BitShares Forum

Main => General Discussion => Topic started by: luckybit on April 28, 2015, 04:19:02 am

Title: Interesting relevant quote from Bryce Weiner
Post by: luckybit on April 28, 2015, 04:19:02 am

https://youtu.be/eTPJdOd5VVA?t=3911

Is the Bitshares hype cycle over? Are we in the bleed out cycle?

Apparently Bryce Weiner predicted the Bitcoin price bleed out. He said the transaction velocity of Bitcoin must increase by over 1.1 million dollars a day to avoid a bleed out. What is the transaction velocity of Bitshares and is anyone tracking it?

Title: Re: Interesting relevant quote from Bryce Weiner
Post by: fuzzy on April 28, 2015, 07:43:37 am

Quote from: luckybit on April 28, 2015, 04:19:02 am

https://youtu.be/eTPJdOd5VVA?t=3911

Is the Bitshares hype cycle over? Are we in the bleed out cycle?

Apparently Bryce Weiner predicted the Bitcoin price bleed out. He said the transaction velocity of Bitcoin must increase by over 1.1 million dollars a day to avoid a bleed out. What is the transaction velocity of Bitshares and is anyone tracking it?

MineBitShares....

Title: Re: Interesting relevant quote from Bryce Weiner
Post by: triox on April 28, 2015, 08:32:22 am

I don't think transaction velocity has anything to do with it. What is the transaction velocity of stocks and commodities?

What we're seeing is simply supply outpacing demand.

Bitcoin can't do anything about it but Bitshares could introduce variable rate of vesting based on market cap.