Agreed! The Bitcoin need a solution to its scalability problem and while it doesn't resolve it, the Bitcoin's market share will continue to decrease. I believe that this SW, BU (hard fork) deadlock will prevent price increase. I understand that Bitcoin has no future without scalability solution and I don't see any solution any time soon. Bitcoin's market share has been droping and I think it will coutinue to drop since people are seeing other coin as alternatives.
That said, I still believe Bitcoin value will get to $1500 this year.

Hi,

I've came across this indexed asset and it really interested me. It gives strong weight to the altcoins and i believe that with time, the altcoins becoming more relevant, the Index could be a good measure of the crytomarket in general. But for me the problem is that as I write this message, the real value of the index is around 1100000BTS but the lowest price to buy is around 1500000BTS.
I don't understand why you allow such discrepancy between the real value of your product and the market value. I understand you idea of premium and how in the long run it may be worth it. I believe you shouln't allow so much premium, since it is only speculative. It runs in the belief that the coins will become more valuable.

Finally, it is really strange that you want people to pay more than the intrinsic value, 1.4 times more. I seems that this practice only benefit the current holders of the asset while penalising the buyers. Another evidence is that the forced settlement would not allow the same phenomena to occur the oder way around, the holders having to sell it at a loss.

Therefore, I don't believe bit20 is worth buying it is criminaly overvalued, but I will try to replicate your idea of the Index. If you have a reason for this premium and how it helps your product, I would like to hear.

Thanks for your contribution