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RE: When the Levee Breaks...

in #bitshares7 years ago

That might be true but the challenge you are facing is that everything you talked about here and in all the videos of yours I watched, Wall Street cares about none of that. Hash rate, block size, transmission speed, atomic swaps, none of that matters. There isnt a Wall Street hedge fund manager or broker who is going to even mention them. None of that gets a 7 or 8 figure check out of people.

This is the same debate I had with the bitcoin cash people and why I felt that would never fly. To start, they didnt solve the transmission problem hence the utility aspect isnt there. Secondly, no Wall Street money raiser is going to explain the difference between bitcoin and bitcoin cash. It isnt happening. The easiest path to the check is bitcoin.

Wall Street cares about 3 things:

  1. ROI
  2. Liquidity
  3. How easy is it to sell to the guy with the check.

BTC and ETH hit on all three. There is expected to be over a trillion dollars entering this market next year....do you think the guys doing the buying really have a clue (or even care) about the technical aspects you mention? They do not.

And I saying this expecting STEEM to be $100 by the end of 2019 and BTS over $30.

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Not necessarily...i respectfully disagree...when this market becomes more developted, and more regulated, investors on wall street and avergage well informed middle and upper class investors using their TDAmeritrade and Fidelity accounts will be looking for companies that are well established, that have good business models, that are generating income and have user cases (Bitspark and other companies using the Bitshares blockchain) and that have solid growth patterns and forward earnings. This is when the dust settles and the weak coins and companies will start to fall off. Just my 2 cents