They are changing strategy …
I don’t know whats more volatile… bitcoin, or BitShares marketing.
the answer is hidden in the triple dots of my previous message.
Hahaha I missed the link in the ellipses
Has Bitshares changed their marketing focus once again?
Their most recent focus was something like “Bitshares - The decentralized exchange”. And they prominently featured discussion of it being an exchange.
Now it seems they’ve changed to this “coming soon 2.0” with a focus on smart contracts.
@Chronos Would you have any intel?
BitShares 2.0 delivers a decentralized financial platform with the speed of the NASDAQ.
Guess they didn’t learn from their “BitShares is better than a swiss bank” marketing mistake. Their community already pointed out that statement is a lie.
It is understandable why they moved the focus away from their volatile pegged assets featuring near zero liquidity, after switching focus from the unsuccessful Keyhotee project.
Considering their decentralised exchange uses a cumbersome proxy asset for Bitcoin, it is understandable that couldn’t generate enthusiasm once delivered either.
On to a new promise and line of business for BitShares. I’m curious to see what line of business they will be in six months from now.
BitShares 2.0 delivers a decentralized financial platform with the speed of the NASDAQ. LOL. Part of me finds this entertaining and part of me feels bad for the unfortunate investors who are not savvy enough to understand this cannot be.
BitShares has a reserve pool of 1.2 billion BTS (about $8 million
dollars) that automatically grows as transaction fees are collected and
the share price rises. Each day, the blockchain is authorized to spend
up to 432,000 BTS (about $77,000 per month), which is enough to hire a
small team to maintain the network for years, even with no price
Is BitShares as well off as that suggests?
Their marketcap is $11 mil. We too could print $8 mil of shares; selling them at a reasonable price would be another story. That said, yes, bts could probably liquidate a great deal more funds than Nu could by selling shares.