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:
- Being the first cryptocurrency
- Silk Road
- income through Mining
- 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?