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RE: The Hero from BitShares Island... +5%

in #bitshares8 years ago

This is either going to be amazing or it's going to be an utter disaster. Just be careful with your Ponzi language:

So, the +5% comes mostly from
buying pressure induced appreciation in the growth phase

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I was, but you cut off the second half of the sentence:

"So, the +5% comes mostly from
buying pressure induced appreciation in the growth phase
and increasingly from BitShares network profits approaching full scale."

All investments in legitimate companies start off being about price appreciation and then they transition to earnings as the company matures.

Indeed. But your detractors are going to make hay out of this. You think people thought bitusd was an unsustainable scam? Just wait till they see this crazy asset that is pre-programmed to appreciate.

I'm not accusing myself, of course - I think this is just about the cutest financial experiment I've seen yet.

Yeah. Detractors will make hay out of anything.

I'm a charter member of the Wright Patterson Man Will Never Fly Society too.

I once wrote a toast for a meeting of the Wright Patterson AFB chapter of the Man Will Never Fly Society attended by engineers and aviators from the base:

It's been a plot that's run for years
To prove the myth of flight.
Thousands of people have been employed
Like those of you tonight.
If man were really meant to fly
They'd hire a competent crew.
The proof that man will never fly
Is in the likes of you!

Cheers!