Is it true that every $1 dollar of bitGold there is $3 dollars of Bitshares

[Gentso1]

Giving away a dollar of bitgold does not magically make the market cap of BTS increase by $3.  This isnt some perpetual motion machine.

It is if the dollar is coming from a paid delegate.

If the person who receives the giveaway holds their bitUSD then this is actually sort of true. But its no different than inflating out 50 BTS and then not spending them, which would also make the market cap increase on paper.

What we want is the price of BTS to increase, not just market cap. That only happens if the person who received the giveaway buys even more.

Yeh but let's not forget...our bitAssets are ALSO listed on Coinmarketcap, so getting a bunch of people holding bitGold, bitSilver, bitUSD...etc only increases the visibility of multiple bitAssets which is like direct advertising for the main chain and token.

To add to this....


We all know CMC is a bit gamed, NUbits volume, Paycoin market cap etc. But it can be powerful to see a coin doing huge volume or getting a nice bump.

Does anyone know if their is a site similar to CMC that may be a little more accurate?

[fuzzy]

Giving away a dollar of bitgold does not magically make the market cap of BTS increase by $3.  This isnt some perpetual motion machine.

It is if the dollar is coming from a paid delegate.

If the person who receives the giveaway holds their bitUSD then this is actually sort of true. But its no different than inflating out 50 BTS and then not spending them, which would also make the market cap increase on paper.

What we want is the price of BTS to increase, not just market cap. That only happens if the person who received the giveaway buys even more.

Yeh but let's not forget...our bitAssets are ALSO listed on Coinmarketcap, so getting a bunch of people holding bitGold, bitSilver, bitUSD...etc only increases the visibility of multiple bitAssets which is like direct advertising for the main chain and token.

[Rune]

Giving away a dollar of bitgold does not magically make the market cap of BTS increase by $3.  This isnt some perpetual motion machine.

It is if the dollar is coming from a paid delegate.

If the person who receives the giveaway holds their bitUSD then this is actually sort of true. But its no different than inflating out 50 BTS and then not spending them, which would also make the market cap increase on paper.

What we want is the price of BTS to increase, not just market cap. That only happens if the person who received the giveaway buys even more.

[eagleeye]

Giving away a dollar of bitgold does not magically make the market cap of BTS increase by $3.  This isnt some perpetual motion machine.

It is if the dollar is coming from a paid delegate.

[Ander]

Giving away a dollar of bitgold does not magically make the market cap of BTS increase by $3.  This isnt some perpetual motion machine.

[eagleeye]

If so give the shit away we are increasing the market cap.

Take our money, take it.