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RE: A Moment Of Realization: Why I Dumped My Ethereum and Bitcoin And Bought Bitshares Instead
Bitshares is one of my core holdings and I fully expect to see it at >$10 within the next 12 months. At the current price it is the worlds first and only profitable DAO and has a $300M reserve fun to use for development and maintenance. Projects are being built on it, like Peerplays. Blockchain transaction volume is one of the highest in world - it is actually being used. The DEX is excellent and is growing in volume organically. I don't know if Stan's HERO project is going to work out, but the goal of this contest is put the price of BTS at >$300 within a year. It could happen...
Thanks @johnsmith - agree 100% with the points you're making. It's not a possibility that BTS could be huge... it IS huge. And growing.
So I just borrowed HERO into existence on the DEX and have to say it is a very easy thing to do. I then sold it and placed a buy order to buy it back cheaper than I sold it for. It sounds insane but now that I get it I see what Stan is trying to do and it is pretty freaking powerful. But it all depends on BTS going up and not down. But... if BTS goes up... it is going to be full on crazy pants time. :)
I want to engage in this process in order to have a complete grasp of the concept of Hero. Still trying to wrap my brain around it.
I did it once for fun as well. Made 5 BTS quickly and easily. Crazy Pants could really happen if people lock up that much BTS as collateral, diminishing the supply.