price from 5100sats to 4470sats and what IMPACT accordingly

[karnal]

bump

[starspirit]

I wonder if we need to consider a more flexible method of funding development without resorting to more inflation.  I'm not sure the funding mechanism is resilient enough should the crypto-economy continue to fall further, as a declining BTS price eats into the development budget. Where is the line where delegates/developers can effectively operate -  $15m market cap, $10m, $5m? Any of these are possibilities.

Perhaps we should be considering some alternatives to complement the inflation funding system, such as voluntary fund-raising in BTS or other assets.

[merlin0113]

Very strong selling power right now, why?

来自我的 M040 上的 Tapatalk

[merlin0113]

I hope they try harder.. Giving up is not an option

I know 1. You are 100% support BTS. 2. You are very good coder too.
So combined to me, this reply seems like a big FUD.

[CalabiYau]

We're on right track IMO!

Yes it's depressing sometime to to see this prices!

But from what i can see:

We've a really transparent western marketing channel, very fruitful as i find!

We're are making UX/UI progess in right direction, light weight wallets are on the way, Crowdfunding platform is on the way,
we're developing a mobile wallet for the masses in parallel ... Gateways, Bridges , Shopping card plugins etc. p. p.

…so finally … i really don't understand …why to give up hope..
on community level we're more and more working effective together!

 

[cass]

We're on right track IMO!

Yes it's depressing sometime to to see this prices!

But from what i can see:

We've a really transparent western marketing channel, very fruitful as i find!

We're are making UX/UI progess in right direction, light weight wallets are on the way, Crowdfunding platform is on the way,
we're developing a mobile wallet for the masses in parallel ... Gateways, Bridges , Shopping card plugins etc. p. p.

…so finally … i really don't understand …why to give up hope..
on community level we're more and more working effective together!

[jsidhu]

I hope they try harder.. Giving up is not an option

[merlin0113]

UPDATES: 5500sats to 3600sats.
Q: Where is the bottom?

[deprdoo]

I think this happens to most things priced in btc when btc rises rapidly. People looking to cash out.

I first noticed it in April 2013 when I was getting into asicminer.

Also, if you look at bitcoinwisdom.com you will notice that pretty much everything other than btc is negative for the last 24 hours.

[Ander]

Its pretty funny that bytemaster made that comment at the exact top at 5500 and its been all down since then.  I think there have been two factors: selling of vested PTS/DNS shares from people who dont want to be in bitshares anymore, and BTC outperforming everything yesterday.

[xiahui135]

It's not like we are the only ones loosing grounds to BTC.
The only thing I really don't get is why paycoin has shot up more than BTC, maybe a last pump and dump scheme to get out of it?

Paycoin have much more users than bitshares.

[merlin0113]

I'm still not convinced. This morning people panic sold everything into BTC.
BTS just had the problem, that it had some extra vested balances on the exchanges, what might have caused some more selling.

But to be honest, I'm not complaining we still managed to get a  today. (fiat)
If we went down against fiat, then sure we would have a bit of a problem.

Your point is vested coins to be sold, which is not. I hope your confidenc won't fail you.

[graffenwalder]

I'm still not convinced. This morning people panic sold everything into BTC.
BTS just had the problem, that it had some extra vested balances on the exchanges, what might have caused some more selling.

But to be honest, I'm not complaining we still managed to get a  today. (fiat)
If we went down against fiat, then sure we would have a bit of a problem.

[merlin0113]

Look out there, I think we are really different from other coins in the perspective of trading volume. So this is not a valid excuse.

It's a real sign of people losing faith. I am pretty sure this means something to the whole community. We need to change or I can forsee a very dangerous crash when BTC hits low price. Or without.

[graffenwalder]

It's not like we are the only ones loosing grounds to BTC.
The only thing I really don't get is why paycoin has shot up more than BTC, maybe a last pump and dump scheme to get out of it?

[merlin0113]

I think the webwallet is the most important now

Edit:
Many people may are concerning digital currencies now after the down and up trend. If bitshares is usable these day, it is ppssible let people stay.

Yes, there is much buy power due to BTC rally. This may sounds short term vision, but if we can release 1.0 in time we will see a much stronger price rise these days.

[xiahui135]

I think the webwallet is the most important now

Edit:
Many people may are concerning digital currencies now after the down and up trend. If bitshares is usable these day, it is ppssible let people stay.

[alt]

 
集中力量，把精力用对地方，早日发布一个真正好用的钱包
再这么耗下去，大家都没信心了

[merlin0113]

I see the other day when a pump of 10% from 5000sats to 5500sats give confidense to bytemaster. So will this price loss frustrate bytemaster?

Here is the blunt question: will devs work more or work less when BTS price falled significantly? Or no impact at all? I heard from a seasoned coder that the BTS software development is not fast. I know he is a moderate guy, so I understand that his not fast is indeed slow .

I emphasis devs, because I think a well functional wallet and light wallet is the only things matter now. We (community members, investors, marketing enthusiasts ) simply cannot cook a meal without rice.

What's worse, it's possible here we are coming to a vicious circle: price and people confidence.

So if we can make some incentive plan offered to devs, aiming to work out a funtional 1.0 wallet due in Feb. by work 10 hours more weekly maybe?