Hour 2 -- Dylan Howard, Stan Larimer, Michael Taggart (Bitcoin Hero) on why their cyrpto is superior
2017-08-30 Hour 2 Stan Larimer, Dylan Howard, Michael Taggart, Davi Barker from Ernest Hancock on Vimeo.
Stan Larimer: President of Heronomex
Stan Larimer has forty years experience in engineering, program management, business development and even teaching rocket science at the US Air Force Academy. He has contributed on 17 different aerospace R&D programs for air, ground, sea and space systems. He served with Boeing, Lockheed Martin, Northrop Grumman, and SAIC as consultant, tech lead, program manager and corporate officer. For the past four years he has been building a new industry to develop unmanned companies that produce smart currencies and other decentralized financial services. He is known as "the Godfather of BitShares" the leading real-time digital currency. His son, Dan Larimer is the inventor of real time blockchain technology used in, among others, BitShares, Steemit, Peerplays, and soon EOS.
My most recent interview was an hour on The Crypto Show last week, if you need a sound check:
Dylan Howard: Co-Founder and Chief Operations Officer of Heronomex
Dylan's enterprises are permeated with the skills of a Visionary Entrepreneur, who is dedicated to social and cultural change. He activates potential synergies, cross-pollinating practices and technologies across various industries, while creating new business collaborations with both for-profit and non-profit umbrella structures.
Dylan has spent the last decade working closely with startups and NGOs, and has contributed to establishing global organizations and think tanks, including Global Genius Trust, Hanging Gardens Trust, Global Leadership for Change, NoAgenda and Miracle Corners of the World, The UBUNTU Movement and many nonprofit organizations internationally.
Dylan is spearheading the 1 Billion Hero Challenge, challenging Co-Founding Hero's to coordinate their networks together to invite 1 Billion of their fans and supporters into a new prosperous economic system.
Michael Tagart: Co-Founder of Heronomex
As an early adopter of Bitcoin, Michael became known as a "Blockchain Evangelist" back in 2013. Michael is heavily involved in developing Blockchain technology business services, with founding partnerships with Cryptonomex, an advanced custom Blockchain development company, and Remittio, a highly secure digitally encrypted global banking solution that allows you to convert 44+ digital currencies to spendable cash loaded into any debit card or bank account.
You can review what we are doing at these sites:
steemit.com/@stan - all of my blog articles
You can reach me by cell phone at 703 346 6406.
My Skype ID is "nybblemeister"
Here are my answers to the Five Questions you gave to Eddy:
Does it work?
BitShares has been operational for about three years and currently processes more peak transactions per day that Bitcoin and Ethereum combined.
How secure is it?
There are good arguments that it is far more secure than Bitcoin. For example, just three mining company CEOs sign more than 51% of Bitcoin's blocks and no one can take their hash power away from them if they misbehave. BitShares limits individual signers to 4% of the blocks and you must earn and maintain a strong reputation with bitshareholders to get that limited authority. Once burned, it is hard for someone to rebuild a reputation and ever sign a block again. Authority is strictly limited to witnessing transactions and misbehavior is instantly detected and weeded out. Total market cap of chains using this DPOS technology exceeds $1B and has been operating without security incident since inception in 2014.
How private is it?
By default, transactions are public. However stealth transactions are built-in and available. Current GUI support to access this is limited, but under development by a third party. It is easy to create anonymous accounts.
Low or no transaction fee?
Currently basic transfer fee is about 3 cents. On sister chains for Steemit and EOS transactions are free. BitShares will probably adopt free transfers when it upgrades to EOS technology next year.
BitShares does all transactions in under 3 seconds. It routinely handles VISA levels of transactions (4000+ transactions per second) without moving the sweat-meter off zero. Lab tests show it is scalable to 100,000+ transactions per second on low-end hardware. With EOS parallelization technology next year it will be scalable to millions of transactions per second. Here is a recent comparison of BitShares Family (BitShares, Steem, Peerplays) with market cap leaders Bitcoin "classic", Ethereum, and Dash. Clearly, there is no comparison.
Bitcoin went through it's recent (and recurring) fork crisis with Bitcoin Segwit/Cash all to gain a mere 7 to 14 extra transactions per second while BitShares is routinely processing thousands per second with tens of thousands left over for growth.
And BitShares has stabilized assets that track the value of USD, CNY, EUR, Gold, Silver, Bitcoin, etc without counter party risk. The Hero, our flagship market pegged asset, is defined as "the value of the US Dollar since December 23, 1913 plus 5% APR" and offers ordinary savers stable growth at 5% APR against the dollar taxed as capital gains, not ordinary income. It is the antidote to Federal Reserve mismanagement.
And, BitShares implements an entire decentralized exchange on the blockchain trading hundreds of assets in real time without the counter party risk found in the centralized Mt. Goxes of this world.
Stan Larimer, President
The Godfather of BitShares and the HERO
PO Box 794, Floyd, VA 24091