RE: Bitshares Volumes, Exchanges, Assets & Price Update
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.
...
Who decides the best technologies? Government, market regulators (dictators)?
I thought crypto was to usher in the age of truly free markets?
...
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.