I've found the thread that your post has started really interesting. This is the kind of analysis I would like to see often. But bitshares it is not so difficult to value. At least you can see the amount of fees that are being collected. The difficult thing is that you should value it as a growth-type company. I do not have that skill and I would like to see someone trying to do a discounted cash flows analysis from some knowledgeable person.
RE: Bitshares is MASSIVELY underrated; one gateway(Cryptobridge) is worth 25% of the ENTIRE Bitshares platform