Author Topic: IS BTS dead?  (Read 9894 times)

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Offline bitsharesbrazil

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Re: IS BTS dead?
« Reply #45 on: May 28, 2016, 11:54:07 pm »
From the mumble today according to Dan:

Bitshare's network won't die... but it's hard to find justification for the bitshares token to have a higher market cap, even if the network does continue to grow.

Congrats bitshares holders, please tell me how bullish this is!
Your vision of a bussiness impressed me.  Hanks for share

Well it's hard to have a justification till Nov 5th when they, the largest holders of PTS & AGS and therefore merger shares are likely selling.

However the primary business model for BTS continues to be SmartCoins imo but they do require BTS to introduce liquidity subsidies and continue to make the DEX as user friendly as possible. (I'm also in favour of Yield subsidies for the period of time SmartCoin growth outpaces it.)

If demand for Smartcoins (Backed by BTS) grow over time then demand for BTS will grow with it until such time as the SmartCoin market reaches maturity. (Possibly many years in the future.) At that stage you would monetize your customer base through transaction fees in order to generate a return for shareholders like a more a traditional business. (As well as sell them other related products and services on BTS.)



Another business model on BTS is also a pure DEX model with trading fees for a range of user issued assets. While less lucrative imo, with CEX's like Coinbase valued at >$500 million there's also some potential there by growing that market to become the leading DEX & monetizing that customer base.

This is stark contrast to Steemit, which I see as being sub $1 million/uninvestable.

Quote
Reddit hypothesized that its platform would be improved if everyone who contributed to reddit.com by posting stories, adding comments or voting were rewarded with a fair share in Reddit, Inc1. Steem aims to support social media and online communities by returning much of its value to the people who provide valuable contributions

It has an almost guaranteed constant loss making business model by paying users to subscribe and paying them again for content while having limited potential for future monetization as demonstrated by Reddit.

Quote
As of 2015, Reddit had 542 million monthly visitors (234 million unique users), ranking 14th most visited web-site in US and 36th in the world.[6] Across 2015, Reddit saw 82.54 billion pageviews, 73.15 million submissions, 725.85 million comments, and 6.89 billion upvotes from its users.[7]

https://en.wikipedia.org/wiki/Reddit

Even with those stunning metrics Reddit only generated $8 million in ad revenue in 2014 and less than $1 million from their subscription service I believe.

http://www.recode.net/2014/3/3/11624114/still-in-the-red-reddit-to-donate-one-tenth-of-ad-revenue-to-charity

Even after 10 years REDDIT is still in the RED. (It costs them more to operate Reddit than they gain in revenue.)  Imagine if they had to pay for all the good/popular content on top of that... (Try some numbers, it's scary :) )

So it will take many years of work to get to a fraction of Reddit's size and even then the opportunity is not very lucrative plus their, (Steem) model adds a lot of additional costs.

(Reddit users are also fickle and attempts to monetize further have been met with resistance and loss of userbase. Reddit also donate 10% to charity for positive PR. This indicates not only the difficulty of monetizing something similar to a Reddit type platform but also the fickleness of the users and the importance of positive PR. Given the unpopularity with the way they launched it's unlikely Steem will have the positive public perception needed among crypto-currency users (which may make up a large part of its initial userbase/target market) to gain strong initial traction either. You could hope that adoption of your currency outpaces costs but again it would be unpopular and viewed perhaps rightly as centralized so is unlikely to be adopted to any meaningful degree in it's own right either.)
I.REALLY LIKED YOUR VISION!
« Last Edit: May 29, 2016, 12:09:25 am by bitsharesbrazil »
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Offline bitsharesbrazil

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Re: IS BTS dead?
« Reply #46 on: May 29, 2016, 01:29:56 am »
Cry whale dumper

Bitshares mentioned  8) bitshares father, dao son.

http://www.coindesk.com/can-new-social-operating-system-fix-dao/
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Offline ebit

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Re: IS BTS dead?
« Reply #47 on: May 29, 2016, 01:35:12 am »
Quote
Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform. Words can say everything, but you will see what the people really feel if you watch closly.
+5% +5% +5%

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Offline sudo

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Re: IS BTS dead?
« Reply #48 on: May 29, 2016, 04:34:52 am »
i do not undestand where the demand for STEEM is coming from, when you don't need it to post. It is like right now in BitShares. The fees are low and the products who would increase the market cap (pegged assets) are not widly in use.

STEEM is maybe a good trade, because of the small amount of available shares, but i do not believe in more.
BitShares? At the moment with no "core" team in place with targets the market cap will not move and the userbase will not grow much.

Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform. Words can say everything, but you will see what the people really feel if you watch closly.


Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform. Words can say everything, but you will see what the people really feel if you watch closly.



+5% +5% +5% +5% +5% +5% +5%

Offline llildur

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Re: IS BTS dead?
« Reply #49 on: May 29, 2016, 07:45:22 am »
It feels like be stabbed in the back   :( :(

Offline chryspano

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Re: IS BTS dead?
« Reply #50 on: May 29, 2016, 10:16:02 am »
Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform. Words can say everything, but you will see what the people really feel if you watch closly.

You are missing the part that STEEM has a broader audience than the bitshares supporters, the average crypto-fan has no idea what an OPEN.BTC or OPEN.STEEM is and how to use openledger, If you think that the best time to educate them is on the instant that a new coin launces then good luck with that. Btw Coinmarketcap lists all exchanges as usual.

Offline mint chocolate chip

Re: IS BTS dead?
« Reply #51 on: May 29, 2016, 12:22:01 pm »
Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform. Words can say everything, but you will see what the people really feel if you watch closly.

You are missing the part that STEEM has a broader audience than the bitshares supporters, the average crypto-fan has no idea what an OPEN.BTC or OPEN.STEEM is and how to use openledger, If you think that the best time to educate them is on the instant that a new coin launces then good luck with that. Btw Coinmarketcap lists all exchanges as usual.
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.

Offline speedy

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Re: IS BTS dead?
« Reply #52 on: May 29, 2016, 03:09:51 pm »
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.

Ouch...

Offline bitsharesbrazil

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Re: IS BTS dead?
« Reply #53 on: May 29, 2016, 03:22:24 pm »
I really cannot believe that dan would make anything to screw with bitshares, he put too much into it, certanly he consider bts a son, bitshares project is pretty solid, a lot of players involved, he saw it grow...
...he need money to keep going but im certain that que loves like noone else what bts became, not the software, but the ecosistem, comunity, involvment......he was a great mayor, he make the city work for itself, but a great mayor love his people, love of he did n what he build we con go foward with another mayor but our idol is always better.
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Offline chryspano

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Re: IS BTS dead?
« Reply #54 on: May 29, 2016, 05:19:42 pm »
Oh! now I can understand it all!

It's prety obvious by now that some "people" on this forum love and care more about BTS and STEEM than BM himself! AMAZING!!!!!

BM is the bad guy! the evil one! WOW! LOL

I sudently feel much more "safe" knowing that we have such "good" and "caring" folks around!

What should our next step be, you oh seekers of "justice" and sentinels of "truth"?

Please enlighten us with your infinite wisdom!!!!!! What should we do? Sell? dump? FUD? Troll? whine?

SPEEEEAAK you immortal GODS!!!

Offline thereverseflash

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Re: IS BTS dead?
« Reply #55 on: May 29, 2016, 06:23:37 pm »
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.

Ouch...

Assume for a moment that you were launching steem and trying to make it successful. Where would you direct people? 

I Iove to help bts, but not at the expense of steem.  The truth is bts would create a higher barrier to entry for most people.

Is that my fault?  How can we lower the barrier to entry for bts? 



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Offline gamey

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Re: IS BTS dead?
« Reply #56 on: May 29, 2016, 06:27:20 pm »
Oh! now I can understand it all!

It's prety obvious by now that some "people" on this forum love and care more about BTS and STEEM than BM himself! AMAZING!!!!!

BM is the bad guy! the evil one! WOW! LOL

I sudently feel much more "safe" knowing that we have such "good" and "caring" folks around!

What should our next step be, you oh seekers of "justice" and sentinels of "truth"?

Please enlighten us with your infinite wisdom!!!!!! What should we do? Sell? dump? FUD? Troll? whine?

SPEEEEAAK you immortal GODS!!!

You're a real headcase. I have no clue what point you are trying to make. You cheerlead with no real point it seems except you adore BM. Thats cool. Lots of us have been in your shoes at some point.

I have little investment in BTS except for my vesting balance. I however spent too much of my time and life on BTS to give up on it.  Thats why I still rally behind BTS when the Steemit creator tries to steal the userbase from this forum.  I missed out on some great opportunities being a BTS fanboy, but those are my mistakes, not BM's.  It still needs to be pointed out how often BM and Stan say they're going to do one thing and completely don't do it. Thats how this concept of anarchy etc works.
I speak for myself and only myself.

Offline Shentist

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Re: IS BTS dead?
« Reply #57 on: May 29, 2016, 06:40:12 pm »
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.

Ouch...

Assume for a moment that you were launching steem and trying to make it successful. Where would you direct people? 

I Iove to help bts, but not at the expense of steem.  The truth is bts would create a higher barrier to entry for most people.

Is that my fault?  How can we lower the barrier to entry for bts? 



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not everyone knows that this account belongs to bytemaster!

to answer your question.

why is using openledger more difficult then bittrex?

only because bittrex has the bigger user base.

in the past you wrote and spoke several times that you are in talks with projects to get them exclusivly on the bitshares exchange. You had the chance with your own project and didn't do it, so you should not expect that anyone understand this. It seems to me what you say and what you do are two different pair of shoes and in the meantime you sold most of your BTS.

Vitalik sold 25% of his ETHER so i ask you how much of your persoanl BTS stake is left right now?

To answer my own question, besides the vesting balance and some BTS i sold everything after the April 1 2016. I am really a fool that i did believe all the sweet talk. You divided the community.
Some people who could mine your STEEM and people who are not.

It is my fault, that you say and do different things?

Offline neo1344

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Re: IS BTS dead?
« Reply #58 on: May 29, 2016, 06:54:51 pm »
your boss BM  confessed that DAO is DOA so BTS.

Offline ag

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Re: IS BTS dead?
« Reply #59 on: May 29, 2016, 07:13:20 pm »
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.

Ouch...

Assume for a moment that you were launching steem and trying to make it successful. Where would you direct people? 

I Iove to help bts, but not at the expense of steem.  The truth is bts would create a higher barrier to entry for most people.

Is that my fault?  How can we lower the barrier to entry for bts? 



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its cool with me. but i think open ledger could have traded first. it should not have been the fiasco it was. they felt screwed over. the bts shareholders too.


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