There is a lot of different aspects to bitshares. Too many to cover in a comment. From the concept of DAC's (Distributed Autonomous Companies) that have delegates / employees that are paid by the blockchain either through share dilution and/or transaction fees. Bitshares is the first DAC and can be thought of as a bank / brokerage. PeerTracks/bitsharesmusic is the music DAC that just had a ICO see http://www.peertracks.com

To DPOS (Distributed proof of stake) VS bitcoin which is Proof of Work.

It also has distrubted DNS (in the works), a voting platorm (in the works), User Issued Assets (think companies issuing employee stock on the blockchain), BitAssets (stable coins that track a real world counterpart backed up by 3x collateral such as BITUSD).

Some good links for info

http://bytemaster.bitshares.org/ https://bitsharestalk.org/index.php http://www.bitshares.org http://bitshares.tv/ http://www.bitsharesmusicfoundation.org/

BitShares is a platform for stable value cryptocurrencies.

http://bytemaster.bitshares.org/guest/2014/12/22/How-BitShar...

This login stuff doesn't seem super interesting, but stable cryptocurrencies do to me. BitAuth[1] is a similar idea for using keypairs for authentication. Neither will take off until there's a huge install base for the wallet software, or browsers have embedded the protocol behind a good UI.

[1] http://blog.bitpay.com/2014/07/01/bitauth-for-decentralized-...

A counter-view to just how awesome Bitshares is (I don't fully agree with the article, and I am not the author): http://prestonbyrne.com/2014/08/17/dont-walk-away-run/