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Author Topic: Possible direct competitors, might be serious  (Read 1595 times)

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February 18, 2014, 12:55:35 am Reply #3

Offline Markus

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Re: Possible direct competitors, might be serious
Quote from: Markus on January 21, 2014, 11:05:56 pm
Inspired by this criticism (https://bitsharestalk.org/index.php?topic=2467.0) I had some new thoughts regarding BitAssets:

People say that BitAssets are worthless because there will be no payout. What they forget is that the total market cap of any BitAsset is already zero. There are always the same amount of short and long positions which makes the number of net outstanding shares zero. There might be 5 million BitUSD long and -5 million BitUSD short. The sum is always zero.

   Market cap
= Outstanding shares • Price per share
= 0 • p
= 0

The critics are right that all BitAssets are worthless, but that is not because of the price of one of them. The price can have any finite value.

BTW: I claim half a PTS for any analogy using the term "antimatter" :)

I wonder where they got that idea from :)
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February 18, 2014, 12:22:16 am Reply #2

Offline bytemaster

Re: Possible direct competitors, might be serious
Quote from: toast on February 18, 2014, 12:16:15 am
https://bitcointalk.org/index.php?topic=470620.0

Interesting, looks like a variant on BitShares X... not serious yet... but keep an eye on it for me.
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February 18, 2014, 12:16:15 am Reply #1

Offline toast

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Possible direct competitors, might be serious
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