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RE: Bitshares. The Window of Opportunity Is Closing.
Can you please explain what you mean with fee issue? I'm unsure what you mean.
Development and marketing is gaining momentum right now, so I think BitShares is on the right track from that point of view
- BitShares UI worker was very successful in removing bugs from the web wallet, and it will continue now with a new, already active worker with UX components to polish the UI
- a worker on the way for BitShares core development
- an already active worker for sort out legal issues (BTS is NOT a security)
- an already active worker for marketing / promotion in China
An english targeting marketing / promotion worker would be awesome!
Bitshares fees are low, but they are charged for every transaction.. even canceling a transaction assesses a fee.
The fees are required to keep the network running. On top of EOS, an app will only require stake to keep the network running.
As a result, straight up, a competing app on EOS could eliminate fees in an effort to compete with Bitshares as a DEX.
I don't disparage any efforts by developers on Bitshares, because I realize they are contributing to the ecosystem.
I only question whether it will be enough to rely on those who volunteer to help.
Inflation in the blockchain, that is ear-marked for coordinated development and marketing will better ensure the future of Bitshares.
The fees are very low, especially with LTM. I don't think that any user would be angered by them. The comittee would have the power to basically disable them, but why?
The fees are actually the economic model of the DEX. Do you have an idea of how the DEX would finance itself on EOS?
One option: it is run by a central authority (like BitFinex) that is pumping money in it until market share is established, then introducing some kind of economic model. The central autority either then stays or leaves the exchange to itself. Probably works, but is it then a decentralized exchange? Not. Future of it? Questionable.
The people doing the workers are more than volunteers, some of them are fulltime engaged with BitShares. I dont think that Inflation is not possible without a real hardfork.
Additionally, there are other problems that might occur in EOS, see https://www.reddit.com/r/BitShares/comments/7w5yfa/noob_question_about_holding/
I do also like EOS and look forward to its live product. I am also curios what the model of EOSfinex will be! If you ask me it all comes down to marketing and an intuitive exchange, sadly not the underlying technology (see VHS vs. Video 2000, Blu ray vs HD DVD and so on).
Especially because the fees are so low, bitshares shouldn't tell you about it every transaction you make / cancel.
I still rather trade in bittrex because it just feels easier to use (not caring about liquidity).
I'm happy the UI got improved last time I used it, but there should be tools to make trading easier.
Like tooltips with values you're used to. It's such a hassle having to calculate every price you see and check if its different from other market values