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RE: Bitshares Volumes, Exchanges, Assets & Price Update
I'm a fan of BitShares (just posted about it today, actually). I wonder how long it will be before the market catches up to how amazing this distributed exchange system is, along with all the functioning assets and pegged assets. Amazing stuff. Do you think it's just too far ahead of it's time right now?
BTS was totally ahead of time, the exchange itself is catching up but needs more marketing surely. Im doing my best to show it to people and show advantages but still there is alot that can be done to make it more popular
It's funny for me to get into it so late (by almost 3 years) and still have it be ahead of it's time. I wonder if new DEX's will move past it (ones built on Ethereum maybe?). There's so much competition out there. Seems like marketing is a big part of what all of this is about and which projects do well and which don't. I'd love to have the technology lead the way, but it doesn't seem like that's how things work, unfortunately.
Ethereum couldn't handle anywhere near the capacity demonstrated on the stress test.
I think the technology itself is amazing. Unfortunately, it's not just about which technology is superior when it comes to user adoption. Could Ethereum be the VHS to Bitshares Betamax? I wish the world was a technocratic meritocracy where the best technologies which can help the greatest number of people get adopted first and grow the fastest. Unfortunately, so much comes down to marketing, perception, feelings, emotions, etc.
If more businesses, individuals, and companies flock to Ethereum (which can be bought directly on newbie onramps like Coinbase), will their marketshare and network effect continue to grow even if Bitshares is a superior technology? If so, what, if anything can be done about that?
I was just looking at the BitShares price right now, trying to figure out if I should buy more. It's hard to look at the three year price chart and know something will change here. But I want it to change because I want the best technology to prevail. Am I being irrational to want that?
Here's a good analysis of BTS by a very rational and well-respected trader from TradingView.
https://www.tradingview.com/chart/BTSBTC/meeTofZM-Are-Bitshares-Following-the-Cryptocurrency-Bubble-EW-Analysis/
this looks really good
Oh, very cool. I'll check it out. Thanks!
THE MARKET DECIDES.
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Who decides the best technologies? Government, market regulators (dictators)?
I thought crypto was to usher in the age of truly free markets?
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The market decides the best technologies with regard to various aspects such as technical superiority, usability, availability etc. Also marketing, perception, feelings, emotions etc.
The fact that #Ethereum is available on newbie platforms such as coinbase is probably a value proposition that appeals to the market.
My suggestion is to not only market #BitShares as better than Ethereum but also as a hedge for Ethereum and other platform tokens.
My feelings are the same with regards to OpenLedger: it should be marketed also as a hedge for centralized exchanges so that users can have a reason to look past the low variety and low volumes which will eventually be rectified with network effects.
Since they are POW that's not a surprise... It will be interesting to compare when they transform to POS