning performance.

Overall it was still a good documentary, but like others have said here, it was almost like a history lesson at this point.

I'm sending 400 to my exchange of choice as we speak too.  Seems there's a sale going on.

https://www.youtube.com/watch?v=r_tAvPO7S98

If you haven't seen the consolidated Crash Course yet, you might want to check that out too while you're there.

Great video.  It does come across a little like a late night infomercial.  As someone who's already converted I love the content, but someone watching it with no knowledge of bitcoin might think someone is trying to scam them.

Either way, great job.

I'm not a huge holder in bitcoin.  I've been buying a bit each paycheck for about 6 months so I'm up to 7 now.  I have made a few purchases from Overstock myself and I must admit I've stopped purchasing things there because of the price drops.

Even when I did purchase things from Overstock I always repurchased the same amount of bitcoin.  I think I've stopped temporarily because instead of buying those items on Overstock I've told my wife to not shop there for now because I use that money to purchase more bitcoin at these sale prices rather than acquiring more goods.

Once the price hits the 700-800 or more range, then I'll be in a more holding pattern and I'll feel more comfortable just making purchases in bitcoin and replacing what I use.

When you consider the psychology of the set design for this scene you begin to realize the brilliance of the term 'bit'.  If this sign had 10 µbit or µbtc or almost any other suggested alternative the audience would have been confused.

For the common man though, everyone instantly understands what the sign means. 

Just as someone might say, “Can I have a bit of your lunch?”.  They intimately understand that you're not asking for their whole lunch, but just a small part of it.   The average non technical person will also associate the term bit with something to do with computers.  Most people only have a vague understanding of bits and bytes and to them it's just computer lingo.  So the marriage of a small part of something and the association of it having to do with computers makes it the perfect fit for a piece of bitcoin.

Most of the people in these forums are intimately familiar with technology and I don't think they understand the basic perspective the average person has when it comes to technology and the term bit.

https://www.youtube.com/watch?v=tHOFR5yXKYk

In this video you'll see a man hold his sign up twice with the term 10 bits written on it to refer to a small denomination of bitcoins.

Basically everything would have to be listed in bits.  Quotes for the price of bitcoin would be in number of bits per dollar.  All our wallets would switch to bits and all prices you see would be shown in bits.

I don't understand why people are getting so bent out of shape about the use of the term bits.  I believe the non vocal majority love the idea of bits, but no matter how good an idea is there's going to be people who fight against change.