Poll

...would it be best for Bitcoin to be strong or weak?

If Bitcoin is on a roll, this will help BitShares succeed also.
42 (38.9%)
A weaker Bitcoin would help BitShares position itself as the alternative.
16 (14.8%)
It doesn't matter; BitShares will succeed either way.
42 (38.9%)
Not sure/No opinion.
8 (7.4%)

Total Members Voted: 103

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Offline donkeypong

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[POLL] When BitShares Makes Its Move...
« on: October 25, 2014, 05:47:08 AM »

Bitcoin seems to be in a long term downtrend. Is this good for BitShares? More money coming into crypto would lift many boats. However, the erosion of Bitcoin's market cap makes it easier to catch and possibly more vulnerable to a strong alternative currency. Which situation would you rather see? Which one benefits BitShares the most?
« Last Edit: October 25, 2014, 05:52:12 AM by donkeypong »

Offline Ander

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Re: [POLL] When BitShares Makes Its Move...
« Reply #1 on: October 25, 2014, 06:32:57 AM »
Poll voters are currently wrong. :P


A rising bitcoin is like a rising stock market - it is good for all stocks.  In this case, stocks are altcoins. 

Its a lot easier for Bitshares to go up 10x if bitcoin doubles, than if it goes down. 
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Offline clayop

Re: [POLL] When BitShares Makes Its Move...
« Reply #2 on: October 25, 2014, 06:40:28 AM »
Poll voters are currently wrong. :P


A rising bitcoin is like a rising stock market - it is good for all stocks.  In this case, stocks are altcoins. 

Its a lot easier for Bitshares to go up 10x if bitcoin doubles, than if it goes down.

Agreed. Bitcoin represents cryptocurrencies, so rising Bitcoin means increasing the pie size.
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Offline dna_gym

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Re: [POLL] When BitShares Makes Its Move...
« Reply #3 on: October 25, 2014, 06:40:58 AM »
I hope a synergistic effect.
If Bitcoin way of decentralization experiment fails, it is an unfortunate thing.
It is more helpful when the entire ecosystem thrives. :)

Offline Mysto

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Re: [POLL] When BitShares Makes Its Move...
« Reply #4 on: October 25, 2014, 07:34:20 AM »
Hopefully after the market push happens bitcoin's price and status will be irrelevant to Bitshares.

Offline Overthetop

Re: [POLL] When BitShares Makes Its Move...
« Reply #5 on: October 25, 2014, 07:43:01 AM »
BTS is an independent business ecosystem using blockchain technology to realize more efficient and lower cost, so , as long as the blockchain industry grows ,BTS will grow steadily and accordingly .

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Offline House

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Re: [POLL] When BitShares Makes Its Move...
« Reply #6 on: October 25, 2014, 08:11:52 AM »
I create a coin [dollar] that the world uses to trade. I can secretly mint as many of these as I want, adding to the pool of coins, but at the same time I use some of these new coins to buy up any other coins, that cannot be created so easily (commodities) that are being used as a ratio to value my coin. I will effectively inflate these other coins for a short time before reaching a critical point where my ability to manipulate them offsets the balance in my favour.

Bitcoin is a threat to the current system. It has been since its adoption on relative mass. Let’s not kid ourselves that large accumulation over the past year has been at the expense of the central banking cartel. They are not sucking their thumbs while watching from the sofa.

Likewise Bitshares is at risk from the same animal with an added risk that its shareholders may not necessarily have the education/aptitude to vote in the best interests of the technology.

Although the downtrend of Bitcoin reduces the margin between it and Bitshares, this is not a great achievement.
Conversely, both the reduction of Bitcoins marketcap and a rise in the bitshares marketcap may give a solid impression.

Ultimately I would like to see us reach a point where the general population will have little choice but to embrace Bitshares and its family of Dacs. [ie. Streamlined Educational, Financial, Commercial facilities etc.]

As I read here on the forum somewhere… ‘Henry Ford had suggested that if he had asked the people what they wanted they would have answered “a faster horse”’

Offline Frodo03

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Re: [POLL] When BitShares Makes Its Move...
« Reply #7 on: October 25, 2014, 08:43:38 AM »
I really hope the Bitshares people are not trying to make BTS compete with Bitcoin. If anything, we should try to find a way to get them to complement each other. Trying to compete with Bitcoin wouldn't be that smart imo.

Offline kisa

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Re: [POLL] When BitShares Makes Its Move...
« Reply #8 on: October 25, 2014, 09:01:39 AM »
The following answer option is missing on the poll:

BTC rally will likely help BTS, but BTS would also succeed without it.
(encompassing both first and third answers)

Offline jsidhu

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Re: [POLL] When BitShares Makes Its Move...
« Reply #9 on: October 25, 2014, 09:06:22 AM »
needs to turn around soon.. to capture
network effect i hope i3 has some btc allocated to
shore up confidence... long term bears
in a immature market is furthest from devs
interest
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Offline Stan

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Re: [POLL] When BitShares Makes Its Move...
« Reply #10 on: October 25, 2014, 01:19:14 PM »
I really hope the Bitshares people are not trying to make BTS compete with Bitcoin. If anything, we should try to find a way to get them to complement each other. Trying to compete with Bitcoin wouldn't be that smart imo.

We are not trying to compete with Bitcoin.
We are targeting completely new demographics.
A year from now we could have more users that Bitcoin.
And 99% of them will not be ex-Bitcoiners.

Of course, if that happens there may be a lot of bitcoiners wanting to move 90% of their holdings from Bitcoin checking to BitShares savings where they can earn +1.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline speedy

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Re: [POLL] When BitShares Makes Its Move...
« Reply #11 on: October 25, 2014, 01:31:44 PM »
A year from now we could have more users that Bitcoin.

This sounds very over-optimistic.

Offline BTSdac

Re: [POLL] When BitShares Makes Its Move...
« Reply #12 on: October 25, 2014, 01:44:25 PM »
I really hope the Bitshares people are not trying to make BTS compete with Bitcoin. If anything, we should try to find a way to get them to complement each other. Trying to compete with Bitcoin wouldn't be that smart imo.

We are not trying to compete with Bitcoin.
We are targeting completely new demographics.
A year from now we could have more users that Bitcoin.
And 99% of them will not be ex-Bitcoiners.

Of course, if that happens there may be a lot of bitcoiners wanting to move 90% of their holdings from Bitcoin checking to BitShares savings where they can earn +1.
is there any online store want to support bitusd , or BTS ,you konw BTS can confire in  10s, it is much better than other coin even don`t consider peg funtion
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Offline Empirical1.1

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Re: [POLL] When BitShares Makes Its Move...
« Reply #13 on: October 25, 2014, 01:54:22 PM »
Bitcoin weakness is good for BitShares taking no.2

'Look Bitcoin is on a downtrend & volatile, we're going up and we have BitAssets'

Bitcoin's general weakness stems slightly from it's centralisation & wasteful mining.
More so though from its volatility that makes it unsuitable for trade & storing value. BitAssets solve that.

However all decentralised options are an alternative to centralised ones. Cyprus was a catalyst for Bitcoin but since then to the average person the financial system seems to have stabilised. It hasn't. When it breaks even in a small way, that is what will catapult decentralised options into the mainstream again.

So outside the normal marketing, game 1 is to have a marketing plan in place to capitalise on Bitcoin weakness & slingshot into no.2 and game 2 is to have a marketing plan that capitalises and sling shots off centralised weakness. (Why Argentina is such a good target, centralised weakness is already in play.)

Offline jamesc

Re: [POLL] When BitShares Makes Its Move...
« Reply #14 on: October 25, 2014, 02:41:00 PM »
Survival of the fittest!   But that's a lot better when we have a lot of good contributors like Bitcoin.  I want to see Bitcoin improve mining and funding in their own way.

 

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