EDIT: I AM NO LONGER CONSIDERING RUNNING FOR DELEGATE BUT I WOULD LIKE TO PURSUE THIS PROSPECTUS IDEA SOME OTHER WAY
Some in the community have suggest I offer my services as a delegate, and now I'm excited about it. So here are my ideas for you to mull over while I'm on holiday for a few days!
(There is no delegate name or anything yet - I shall edit it here later)
Identify business use-cases such as gold dealing, couponing, prediction markets, decentralized banking services and produce industry-specific and easy to understand Prospectus' outlining how and why to integrate with BitShares.
I will strive to use these materials to target and close existing businesses and walk them through the set-up, in public on the forums.
These use-cases will then be encorporated into industry specific prospecti.
I envision that 3 use cases for each industry will be sufficient that there will no longer be a need for public walkthroughs.
By that point, the prospectus will contain all necessary information and proven-claims of profit increases and cost reductions due to BitShares integration of competiors in the industry.
noun: prospectus; plural noun: prospectuses
a printed document that advertises or describes a school, commercial enterprise, forthcoming book, etc., in order to attract or inform clients, members, buyers, or investors.
I have previously posted examples of my work:
Can BitShares offer Vaultoro decentralized banking services?
Allow trading of gold bullion stored in insured, audited Swiss vaults against bitcoin.
They do not have any fiat banking services due to the added regulatory burden and the increased fees that would result.
I'm sure they could attract even more customers they could integrate bitFiat and bitGold as they could allow a 3rd asset for their users to hedge against eachother. Vaultoro would be insulated from regulatory burden and could collect fees on any UIA's they issue.
I think BitShares should establish a relationship with them as among other things such a partnership provides bts with a physical gold:bitGold and bitFiat:Physical Gold market to tighten the peg and increases liquidity.
Yet more opportunities to tighten the peg of bitAssets.
Which met with positive response, @Joshua Scigala from vaultoro:
Joshua Scigala here from Vaultoro
Thanks for reaching out. Jeff replied to the support tickets but I wanted to come here to discuss the legalities because technologically it's fine.
The advice that we have received is that tokenizing gold would throw us down a regulatory nightmare because we would then fall under regulations that cover financial instruments.
Has the bitshares community dealt with regulations around UIA's?
Later, after explainations in the post:
Thanks for the warm welcome guys and girls!
@xeroc Thanks for your detailed response.
I will have to run all this past our legal and regulatory specialists but it does look very cool.
@Permie Thanks for the info.
Why I think BitShares will succeed. Do competitors have all our features?
TL;DR - I like BitShares because of the message of freedom, Optional regulatory compliance, Bitcoin exchanges issuing UIA to attract bts users, Development is funded by the blockchain and voted for by the shareholders, At least 101 distributed block producing witnessing nodes, Core development is funded by the blockchain and voted for by the shareholders, Workers are paid by contracts voted for by the shareholders, Delegates are elected officials that act as the human element of the DAC, Blockchain Human Resources, Marketers profit from referrals, All aspects of the DAC are subject to change by a shareholder vote. Hard forks by shareholder vote only, 1 second transaction confirmations, Fast scanning of and reconnection to the network.
Step by step BitShares Sales Pitch. (Pre 2.0)
TL;DR: There is a market niche for a global unbounded organization that efficiently adapts and morphs to the needs of the market and the desires of it's members.
I believe BitShares is that organization.
The upper limit of this organization is bound only by the size of the global economy. The current main use for trading tokens of value are financial derivatives purchased by large institutions and well educated individuals who reside in geographical locations favoured by financially powerful nations who have capital to risk.
A system that can drop the barriers to entry and allow everyone in the world access to the global economy will rapidly expand the total value of the economy.
BitShares will not only rapidly grow to meet the existing market, it will rapidly grow the size of the market itself.
Currently this potential is valued at around $20M.
As the name Permie suggest, I (no)dig Permaculture.
I aim to be self sufficient within 3 years, and to have developed an eco-village of 5-100 dwellings within 10 years. My intention is to then let-out these dwellings free of charge, with food, power and community to artists and free thinkers who have the potential to benefit humanity. In exchange for their pledge to work on their talent/genius without distraction, all material needs will be provided.
Some of the first of these talent people would be BitShares dev's! And because 'my' team will have near-zero expenditure they will be able to offer very competitive contract-terms to the wider bts community.
I am committed to living free and I would like to demonstrate that to you, my fellow members.
I would be interested in retaining my Delegate position after 2.0 to play a role in keeping BitShares on the right path, as deemed by it's principled members.
I view 2.0 delegates as similar to the upper house in current parliaments, but far more accountable.
I would like to provide my principles and commitment as one of many counterbalances to unfavourable changes in BitShares' future.
I cannot offer any guarantees about my eco-community farm but I think it offers valuable insight for the life I intend to lead and how I view the world.
Is this something that members are interested in and do you think a delegate campaign is justified?