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Offline mf-tzo

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When are we going to change things?
« on: April 24, 2015, 08:00:43 AM »

I understand that finally there are some discussions to change some things in bitshares in regards to short bitassets rules etc... When do we estimate these things to change? I mainly ask because I want to convert some usd to bitusd but as things are now, if I do that I will take a haircut of c10% on my usd which of course isn't the best investment option..

I showed bitshares and bitassets to some new people who are very interested to invest and when they realize that they will lose c10% on their fiat value (usd ==> btcbitfinex==>metaexchange==>bitusd) instantly they laugh..Please change things as soon as possible (not after +1 month) or we will lose new investors and once you lose your audience there is no coming back...

Offline lil_jay890

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Re: When are we going to change things?
« Reply #1 on: April 24, 2015, 11:24:22 AM »
You have been around here for a long time, and I'm sure you know gateways have been a big issue.  This isn't something that the Devs can just go in and "fix".  It requires someone willing to take the risk of being a money transmitter.  You could even become that person and provide a cheaper option for your friends to aquire bitUsd.

Offline mf-tzo

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Re: When are we going to change things?
« Reply #2 on: April 24, 2015, 12:02:42 PM »
You have been around here for a long time, and I'm sure you know gateways have been a big issue.  This isn't something that the Devs can just go in and "fix".  It requires someone willing to take the risk of being a money transmitter.  You could even become that person and provide a cheaper option for your friends to aquire bitUsd.

I am aware of that...But I think that the c10% difference between usd and bitusd is mostly due to the current 10% that the shorts are paying away from the peg in order to cover and the current rules that have drown away people from shorting, the lack of liquidity etc etc.. So I am asking and hopping that this will be resolved once the new proposals discussed  https://bitsharestalk.org/index.php/topic,15775.0.html will be implemented. If nothing change and we remain at the current system then why would anyone be interested in bitassets?

You guys know that I am from Greece and many people are worried here with the whole situation. Now there is a great opportunity for huge bitasset demand and this opportunity should not be wasted. But if people lose 10% on their fiat currency instantly believe me they prefer to keep their money under their matresses like the good old days...That's all I am saying..Not complaining..Just saying...

Offline infovortice2013

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Re: When are we going to change things?
« Reply #3 on: April 24, 2015, 01:38:40 PM »
10% instantly and later if you want to download to your bank account, state problably takes 25% like taxes concept.
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Offline Ander

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Re: When are we going to change things?
« Reply #4 on: April 24, 2015, 05:18:03 PM »
When bitUSD is at a big premium, dont buy bitUSD.  Buy BTS and convert bitUSD into BTS.
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Offline mf-tzo

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Re: When are we going to change things?
« Reply #5 on: April 24, 2015, 07:23:33 PM »
When bitUSD is at a big premium, dont buy bitUSD.  Buy BTS and convert bitUSD into BTS.

The thing is that now there is a serious need in my country to protect our euro fiat position and our life savings and not have more exposure in a volatile coin like BTC or BTS. I am all in BTS loooooonngggg time ago.. Now is the opportunity for Bitshares to thrive and we seem not to be ready at all for what is coming and it is a shame...BTC will get all the benefits if something bad happens and not BTS..
I know the devs are doing their best...It would be nice if things move faster now...






Offline kenCode

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Re: When are we going to change things?
« Reply #6 on: April 26, 2015, 12:18:54 PM »
10% instantly and later if you want to download to your bank account, state problably takes 25% like taxes concept.

good point.
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