What is surprising is given the performance of Steem and Bitshares after their respective launches, people aren't learning their lessons. Or maybe they all are willing to hold out for the same periods. Can't say.
Are you saying the performances of Steem and Bitshares were poor? How so? Their market caps seem to be doing well. Dan claims that the combined traffic/transactions of Steem and Bitshares surpasses Bitcoin and Ethereum.
What I'm really curious about is the ability to do parallel processing and processing millions of transactions per second. Parallel processing on a single computer is difficult to do, even for Microsoft, which has thousands of programmers. I would imagine that this would be an order of magnitude more difficult to do on distributed nodes. This has never been done before. It's not like emulating how UNIX did parallel processing into Windows. I don't know how a small team can pull this off. And there is no good explanation of how they can do this on the white paper. Am I missing something here?
They were poor from the moment they launched, take a look at Steem anyway and see that it has needed centralised intervention to manipulate its prices - the internal mechanism for one, and then hard forks which happen when the owners deem fit. Yes, it is performing well now but it is just reliant on actual pumps. And market caps of course... txs of Steem are happening just by using it. But how much is this is actually used to buy and sell like BTC? Coins that have much more practical use have far less the tx rates of Steem but that's just because of how Steem is used, paid out, exchanged.
