As I reminded other people before , mining is not 100% waste .
The biggest promotion for bitcoin come from mining machine producers and big miners .
The deep market depth for bitcoin come from mining machine producers and big miners , because they want to sustain the mining business for a long time and actually care if bitcoin lives or dies , for the simple reason that they've invested too much equipment and investment in it .
For machine producers and big miners , if Bitcoin dies , they will suffer great lost . so they have more incentive to keep bitcoin alive . For delegates of bitshares . if BTS dies , they will simply lose a job .
So , what do you think big miners would do ? Promote bitcoin , sustain the market depth ....... At least that's how it works with the big ones .
I know big miners would take out a bank loan to avoid selling Bitcoin at a very disturbing price , would BTS delegates do that ? I highly doubt it .
Without mining , there will be zero those "resource" for bitcoin to begin with .
You can watch the market depth of Doge coin , it's 10 times deeper than BTS , especially since the "merge mining " thing with LTC . Because now LTC miners has incentive to sustain Doge coin as part of their business . This is a perfect example of how mining created a " interest group" that makes the coin harder to die . Of course , ,it has to be the right group . XPM miners can't do that .
So I think the one thing that BTS is lack of right now , is a interest group --------- A group with great power/resources , and would suffer enormous lost if BTS fails or its price drops , and they can't simply say "oops , I can find another job at ....." or "oops , I can sell BTS and buy other coins ". What do we have to offer such a group ? That's what we should think about more .