The interesting thing is I sit back and examine my own cognitive biases, being a Bitshares fanboy etc.
Am I lacking in objectivity?
Is this really as crazy as it seems ?
I really trust your analyses TonyK, which are just as harsh on Bitshares products as anything else... but still.. I'm just like uhhhh what. This must be why NXT price has started to grow significantly again. Either that or maybe it is rebounding after sell off to diversify into Ether or BTSX ?
The reason NXT is on a pump, is that NXT and btcd get a 5% discount on the supernet ICO. Then they sell it on the TOKEN/BTC market for a quick profit.
Also the cheapest way in for non NXT and BTCD holders would be to sell BTC for one of these
Result NXT and BTCD pump. However most tokens sold on the BTC market are being sold below current ICO price.
His current selling point(what he's trying to achieve) is basically start a crypto hedge fund.
At all times he will set up a buy wall of 1% at NAV.
Also some of the funds are given to "super traders" wich are meant to bring extra value.
By all means I'm not trying to convince you guys to buy in to this ICO. The main downfall of supernet is that it's to centralized.