It seems to me that BTS is keep falling and falling in price. The other day people commented that 1 Brownie PTS will be worth 100 BTS. The whole market appears not confident about what is happening with BTS and this is reflected in the price. And now reading some posts I see long term supporters of the community valuing BTS differently. I personally don't feel this way but apparently the market is not valuing BTS like me..
To this effect I would ask BM if possible to address this by reassuring investors that BTS is going in the right direction and BTS holders will not be keeping the bag. If he can bring back lost confidence it would be nice. Explain in more details what is the plan and how BTS holders will profit. Re assure that CNX is complementary to BTS and not competitor..Things like that..
I don't think it has anything to do with lost confidence, except perhaps among the uninformed. Our expectations are sky-high with respect to the impact our referral program will have on bringing in new users from our partners by the tens of thousands. (In today's Mumble we briefly touched on one example - 40,000 potential new members from a professional engineers' society.) There is a really compelling incentive for all sorts of businesses to quickly monetize their existing user bases and there will be a gold rush of all kinds of people signing up new users. And with more partners come more products and services and market depth - growing the BitShares economy in an exponential sort of way.
This is a major part of the Cryptonomex business plan - helping to find
and assist new partners to do the above. You see us doing that already with many of the Summer Announcements to date and more to come.
Another part of our business plan is to capture outside funding so we can add features to BitShares faster without requiring BitShares to pay for all of it. This gives BitShares a higher "thrust to weight ratio" so to speak.
The ability to pay developers competitive wages is another big benefit of having Cryptonomex attract partners, customers, and investors that BitShares has no way to attract on its own. That's the original reason Cryptonomex was founded.
And then there is the potential for BTS holders to be the targets of future share drops for new chains. That remains a major factor in our thinking about who gets a Graphene license and thus another reason why Cryptonomex involvement in developing new chains directly adds to the value BTS holders receive. It increases the likelihood of more share drops for public chains where that makes sense. I'd hate to be sitting on the sidelines when one of those is announced.
Demand for BTS and its products is going to come more and more from users and less and less (percentage wise) from speculators where most other cryptos are trapped fighting over the same fickle money hopping from pump to pump. (Of course, speculators will follow the coming surge in BitShares users too.)
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