The Wolf of BitSharesBitShares $0.0033 :: bitUSD $0.9867 :: Muse $ 0.00076

BitShares the DAOImagine a global organization existing onlybased on bits and bytes. A software that hiresits own developers and pays them in its owncurrency. An independent and transparentmonetary system without unnecessarymiddlemen. A worldwide community workingtowards financial freedom, but withoutcontrol of a centralized management.

Decentralized Autonomous Organization(DAO), that`s what BitShares is called. Anunmanned organization, powered by a realtime protocol and a diverse community.Visionary people around the globe, some ofthem are paid by the protocol with a tokencalled BTS, work for BitShares in manydifferent areas. These workers and all the BTSstakeholders are part of a self-governingorganization. Together they share the idea ofcreating solutions to secure life, liberty andproperty for all.

January 17, 2016

A growing ecosystem

The information and services provided in this Document are provided "AS IS" and withoutwarranties of any kind, either expressed or implied. You should not invest unless you areprepared to sustain a total loss of the money you have invested plus any commission or othertransaction charges.

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twitter: btswolfdonate via BitShares: donations.btswolf

#paidbyprotocolAlthough BitShares is a virtual organization itstill needs real work do be done.BitShares is a software that needs developersand it is a product with users who may needhelp & support, so it needs technicalsupporters and document writers too. But BitShares also has investors, the BTSstakeholders, who expect the organization tobecome profitable. But in order to becomeprofitable BitShares must grow its user basecontinuously and therefor it needs marketers.

BitShares now has a self-sustaining fundingmodel embedded, to attract people to work forthe ecosystem. The so called "Stakeholder-Approved Project Funding" model is based onsmart-contracts and elected positions calledworkers. A worker can be a person, group oreven a company and everyone is allowed tooffer his manpower to the blockchain, bypublishing a digital "worker proposal".

BTS Reserve Pool Chart by cryptofresh.com

To be part of the decision makers in BitSharesyou have to become a BTS stakeholder. Everystakeholder can vote for or against workerproposals that he believes the ecosystemwould benefit from more or less. It is alsonecessary to elect a team of trustedindividuals or institutions, the so calledcommittee. Committee members can proposeand apply important protocol changes inorder to keep BitShares on top of the existingblockchain implementations.

BitShares self-governance model is uniqueand path-breaking, but even with all thosenew opportunities to find consensus in apositive way, there is always a threat ifstakeholders fell part of voter apathy.Voting itself is a no-brainer but it takes timeand knowledge to study proposals and makethe right decisions. To relieve the busystakeholders they can choose a "proxy-voter" as representative to vote for them.

Your Vote Counts Till today there are still huge amounts ofunclaimed stakes from BitShares 1.0stakeholders. Those may believe their stakewill become profitable just from thin air. Butthe BitShares ecosystem can only becomeprofitable if workers get paid and proposalsget voted. Don`t leave your main stakeunclaimed nor put more then necessary oncentralized exchanges. Exchanges can/willfail and unclaimed stakes are dead capital.

If you own a stake in BTS it is in your ownbest interest to vote today or to set a proxy-voter as representative!

The Wolf of BitSharesJanuary 17, 2016 Page 2

Stakeholders can vote for or against a"worker" in an ongoing election. Once aworker is in he will be paid automatically bythe system. However all payouts are limitedby a daily budget of the non-liquid BTSreserve pool, so only the highest rankedworkers are getting paid.

>10,000,000 BTS per monthavailable to get #paidbyprotocol

The information and services provided in this Document are provided "AS IS" and withoutwarranties of any kind, either expressed or implied. You should not invest unless you areprepared to sustain a total loss of the money you have invested plus any commission or othertransaction charges.

#decentralizedexchangeRecent events have proven once again thatcentral exchanges are not always a secureplace to store large amounts of digital assets.Just because an centralized exchange accountbalance shows an amount of Bitcoin does notmean it is backed by anything. Using acentralized exchange involves always acounterpart risk and not all their usersunderstand how big the risks and limits reallyare.This is where decentralized exchanges comein. BitShares got an embedded exchange(DEX) right on the blockchain. That meansthe exchange is as decentralized as BitSharesitself. On a DEX users are in control of theirown security, which can be much better thanany centralized entity. Also in traditionalexchanges you are limited to a set of assets.Whereas in BitShares everyone can create hisown assets and trade them on the DEX.Time is working towards more decentralizedexchange (DEX) services, because they aremore flexible and cannot easily get bankruptor hacked as centralized ones can.But the solution is not one or the other, bothcentralized and decentralized exchanges needto go hand in hand, to provide their customersthe best and safest possible experience.BitShares 2.0 DEX, launched in October 13,2015 and since then more then 16,000 marketorders were filled.

BitShares Decentralized Trading Interface

1.5 sec averageconfirmation time

more then $8,500 accumulated fees

TOP5 BitAssets by volume

The Wolf of BitSharesJanuary 17, 2016 Page 3

TOP3 SMARTCOINSby accumulated fees

The information and services provided in this Document are provided "AS IS" and withoutwarranties of any kind, either expressed or implied. You should not invest unless you areprepared to sustain a total loss of the money you have invested plus any commission or othertransaction charges.

BitShares.org DEX

Community Voices

The Wolf of BitSharesJanuary 17, 2016 Page 4

The information and services provided in this Document are provided "AS IS" and withoutwarranties of any kind, either expressed or implied. You should not invest unless you areprepared to sustain a total loss of the money you have invested plus any commission or othertransaction charges.

Recently I`ve asked the BitShares community about "What is BitShares for you"? And hereare some answers.Stan: "A real-time blockchain platform on which you can build all kinds of interoperablebusiness that benefit from shared liquidity, services, infrastructure and network effect."donkeypong: "Sending money (monetary value) to anyone in the world, anytime, instantly, atalmost no cost."roadscape: "A public open-source distributed ledger-database & key management system forbuilding next-gen web apps.plus:- a self-governing network of users to power, grow, and heal the network- built-in DEX & wallet apps to give the token ecosystem real world value- incentive-aware infrastructure"

Chris4210: "Crowdfunding, Bail in secure, Banking, Multi currency wallet, Trading, Future"bitacer: "Crowdfunding, Charity, Stock , Exchange, Governance, Trading"

For me, BitShares especially is financial freedom. Logging in to my BitShares account feelslike opening a door from a dark, expensive and crowded financial world to a green-field in thewild-west with unlimited opportunities. It is like The American Dream becomes true on thefastest and most flexible blockchain technology I have seen yet.

How to startBitShares hurray, but how do I start?Joining BitShares is the easiest part, youjust pick a wallet of your choice and registeryour very first account. Next and very important step is to backupyour wallet-file to secure your accounts andfunds. The wallet will guide you throughthis process. You are now ready to start and explore thenew financial freedom. But be aware thatyou`re using a brand new technology andthere may still bugs and errors that couldlead to a loss of your funds (so backup!).

Once you have acquired some BTS, bitUSDor other BitAssets you can transfer themaround the world in just a few seconds.Send money to your friends or pay yourcontractors with SmartCoins. And of courseyou can trade on the DEX at any time fromeverywhere.

And if you need support or want to askquestions, the Community will be alwayshelpful and welcome you with open arms.

BitShares Wallets

News

Peertracks, the company behind MUSE (a forkof BitShares 2.0) is now accepting sign upsfrom artists that want to participate in theupcoming Beta launch.

BitShares stakeholder "onceuponatime" isfunding the development of a so calledSTEALTH feature by Cryptonomex Inc. with$45,000. STEALTH will enable users to sendand receive transactions in a private mode.Go live for STEALTH is expected for mid-February 2016.

The Wolf of BitSharesJanuary 17, 2016 Page 5

www.peertracks.com

OpenLedger, a fork of the BitShares Web-Wallet, hosted by the danish crypto-exchangeCCEDK, has launched its own BitAsset calledOBITS short for OPENBITS. CCEDK is offeringa monthly buy-back of OBITS tokens withcertain profits generated on OpenLedger byfees and other profit centers created via theregistrar.

www.obits.io Promo code: BTSWOLF

A group called BitShares-Munich is dev-eloping a BitShares app for Android and iOSwhich is currently in early alpha stage andavailable for public testing. They are alsoselling a token called OPENPOS to fund theirdevelopment to enable SmartCoins intoOdoo`s Point-of-Sale System.

bitsharestalk.org/index.php/topic,20762.0.html

Cryptofresh.com has launched as the first 3rdparty block explorer for BitShares. The siteprovides real time data, statistics and chartsfor accounts, assets and parameters. It alsolists worker and committee proposals and hasa detailed voting report.

github.com/bitshares/bsips/blob/master/bsip-0008.md

cryptofresh.com

Did you know?There is a Mumble session each Friday at 3pmUTC. Everyone is free to join and discuss thehottest BitShares topics with the leaddevelopers and community members.bitsharestalk.org/index.php/topic,21014.0.htmlBitShares is looking for developers withexperience in C++ or Javascript. You can gethired by one of the various BitShares partnersor even by the blockchain itself. If you have atrue passion for software engineering andtechnology join the community today.bitsharestalk.orgThere is a big source of documentation aboutBitShares, Graphene and Muse. It containstutorials, blockchain & API specifications aswell as whitepapers and many more usefulinformations.docs.bitshares.eu

You have just read the very first edition of"The Wolf of BitShares". If you like this serviceand if you want to see more in the futureplease consider to donate via BitShares to"donations.btswolf".Thank you.thewolfofbitshares.com

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The information and services provided in this Document are provided "AS IS" and withoutwarranties of any kind, either expressed or implied. You should not invest unless you areprepared to sustain a total loss of the money you have invested plus any commission or othertransaction charges.