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Offline matt608

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Crazy idea, mass merchant adoption
« on: October 21, 2014, 03:56:19 PM »

What if bitshares grew big enough to buy bitpay?  Or another payment service?  Who would we want to buy to get mass merchant adoption of bitUSD/other bitasset?  With bitUSD being stable bitpay may actually be a poor choice (not sure) as part of their services would be useless, but what what about payment processors and the like.  If we will have the power to vote in additional shares to fund growth, a key area should be merchant adoption.  Maybe there are large payment processors who we can make deals with to aquire merchant adoption in big swoops.  Of course market cap has to grow considerably before this can be funded, I'm just thinking 6+ months down the line.  Maybe there are ways to piggy back on bitcoins merchant adoption without having to do the whole thing from scratch.  Will we need a small "in house"/"in DAC" (as oppose to external, bitpay) team dedicated to merchant adoption?

Edit:  This is just coming from my realization that if stakeholders can vote to allow delgates extra pay (dilution) then there's no reason bitshares can't buy out 'real world' companies is there? (other than needing to be big enough).
« Last Edit: October 21, 2014, 04:12:26 PM by matt608 »

Offline xeroc

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Re: Crazy idea, mass merchant adoption
« Reply #1 on: October 21, 2014, 05:08:50 PM »
BitShares is a DAC .. it CAN'T buy a company ..

I3 or DSL might be able to "buy" them .. not sure if they would ever want to
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Offline luckybit

Re: Crazy idea, mass merchant adoption
« Reply #2 on: October 21, 2014, 05:22:48 PM »
BitShares is a DAC .. it CAN'T buy a company ..

I3 or DSL might be able to "buy" them .. not sure if they would ever want to

Actually it can buy a company. The delegates can form a holding company, then use that to buy shares in BitPay.

Tell me why not? Then they could try to find a way to give perks / discounts to shareholders of Bitshares X.
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Offline donkeypong

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Re: Crazy idea, mass merchant adoption
« Reply #3 on: October 21, 2014, 05:36:36 PM »
I definitely think a DAC could own another entity. But far more likely, I would see BitPay evolving to accommodate BitUSD. Maybe a rich delegate or Friend of BitShares could buy it. But why bother? Either the BitPays of the world integrate with BitUSD or else they'll soon be very small businesses indeed. Either way, there will be someone there providing that service. Eventually,  that might be a function of BitShares rather than a third party.

 

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