I'm still new. But is it possible those who have not inserted their BTS wallet into the new 2.0 wallet affected the price? I haven't done so yet since I simply forgot. But I'm still holding onto my BTS
Yes of course it would. When these users start using their bts2 and generate tx fees in the network, bts2 will earn revenue and profit. How can it not increase in value and price?
Well but that's the thing. There's not many places where people can spend bts/smartcoins right now.
The way I see it, what we need is a MASSIVE campaign, a push by as many enthusiasts as we can get to get online stores to accept bts/smartcoins.
You can help too! If you're self employed, offer to be paid in BitEUR (or whatever) and give the client a 10-15% discount. That'll make them think!
I was thinking today that Bitshares already has a browing use and market. ie People when they convert BTS to USD, GOLD etc are buying something with Bitshares. So that IS the market, the market for digital assets basically.
Absolutely. Here's a really good current example:
It looks like the VW emissions scandal is going to slow diesel vehicle sales in the US and Europe, at least in the short term. Diesel autocatalysts are primarily made with Platinum. Gasoline powered vehicles, however, have catalytic converters that primarily use Palladium.
Palladium is up from $610/oz to $694/oz in the last 30 days. If I want exposure to Palladium, I have to either buy physical bullion- which is not easy, given it is a scarce precious metal - or I have to buy into an ETF, that charges fees to administer the fund and store the physical bullion in a vault.
I would much rather be able to pay a tiny transaction fee on the graphene powered, BitShares DEX and get exposure to Palladium with a few clicks.