OMG - Ripple can fall down today!

Started by tonyk, August 21, 2014, 07:08:59 PM

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tonyk

#6
Quote from: bytemaster on August 21, 2014, 07:19:09 PM
Quote from: luckybit on August 21, 2014, 07:15:24 PM
Quote from: TheOnion on August 21, 2014, 07:08:59 PM
:D

And if that happens Bytemaster should make a video discussing it and explaining to new users what to expect from Bitshares X.

I think its extremely impressive to already be challenging Litecoin before market pegged assets have even launched. That means we aren't even at the peak of where we could going but just the initial influx.

A month from now where will we be?

It means the market is betting on market pegged assets working... which means they will work :)

+5%

Market is indeed the only living God.
And BM is her prophet!
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

bytemaster

Quote from: luckybit on August 21, 2014, 07:15:24 PM
Quote from: TheOnion on August 21, 2014, 07:08:59 PM
:D

And if that happens Bytemaster should make a video discussing it and explaining to new users what to expect from Bitshares X.

I think its extremely impressive to already be challenging Litecoin before market pegged assets have even launched. That means we aren't even at the peak of where we could going but just the initial influx.

A month from now where will we be?

It means the market is betting on market pegged assets working... which means they will work :)
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

luckybit

#4
Quote from: TheOnion on August 21, 2014, 07:08:59 PM
:D

And if that happens Bytemaster should make a video discussing it and explaining to new users what to expect from Bitshares X.

I think its extremely impressive to already be challenging Litecoin before market pegged assets have even launched. That means we aren't even at the peak of where we could going but just the initial influx.

A month from now where will we be?

Quote from: Akado on August 21, 2014, 07:15:08 PM
what if this is just something temporary. Tomorrow we can bounce back to 30mil

Normally that would be true but why would you buy up all the Bitshares and then sell them before all the best features kick in? I can't see anyone selling them in the next few weeks unless the peg doesn't work.

If the peg works then everyone is going to have to buy more and more. It's the utility of it which will make people want it and the fact that you can get +5% just holding BitUSD? There will be sales for sure but people will lose money in the market too and will buy more Bitshares.

Some reasons to be confident is there is Minebitshares which comes online pretty soon. If it works as intended then there will be even more buying pressure as we will have a Blackcoin style virtual mining pool.  There are also other DACs which are set to launch soon and plenty of time for Bytemaster to make major upgrades.

Once the peg holds (if it holds) then Bytemaster and team are free to really go all out on the features because the hard problem will be solved.
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Akado

what if this is just something temporary. Tomorrow we can bounce back to 30mil
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puppies

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tonyk

Lack of arbitrage is the problem, isn't it. And this 'should' solves it.