151
General Discussion / Re: What's happening with the price?
« on: March 24, 2015, 05:39:44 pm »I'm not sure how I screwed you...
By giving away my master plan!
I have been solely whaling this BTS drop with my 500+ million BTS!
If it weren't for that pesky Ander, it would have succeeded too...How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
- gizmoh (bitcointalk.org/index.php?action=profile;u=87919)
The very very sad thing about all this is how many people I constantly watch in cryptocurrency focusing so much on the price that they forget why we got into crypto in the first place. Instead of changing the paradigm to one that empowers everyone, they are willing to lie to others to make a quick buck---and damn those they lie to.
I was actually kicked from the Cryptocurrency Collectors Club for talking about the Ponzi nature of Nubits/Nushares while the admin pushed "the last thing we should be doing is calling out other cryptocurrencies. We are all in this together!" bs. So sad.
I personally am so pumped. Let me explain why:
-MetaExchange
-3D Printing Alliance growing
-Open Source Hardware
-DataSecurity Shares
-MoonStone
-CryptoFresh
-LimeWallet
-Nathans Wallet
-MineBitShares
-PLAY
-MUSIC
-BitSharesTV
-NullStreet Marketers
-Other DACs some are considering working on that I am not at liberty to talk about
-...and many others I am not thinking of atm.
Not so very long ago we didn't have any of these....now we are making progress. Now if only we can stop shooting ourselves in the foot by trying to be something we are not...
When I see all those initiatives coming together I really get the feeling Bitshares is going to be HUGE, and I'm not talking market cap-wise, but feature-wise. When I look at market cap, the only thing it tells me is that several whales have lost faith and that some traders are riding the down trend. Is it market manipulation or a general sentiment that Bitshares isn't going anywhere? I honestly don't know.
The danger we face is if the market cap stays this low long enough, all the 100% delegates won't be able to put in as much time as they use to in Bitshares, because they'll have to work full time on other projects to pay their bills and feed their family.
If the market cap could get back up to at least $75M in a reasonable amount of time, it will at least secure a relatively decent salary to all those 100% delegates, and limit the risk of having those delegates leave their jobs for other more profitable projects. I'm sure all of them are truly dedicated to Bitshares, but everybody needs to pay their bills.
From there, I wouldn't mind if the market cap stays at the same level for a couple of years, I'm in here for the long run.
When investing, your best friend is time.