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General Discussion / Re: Merger of STEEM and BTS
« on: May 30, 2016, 01:46:38 pm »A straight merger will never happen, just forget about that. What could happen however is Bitshares deciding to adopt some of the features developed for Steem once they've proven that they work, like rate limited free transactions, market maker incentives and possibly the new pegged asset model.
One of the main issues Bitshares faces right now is the lack of interest around the market pegged assets; although the peg works fairly well the generation process through shorting/borrowing is failing to generate enough supply to make the assets viable. Steem has a new solution for this problem that could be ported to Bitshares if it turns out to be more successful. Bitshares currently does not have an ETH asset, perhaps a bitasset 2.0 could be implemented first using ETH, that could generate a lot of interest and would make it very easy for ETH holders to come trade on Bitshares. Anyway, we first need to see the new model in action in Steem, which will happen after the 4th of July..
svk, the new Steem model could not possibly overlap our market and become a competitor...
And it surely can't be used by BitShares...
I wanted to make sure Steem didn't compete with BitShares market. In fact, one of the reasons I was willing to help with Steem was that its feature set is fundamentally incompatible with BitShares and we could not hardfork BitShares to implement what Steem does.