Yes. When they get locked in, It decreases market volatility, and allows mom and pop to dip their feet in! The interesting question with bitGold and the other smart coins is this: What is the market price, and how do we discover it? If you talk to anyone with knowledge of the precious metals, they will tell you that the metals are manipulated by the biggest banks in the world. Price discovery from the standard markets cannot be trusted. We've been talking for some years now about the two prices for gold (physical vs hypothetical) diverging once the manipulation grows past sustainability. Back in 2008/9 and 2011 we saw ebay take up the role of price discoverer. People were willing to pay MULTIPLES over the spot price in order to get coins in hand. I can see Bitshares becoming the place to go for real pricing for gold, even over the COMEX, etc. In that case? What does Bitgold peg itself to? ITSELF! It becomes a floating free market... and once these smart contracts are plentiful, bitshares gets ROCK SOLID. It will dominate, and there will be many tears of regret... imagine chasing Etherium at $300 when Bitshares is at 18 cents.
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Chasing ETH seems to be relatively pointless at this stage (especially relative to BTS), as the price appears to be suffering under the endless wave of ICOs of questionable value.
ICOs with interesting coins are moving from ETH to the BTS blockchain, such as Crypviser did.
Crypviser, is the ICO that led me to discover bit shares.
Etherium without the hassle/risk/spam?
Im in. 😂
I guess johnsmith is right. Its all about security and transaction speed and Bitshares dominates these areas.
About ICOs: Expectations are much higher than the product/solution and their real market value. At some point people will realize it.
Haha! I cant wait. Ready for the trip to the moon!
Ready for liftoff? It's happening now. :)