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Offline btswildpig

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While BitUSD is the killer product that BTS provides , however as a business , BitUSD should not be the only income model because in the end the value in BitUSD will flow out of the system , it's just a matter of time .

Transaction fees , asset reg fees , on the other hand are profitable , but it takes a lot of them to generate decent income . As for delegate reg fee , it's just temporary because the delegates are gonna get more income than what they put int .

So , we need do generate more actual income by increasing the demand of BTS .

Yesterday , Bter got hacked . People are talking about how we can take the advantage to bring exchanges like Bter into the Bitshares Asset Exchange using IOU assets .

It's doable , that's for sure . But it has a little down side , when an exchange like that manages multiple IOUs Assets , you need to manually select each IOU pair it offers , and the IOUs from one group needs to be viewed and selected under all of the IOUs other people offers .

It didn't really bring the kind of user experience in regular exchanges . If I goes to bter , I can easily see what kind of trading pairs this site offers , but if I go to the Bitshares Asset Exchange , I can't . I have to learn all the specific names of the IOU it offers .

I noticed  sub-name of an asset can help identify if an asset is belonged to the same group , but still , that's all messy .

So , I propose a new business model for BTS (related to multiple IOU asset projects like maybe coinbase , DACx ) , just a thought for now .

We create a "asset folder" in the blockchain , projects that deal with multiple IOUs can buy and pay for a "asset folder" , the payment can be one time (1 million , 2 million BTS is not harsh at all ! ) or pay per month (so it can last like  real estate renting ) .

Once project owners buy a "asset folder" , he can define what kind of trading pair can add to the folder , for instance Bter should have "Bter-NXT:BitCNY"  "Bter-BTC:BitCNY"  “Bter-Doge:BitCNY” in the "asset folder" name "Bter.com Exchange" , this folder can also add other pairs that didn't come from Bter itself like "BitUSD:BitCNY"  .

So , this is the basic protocol . In the GUI it will add a tab called "paid exchanges" or whatever . Once you enter that tab , you'll see multiple "asset folder" like BTer.com , BTC38.com , DACx , Coinbase .... whatever .  Once you click "bter.com" , it's just like you're using Bter , with all the dogecoin and NXT and XCP and whatever IOU list in it .

It will be a premium service provide to big organization who wants to bring their business into the Bitshares Exchange and still remain the same visual effect that people can "browse" all the products that this business provide . And Bitshares can gain more income from that .

Thoughts ?
« Last Edit: February 16, 2015, 11:36:59 AM by btswildpig »
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline infovortice2013

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Re: Proposal : New business model and user case for User Issue Assets
« Reply #1 on: February 16, 2015, 11:52:41 AM »
BitShares market is a biggg thing i think is the principal product of BitShares.  +5% , but cant run before walk.
« Last Edit: February 16, 2015, 12:04:51 PM by infovortice2013 »
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Offline BunkerChain Labs

Re: Proposal : New business model and user case for User Issue Assets
« Reply #2 on: February 16, 2015, 01:20:07 PM »
I think I need it explained a bit more.

If I am understanding this right.. you want to build a wrapper into the GUI of bitshares to connect to all the centralized exchanges without any real connection with the BTS network?
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Offline btswildpig

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Re: Proposal : New business model and user case for User Issue Assets
« Reply #3 on: February 16, 2015, 01:59:48 PM »
I think I need it explained a bit more.

If I am understanding this right.. you want to build a wrapper into the GUI of bitshares to connect to all the centralized exchanges without any real connection with the BTS network?

no.
If I'm a business who wants to issue 10 IOUs inside BTS , what will I get now ? Let my 10 IOUs stay on the same place where everybody's IOUs are there .? That's like selling several fancy car on the street , it's nothing like a place to do my big business in .

Business with multiple assets need a place to hold all the asset trading pairs , just like a shop with only goods from the owner .
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline BunkerChain Labs

Re: Proposal : New business model and user case for User Issue Assets
« Reply #4 on: February 16, 2015, 02:12:27 PM »
I think I need it explained a bit more.

If I am understanding this right.. you want to build a wrapper into the GUI of bitshares to connect to all the centralized exchanges without any real connection with the BTS network?

no.
If I'm a business who wants to issue 10 IOUs inside BTS , what will I get now ? Let my 10 IOUs stay on the same place where everybody's IOUs are there .? That's like selling several fancy car on the street , it's nothing like a place to do my big business in .

Business with multiple assets need a place to hold all the asset trading pairs , just like a shop with only goods from the owner .

oK.. getting closer.. so you are suggesting a system of IOU issued from "asset folder" that then compares all the other exchanges pairs?

Sorry.. I think something is getting lost in translation... still don't fully understand how what you are proposing would technically work.
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Offline btswildpig

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Re: Proposal : New business model and user case for User Issue Assets
« Reply #5 on: February 16, 2015, 02:17:23 PM »
I think I need it explained a bit more.

If I am understanding this right.. you want to build a wrapper into the GUI of bitshares to connect to all the centralized exchanges without any real connection with the BTS network?

no.
If I'm a business who wants to issue 10 IOUs inside BTS , what will I get now ? Let my 10 IOUs stay on the same place where everybody's IOUs are there .? That's like selling several fancy car on the street , it's nothing like a place to do my big business in .

Business with multiple assets need a place to hold all the asset trading pairs , just like a shop with only goods from the owner .

oK.. getting closer.. so you are suggesting a system of IOU issued from "asset folder" that then compares all the other exchanges pairs?

Sorry.. I think something is getting lost in translation... still don't fully understand how what you are proposing would technically work.

We have "general discussion" for threads of "general discussion"  , we have "Marketing" for thread of "marketing" .
And yet we just have one "exchange" for all kinds of user issue assets trading pairs to come .
See my point ?
I'm proposing a way to let a business start their own "folder' to store those trading pairs they like so people can go to their "folder" to shop for his user issue assets and not other people's .
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline sudo

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Re: Proposal : New business model and user case for User Issue Assets
« Reply #6 on: February 16, 2015, 03:09:03 PM »
 +5% +5% +5%
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Offline Akado

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Re: Proposal : New business model and user case for User Issue Assets
« Reply #7 on: February 16, 2015, 06:33:22 PM »
I think I need it explained a bit more.

If I am understanding this right.. you want to build a wrapper into the GUI of bitshares to connect to all the centralized exchanges without any real connection with the BTS network?

no.
If I'm a business who wants to issue 10 IOUs inside BTS , what will I get now ? Let my 10 IOUs stay on the same place where everybody's IOUs are there .? That's like selling several fancy car on the street , it's nothing like a place to do my big business in .

Business with multiple assets need a place to hold all the asset trading pairs , just like a shop with only goods from the owner .

oK.. getting closer.. so you are suggesting a system of IOU issued from "asset folder" that then compares all the other exchanges pairs?

Sorry.. I think something is getting lost in translation... still don't fully understand how what you are proposing would technically work.

We have "general discussion" for threads of "general discussion"  , we have "Marketing" for thread of "marketing" .
And yet we just have one "exchange" for all kinds of user issue assets trading pairs to come .
See my point ?
I'm proposing a way to let a business start their own "folder' to store those trading pairs they like so people can go to their "folder" to shop for his user issue assets and not other people's .

oh so bitshares would be like a mall and each folder would be a shop for each individual business?
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Offline Troglodactyl

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Re: Proposal : New business model and user case for User Issue Assets
« Reply #8 on: February 16, 2015, 09:22:08 PM »
I believe UIAs already support the "sub-names" like the account names do, do they not?  So with that pattern it would make sense for gateways to sell shares in their business as a UIA called GATEWAYNAME, and then issue IOUs as USD.GATEWAYNAME, or CNY.GATEWAYNAME, etc.

Since I believe that's already in place, it should just be a matter of making the GUI navigate those trees sensibly.

Offline matt608

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Re: Proposal : New business model and user case for User Issue Assets
« Reply #9 on: February 16, 2015, 09:34:14 PM »
I think I need it explained a bit more.

If I am understanding this right.. you want to build a wrapper into the GUI of bitshares to connect to all the centralized exchanges without any real connection with the BTS network?

I think the idea is about gateways, and organising their IOUs in a more user friendly way.  I really like it, a big list of UIAs will never attract big gateways.  But maybe "sub-names" as @Troglodactyl is the answer? I don't know.  But I get the idea, some types of UIAs, such as those issued by gateways need to be grouped for easy use.  One way would be for gateways to buy a "folder" that contains as many UIAs as they want.

Offline Gentso1

Re: Proposal : New business model and user case for User Issue Assets
« Reply #10 on: February 23, 2015, 01:53:57 PM »
Under this system we get to keep the actual assets within the client as well, so if a exchanged is hacked they aren't holding bitgold, they are holding IOU bitgold-correct?



Offline robrigo

Re: Proposal : New business model and user case for User Issue Assets
« Reply #11 on: February 23, 2015, 02:03:45 PM »
I like the idea, offer a premium feature for business partners to stand out more in the client, increase usability because the exchange is more organized, and generate income for the DAC.

How much should this feature cost? Maybe half the price of a market issued asset? 250000.

 

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