46
General Discussion / Re: Bitshares price discussion
« on: October 11, 2016, 08:44:21 pm »@lil_jay890 When you look at the top 10-20 on coinmarketcap one could say they all "suck." Bitcoin has the first mover advantage however BTS and yes Steem are the only ones doing something different with real world use cases.
I did see in the troll box yesterday, OpenLedger mentioned a GUI revamp being done this month. People do not understand bitcoin and when they load up bitshares, it's simply overwhelming. I would hope to see the GUI revamp increase new user traction/retention and thus should drive up the price of bts.
If Openledger is updating the GUI in an attempt to drive traffic and retention you should buy OBITS, not BTS. BTS just doesn't give any real reason to hold the token. Network traffic and Collateral lock up have increased consistently over the last several months, but the price has stagnated and even declined.
I've been advocating forever that the only way that the BTS token becomes valuable is if the BTS network starts turning a profit. But the governmental process is weak and there are no plans to make the network profitable.
How would Bitshares need to look if it were to turn a profit? Our main cost are: Dilution due to vesting which should end this November, witnesses which help secure the network, worker proposals which rarely get voted for, and... what else?
Is it systemic to the network no matter the scale? If so then the project simply can not succeed no matter what. Or is it simply that the network has not scaled to a break even point yet?