RE: Bitshares. The Window of Opportunity Is Closing.

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Bitshares. The Window of Opportunity Is Closing.

in bitshares •  7 years ago 

"Bitshares has a problem, though. Adoption.
Adoption has stagnated. With low usage comes poor liquidity, lack of price parity with outside exchanges, and virtually unusable trading pairs." In my opinion both steemit and bitshares are going to see mass adoption when something in the market changes. See how many people from vine came to youtube and got really famous, even though they didn't make that much money if any on vine. For example if medium.com were to close down and its audience moved to steemit, then steemit adoption would increase. There just needs to be a catalyst event like I mentioned that would offload a bunch of existing users of a centralized exchange to bitshares. For example when binance was down recently some people thought they got hacked. Imagine they did get hacked and people started distrusting centralized exchanges then it would increase adoption of bitshares. Two things that you as an individual can do to increase adoption is to help make the wallet UI easier to use and also to come up with ways to help people get fiat into some form of crypto or even into bitshares without having to make use of a centralized exchange.

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The point is, bitshares WOULD be a UNIQUE place to move if something catastrophic happened. That may not always be the case. With EOS coming on the scene, building a DEX that performs similar to Bitshares will not be a difficult task.

If Bitshares does not have the infrastructure formed to coordinate, fund, and execute enhancements, it could easily be displaced.

I just posted an article about a enhancement that could give Bitshares another edge right NOW:

https://steemit.com/bitshares/@songminer/bitshares-arbitrage-let-s-switch-the-tables