Simply this:
This is why we are not seeing any growth in the smartcoin market. The lending market will fix this as I have outlined in
this post. In order to become profitable bitshares has to solve a real-world problem that has not already been solved. Right now it doesn't completely solve a real-world problem, but it is 90% of the way there. Stealth, by itself, does not solve a real world problem that has not already been solved but it is necessary. The two things on the docket that will allow bitshares to solve a real world problem are the
lending market and the prediction market. The lending market, in conjunction with the creation of the most popular physical commodity markets and equity market indicies, and making of these markets will solve a real world problem that has never been solved before in a decentralized fashion. Maker will be helpful too.
Once stealth is done, we should go full force and fund the lending market and prediction market (at the same time if possible) through cnx, no matter what the cost. The cost will be worse if we don't.
And don't tell me about Bitcoin mining is the same as BItShares dilution . I know a lot of BItcoin miners shutdown their mining when the price is too low . But that's hardly happened in BitShares . When BTS price is low , the magic word is "dilute on market rate " .
That is a good point. Development doesn't get cheaper as prices fall.