Are we losing a race against time until the halving?

[speedy]

You mean BTC could instantly reduce its cost to 0 thereby instantly become DEAD.

BTC doesn't work without mining, and nobody is going to mine without the financial incentive. IMO BTC will have a hard time after the reward halving next year.

They could instantly reduce their costs to 0 by copying DPOS. Im curious why you think the reward halving will give them a hard time. I think it will bump Bitcoin back to $1000.

[xeroc]

The Bitcoin company has a single service (feature) .. it allows to transfer a single token (called satoshi). The uses-cases are huge, though.
But then, there is BitShares .. it allows to transfer the basic token (BTS) plus many others ..
+ and has a decentalized dex
+ and has user names registered on the blockchain
+ and has threshold signatures
+ and has confidential transactions
+ and is more decentralized
+ and ..
+ and ..
+ and ..

It don't see Bitcoin being more of a competitor just because they "halve" their operational costs (which still remain significant)

edit: plus what @pc says!

[pc]

You mean BTC could instantly reduce its cost to 0 thereby instantly become DEAD.

BTC doesn't work without mining, and nobody is going to mine without the financial incentive. IMO BTC will have a hard time after the reward halving next year.

[speedy]

One of the aims of BitShares is to create profitable decentralized companies that dont rely on subsidies and dont have the huge costs of mining.

Bitcoin right now has huge costs, but it could fix that with 1 software update. Bitcoin is unique in that its the only "company" in the world that could instantly reduce its own costs to ~0 thereby instantly become profitable. In fact its scheduled to halve its costs next May/June.

Given that most of the crypto world is ignoring us right now, if 2.0 doesnt fix that are we basically screwed? The halving is just round the corner which will reduce one the main reasons for BitShares existing by 50%. A lot of BitShares' trading volume is in Yuan, so we probably wont get a boost from Bitcoin's halving either.