@toknormal: Bitshares get traded as any other altcoin on exchange so your arguement is faulty. It's like saying URO isn't a coin because it's backed up with collateral (Urea)
I don't think it is like that actually. I think it's exactly as I described it. It is very different from a "coin". I'm not saying it's better or worst but I think I understand it better than you appear to.
As far as other altcoins (DRK, NXT etc) their team don't have money that is required for the development and marketing
...and despite that have had a team of some of the most productive developers in the whole of crypto who have turned out successful results which now garner an increasing audience of asset traders and a sustained top-10 marlet cap position.
Think of it as two new business in the market...Who would succeed? One who has only IDEA or one who has idea + money that is required to implement the idea successfully?
It's one of the defining characteristics of crypto that they are "decentralised". That specifically means that they are not a business. You are not investing in a business by investing in Bay. You don't have any stake in a business the way you do if you actually buy stock. You're simply holding addresses on a blockchain and hoping that adoption will do the job of giving them value. As I say above - I'm not discounting that possibility. By all accounts this is a well planned project which has a reasonable chance of success. But be clear about what you are investing in and where you're returns are going to come from because they're not going to come from any "business" revenue if you're simply holding coins.
Usually the "revenue" from these projects isn't revenue at all. What happens is everybody invests, then waits for the developers to announce "imminent big features. Then the currency pumps on the announcement, everybody sells and takes profits, then the valuation is left on the deck once the actual features arrive. At that point it becomes semi investable for someone who actually IS interested in the long term merits of the project because it has a bit of a track record and people can make up their own minds about what it's worth and what potential it has.
Why is Bitcoin still ahead of everyone? It's because they have so much money to market it and get more and more investors..not because it's better but because they have the money to implement the process that'll attract more investors. People know about bitcoin but they don't know about altcoins...why? it's because we're poor and BitBay will change it forever.
Who exactly is "they" ? The "Bitcoin" company ?
Bitcoin has grown organically. It hasn't spend millions on promition, it's just an organic technological phenomenon than an increasing number of people became interested in and around which markets developed.
