now it's also a good time to borrow bitEUR.
Isn't this BTC bull run another marketing window of opportunity to raise the profile of BTS?
It seems like now would be a good time for whales and a thousand dolphins to be top producers of BitShares stablecoins
As this bull market run continues where are the traders going to store their profits...? On June 9 BTC ~ $7600
USDT given its history and lack of transparency is still very risky....the crypto equivalent of the Federal Reserve...i.e "printing money out of thin air"
Others such as USDC are centrally controlled...KYC/AML..have capabitlity to freeze user accounts at anytime; .ERC20 based tokens GUSD, TrueUSD -- same issues plus network capacity issues in volatile environment.
(.i.e slow transaction speeds)
bitUSD, bitCNY, bitEuro, bitGold bitXXX - should be marketed as very attractive and practical stores of value...(decentralized, transparent, fast, trustless, settlement mechanism, etc) especially if BTS price rises simultaneously..
Right now there is a very strong inverse relationship between BTC and Altcoins (all managed by bots I'll assume)
Obviously BTS needs to distinguish itself and hopefully be able to move in tandem with the BTC bullrun...
so to do that... it concurrently needs an increase in its utility value...e.g. those stablecoins being accepted by any major consumer goods retailer or services vendor or payment processor in the US-Europe-Asia regions
{any follow up news re: Wirex; Huobi ---
https://cointelegraph.com/news/united-states-crypto-platform-huobicom-launches-fiat-crypto-trading }
OR
A major manufacturer like Samsung that wants to increase sales of their Galaxy S10 to capitalize on the additonal attention cryptocurrencies will garner from major news media and average consumers as BTC price rises...
A separate Samsung backed subsidiary could be the first corporate market maker in bitKRW or any other smartcoin
https://bitsharestalk.org/index.php?topic=27733.msg328527#msg328527 and bring consumer attention to their "blockchain enabled mobile device"
https://www.newsbtc.com/2019/02/21/underestimate-samsung-galaxy-s10-crypto-millions-exposed-bitcoin/How else will Samsung compete against LIBRA coin (initially backed by Facebook,,MasterCard, Visa, PayPal, Uber, eBay, Vodafone and Mercy Corp with potentially more to come..)
or maybe a future similar Google or Amazon created consortium?
I wonder what kind of comparative analysis Samsung has done considering all the cost, technical,legal and administrative tasks needed to develop, manage,& update their own blockchain and cryptocurrency...versus using the gift that is BTS?
(I inquired months ago..but I guess the Foundation has been too busy to reach out via email to Samsung....{where's a DeCEO when you need one}
The increase in utility value will also help RETAIN any increase in the BTS price so speculators can't short it to hell like they normally do.
....and the decentralized nature of smart asset creation will also be seen as an antidote to the potential threat from LIBRA type coins...
This time if BTC revisits its ATH, I don't think it will be going back too far below that price ever again...(at least not for an extended period)...Institutional investors are also subject to greed, FOMO ,etc.
(not to mention that QE, ZIRP and other policies have made fiat very "unhealthy")
The next BTC halvening is approximately May 2020...Libra is expected to debut in the first half of 2020 (although it does face regulatory and politcal hurdles...on the other hand enough politicians are easily bought to overcome this..)
It's impossible to predict the future,but...
"Black swan logic makes what you don’t know far more relevant than what you do know"
If fortune smiles.. and the above kind of events happen simultaneously..
Well could a positive Black Swan be on the horizon? BTS >>> $1.00 CNY 7 (market cap ~US$ 2.7 billion)
Even today BTS is only 0.0821% of BTC market cap { ~ US$ 243.5 Billion } (ETH 37, LTC 8.4, EOS 6.7, USDT 3.6 and BTS 0.2 Bilion
... and ironically what crypto at the moment is ~ >US$ 2.6 Billion CARDANO....(Charles Hoskinson, its CEO is another Dan Larimer former running mate ! --- If Bytemaster was CEO of BTS what would the price be? )
Why is BTS not at least 1 - 2% of BTC market cap and ahead of CARDANO ? ( I am not familiar wiith pros & cons of Cardano relative to BTS..so I'm just asking )
A Wise Man Knows He Doesn’t Know Anything
Taleb promotes a focus on “anti-knowledge”, such as a focus on what we don’t know.
He says we should not try to predict them but adjust to them. And when we adjust to them, we can position ourselves not only to limit the downsides, but also to take advantage of possibly positive black swans, what he calls “serendipitous black
swans”.
We need to adjust to black swan existence instead of naively trying to predict themMaybe the first "adjustment" is ... a greater production of bitUSD...bitCNY...bitEuro...bitKRW...bitGold...? ( & maybe a shot of epinephrine for the Foundation :-)