Did you know that two letters out of the three in "DAO" have been initially proposed by the creator of BitShares and Steem? Did you also know that BitShares was the first profitable DAO (we call it DAC though) that has ever existed? Did you know that in contrast to "The DAO", that is mostly a VC firm for startups, with BitShares you can own a bank, an exchange and a payment providing?
People are so buzzed and easy to manipulate. It's beyond my understanding that the DAO has "raised" $100M (in fact it just locked away ETH worth $100M at current valuation) .. while BitShares has a total marketcap of <$10M. It's a weird world in which people give their money to those that make the most buzz.
In the current environment crypto funding only drives the price of the asset that is used for funding down (Bitcoin or Bitshares or Ether for example). The reason for this is very simple: The asset is in the hand of a few.
They were holding strong while other dumped. The price became stable or even climbed.
But now, they think, they do something good with their asset and want to buy another asset with it.
What happens next? The payed asset will get dumped by the receiver, because he can't use it directly yet. He only got it in order to use it for his company and the only way to USE it, is to dump it and use the money...
This can only change, if crypto is widely used so that payments in ether, bitcoin or bitshares don't have to be dumped in order to be used for payments.
maybe we must make some buzz too(?)
I am a tech guy and refuse to manipulate people with marketing and buzz. I'd rather help improve the ecosystem by providing service, tools and consultation.
We should merge Steem with Bitshares and Peerplays and create "the DAC"!
I disagree. They all serve different "markets" or audiences. People that
are interested in using BitShares shouldn't be forced to interpret
blocks full of STEEM posts and games.
Some useful features should still be assimilated into BitShares and
Peerplays, but it does make sense to have them on different chains for
scalability reasons.
The Super-DAC was a stupid idea IMHO. We learned it the hard way, but we
learned it finally.
@ xeroc... I was joking about merging Steem , Bitshares and Peerplays to create "THE DAC"..I just wanted to make fun of "THE DAO"...