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RE: The Million-to-Billion Club

in #hero7 years ago (edited)

Combining these metrics, BitShares is eight orders of magnitude more cost effective than Bitcoin.

I'm thinking this all sounds great but didn't bitcoin get its value from:

  1. Being the first cryptocurrency
  2. Silk Road
  3. income through Mining
  4. devaluation of the yuan by the Chinese government.

When bitcoin was regarded as stable enough it was picked up by the Chinese and now it is regarded as a digital gold. I mean gold is a hedge against inflation right?

First I thought BTS are shares so stock! Now @stan you talked about it being a currency, ok sounds nice. But (look another one!) if you look at Steemit, @aggroed posted a distribution of the (whales) wealth on Steemit regarding HF19 a while ago.
Outcome: not the 1% no the 0,1% of whales owned the most wealth.
Since Steemit is based on Bitshares but made so to kindle long term growth, how can you expect the same thing doesn't happen?

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