I have been trying to get excited about STEEM and am playing around with its features so far. But I think one of the main reasons BM is working on it is so that he can fund his endeavors by pumping and dumping it. One of his messages seemed to suggest this pretty clearly. If they truly want to make money from a market cap that naturally reaches great heights, it's going to require a different kind of development. STEEM's success is going to depend even more heavily on the type of outreach and viral growth of the user base that has been so elusive for BitShares. I really hope they have some different people involved in that project who can help sell it, since that's been one of our major shortcomings here.
How did Bitshares lose the Chinese? Now Ethereum is being translated and promoted in China.
The first thing was DNS .
Freezing an crypto asset that people paid for scared people . They didn't realize someone had the power to do it .
Some even come back from holiday and found out that their DNS was ceased to exist .
Merger and worker dilution didn't help either . But I think the worst part was freezing DNS after it was fully circulated and brought by ordinary people and speculators on the market .
As for Ethereum, I don't think Ethereum has anything to do with BitShares to be compared .
BitShares is for "real-users" , not speculators , right . One can't envy benefiting from highly active speculation and the high marketcap that comes with it while its mission is to disregard speculators and the market to serve the imaginary real users who contributed several cents in each trade .........
But the funny part is , people paid for BTS when it was priced at a highly active speculation environment (crypto market) , so .....it's nearly impossible for people to make the return on their investment by a few cents from a few "real-users" . At the end of the day , the price is always a bubble , not matter how the devs claimed .
Topic: What happens if Steem market cap surpasses Bitshares market cap? (Read 6437 times)
