Bitshares, Ethereum and Mastercoin Three-way Panel Discussion

[CLains]

I couldn't find any thread concerning this epic discussion. What do you guys think about the Bitcoin 2.0 race? They all seem to transition away from proof of work as the main means of security.

Other than that I try to invest a little bit in all of these guys, including NXT, eMunie, Counterparty, etc. hoping one of them becomes perhaps as Bitcoin is now. With the corroding trust in centralized exchange, perhaps 2014 is the time for these technologies? What do you guys think?

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[indiemax]

Unfortunately with the confidence in Bitcoin down and not sorted for any recovery yet, the chance of any of these being profitable is small.
Until or if, mainstream adaption of Bitcoin takes place there will be no market of any value for these.
Great ideas but without mainstream backing/input, great ideas is all they will be.
Careful with your so called IPO, donation money, as any US based entity could be taken out by the SEC for a multitude of legal breaches very easily
The holders of some of the funds are very much at risk because they are managing them with real ID's
Wouldn't take many complaints for failure to deliver the product from disgruntled donators/investors



I'm sure most guys putting money in are not expecting absolutely nothing in return but that may well be the case

caveat emptor and all that 

[CLains]

The legal obstacle some of these companies faces is significant. But the potential for growth is there despite even regulations, as was demonstrated by the rise of BitTorrent. If one can securely store and exchange value on the net practically for free, and perhaps even with Bitshares X store value in a crypto-asset pegged to the value of the dollar or gold, then I can see it rising in spite of prohibitions. It might slow down the process as individuals will stay cautions, but nevertheless.

I think the "confidence in Bitcoin" is part of the rather insubstantial emotional swings of the market. If you look at the long time charts we are uncannily close to right where we should be at this point. Perhaps I'm just religiously bullish but I see bitcoin being right on track to 1000 dollars by August.