You missed the BTC train, then the ETH one? Here is the third one, potentially even bigger! [No clickbait, just super cool fresh information]
I wrote this blog straight after watching the video because I couldn't wait to share it with everyone !
For information, I own BTS and I may buy a little more before publishing this blog. Yes, it's disgusting what I just did ... bad GlitterFart!
TL;DR
The video speaks about Graphene, Steemit, Peerplays but mostly about how the new smartcoin HERO will drive the BitShares market capitalisation over 100 billion freaking dollars!
The plan is solid and investors are already there backing the project, it may skyrocket just as explained in the video.
The Presentation is really cool, no need to be a crypto nerd to understand. I recommend to everyone to watch it carefully and wisely decide how worthy is this information.
While I disagree on some aspects of how HERO is publicly sold as a cash cow (it's not a money printing press), I still do like the technology and economics behind it.
Will it work? Depends! As long as the price feeds are fine, a HERO long position can always settle with the "promised" capital appreciation.
One thing should be clear, the "capital appreciation" of the HERO is paid by someone! It is not free money. It never will be!
All a market does is move for two people to exchange different kinds of value. In case of HERO, the long side experiences a "+5%-ish predictable price stability" .. while the other gets the volatility.
It's up to everyone to decide which side to be on - if at all.
Maybe you're right on the cash cow analogy but the thing is, it's hard not to sell it that way with the system they have set up. It will also attract lots of investors if done correctly. I don't mind this money beeing poored in BTS. More MC, more funds to spend on evolving the platform !
This appreciation is paid by the investors creating the HERO token by shorting it into existence. The ROI on their investment would be so ridiculously high that the 5% on HERO value would be insignificant. But you are right, it's not free money, it comes from traders.
With all the pledged millions they already have, I would be inclined to think the BTS price should logically rise with this kind of buy pressure.
With all that said, these are only my observations and in anyway an investment advice
provided that the token was ever available for purchase at the feed price, which is not guaranteed.
nice....rs and upvote for you
Thanks, really apreciated !
u r welcome...thanks for the upvote... :)
Such great projects coming up from an amazing crew at Bitshares... Looking forward to see the results of their new endeavour! thanks for sharing. Namaste :)
Namaste =]
Just started watching and I'm already pumped!
No spoiler but wait to see what the 1 billion $ price is about ... then you'll be pumped !
I am 10 minutes into the video and it's good to know steem is using the same technology.
Steem and Peerplays also. Peerplays is released today !!!
Not today :(
Vat??
Next week, a little delay.
Great listening to this product. I don't understand it yet but will be following.
You may have some basic notion of blockchain and economics to get it. But it's really not that complicated.
so many coins, so little capital
10k$ in steem is not that "little" bro ! You are on the good path !
Cheers ;)
Yeap, earned every single one with hours and hours on making posts, graphics and commenting. Still, I am not powering down just to get into icos
Wow that's Awesome @kyriacos
Steem On.
I like your keep it simple approach.
Too many if you ask me. New people to Crypto get confused and lost in this flood of coins. Even if they have money they don't know which coin to buy. Steem power is perfect for me. It protect me from stupid decisions.
Exactly how I feel. I can SEE what Steemit is doing and that helps me mentally find value in the coin behind the site.
Indeed. if you think about it, a pretty safe investment.
EOS is the new maglev train of the Crypto planet. :)
I can't agree more but shhhhhh ....
I don't want everybody to be aware of that, I want to be able to buy as much as I can !!!
Haha, everyone is keeping quiet about EOS :)
Not quiet enough, the telegram group is 1300 freaking members :'(
I got into when there were 100. And there's not even a whitepaper yet.
So do I
First of all thank you so much for sharing, I was exactly looking for this!
Secondly: I see little volume on http://cryptofresh.com/a/HERO
The first 24 hours after a presentation/call to action are critical...
Because the market has been created some time ago. They tested it to be sure it's properly working. Now they are going to start the phase where actual big whales create HERO by locking BTS in collateral in the blockchain and commercialise them.
Long time not see you post
Almost 4 days ...
Maybe i not saw your post, because so many post on steemit, i am sorry.
No prob Alol, it's a good thing that steemit is busy ! We are getting to the moon !
The moon is a harsh mistress :D