Topic: I've compared Syscoin, Bitbay & Particl - Decentralized Markets Comparison Table (Read 4078 times)

Been saying this for years. 

Good to see others taking notice

I have spent a few days finding out about decentralized stores and markets as I see that been huge once Bitcoin hits the mainstream. I know of 3 and invested 5BTC into each.  I first invested in Bay last year and recently bought into Syscoin & Particl. Interest got the better of me about what and how they work so spent some on each of these coins slack groups. All 3 groups were helpful in answering my questions . I spend hours on their websites, reading the whitepapers and forums looking at what each offer and have created and this is the graph have created.  

I did try and be as fair as possible to all 3 and apologize if I don’t have all the tech they have developed but did give them the opportunity to tell me on all 3 slack groups and if the information isn't available on the websites how are investors suppose to know?
Upon reflection of the table I can say I see a huge gap for growth with Bitbay. It has the most features and the cheapest by a long way and has better distribution. I’m aware their marketing budget was stolen at the start so this could be the reason why its under the radar but  I think I have found a highly undervalued coin. Im very interested in all 3 projects and looking forward to Particl’s  first release, Syscoin’s mainnet release and Bitbay’s rolling peg implementation . From my understanding it will be a big competitor to Tether, but with daily gains of 1% to 3% depending on wallet owners voting.

Not sure if the image will publish but if it is then it worked! lol

I have spent a few days finding out about decentralized stores and markets as I see that been huge once Bitcoin hits the mainstream. I know of 3 and invested 5BTC into each.  I first invested in Bay last year and recently bought into Syscoin & Particl. Interest got the better of me about what and how they work so spent some on each of these coins slack groups. All 3 groups were helpful in answering my questions . I spend hours on their websites, reading the whitepapers and forums looking at what each offer and have created and this is the graph have created.  

I did try and be as fair as possible to all 3 and apologize if I don’t have all the tech they have developed but did give them the opportunity to tell me on all 3 slack groups and if the information isn't available on the websites how are investors suppose to know?
Upon reflection of the table I can say I see a huge gap for growth with Bitbay. It has the most features and the cheapest by a long way and has better distribution. I’m aware their marketing budget was stolen at the start so this could be the reason why its under the radar but  I think I have found a highly undervalued coin. Im very interested in all 3 projects and looking forward to Particl’s  first release, Syscoin’s mainnet release and Bitbay’s rolling peg implementation . From my understanding it will be a big competitor to Tether, but with daily gains of 1% to 3% depending on wallet owners voting.

Not sure if the image will publish but if it is then it worked! lol

Hello,

  It looks like Bitbay is getting more attention that has been long overdue.  Posts like this is one of the reasons as to why more people have taken notice.

Thanks
RQDxRocket

It is especially not useful in that. Please do not do that for it is misinformation. We will coordinate a proper one talking to munti and david near xmas.

OP thank you for making this image!  Awesome work, will become very useful when explaining the differences between the BAY platform and the various other decentralized marketplaces in the future.

OP thank you for making this image!  Awesome work, will become very useful when explaining the differences between the BAY platform and the various other decentralized marketplaces in the future.

Hey Sid - its really nice to see the way Sys and Bay are working hand in hand for the mutual success.

Just a random thought, as you keep repeating that both the project's targeted audience are different and you both are not direct competitors, have you guys ever thought going for one single marketplace instead of two separate place. In this way you guys can do a better marketing and assuming you have giants like Amazon, E-Bay, Alibaba I feel a combined effort by both of team will have better benefit for both the community.

The other idea of yours is good. Xmas is good because we may be ready with a beta for web interface. Itd be good if you guys have somr web version ready too for a better approach to compare. I honestly think they are so vastly different and fundamentally targetting different target markets that a comparison would probably only make sense in the marketplace context. So perhaps doing a marketplace comparison would.be interesting because they are different technologies to serve the same purpose

Good to see Bitbay and Sys will be on Blocknet decentralised exchange! I think that will see huge volume for both.