Author Topic: Bitshares is in a temporary bubble if we dont keep releasing new bitAssets  (Read 3833 times)

0 Members and 1 Guest are viewing this topic.

Offline bytemaster

I think we have it ready to tag... for the back end.

GUI is closer... but still buggy.

Backend is most important because that will allow me to run bots. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
I don't think we need more assets as much as we need to get to the point where the assets that do exist have higher volume, lower spread, and are strongly pegged to their respective items.

We just need bitUSD, at a market cap in the millions, and a price keeping to a range of .99 to 1.01, and then we have something very powerful. 
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline eagleeye

  • Hero Member
  • *****
  • Posts: 931
    • View Profile
Hold on buddy... the value of BTSX is speculative based upon where we will be and when we will get there.

If we release BitAssets before we work out all the UI and Market Engine kinks then we make a bigger mess for ourselves.

Sounds good bytemaster just keeping you on your toes.

***Added for bytemaster***

On a percentage basis (I know UI and Market Engine Dynamics take long as its C++ and not like Mysql/php (I know its for 2 different things but I am in the website business not in your C++ development software business) but are you around 15% done the upgrade right now, or in your estimation?
« Last Edit: September 24, 2014, 10:58:31 pm by eagleeye »

Offline bytemaster

Hold on buddy... the value of BTSX is speculative based upon where we will be and when we will get there.

If we release BitAssets before we work out all the UI and Market Engine kinks then we make a bigger mess for ourselves. 

For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline eagleeye

  • Hero Member
  • *****
  • Posts: 931
    • View Profile
Look at NXT there asset community is way ahead of ours http://coinmarketcap.com/assets/

We have 3 bitUSD, bitCNY, and bitBTC which rank 13, 15 and 19.

While NXT has many more assets.

We need to mimic NXT assets like sharkfund0 if its an actual fund.

Its true we are newer and we have 10s transactions but if NXT gets 10s transactions, we are in big sh*t