Poll

Would you want a percentage of your earnings saved in Bitshares?

Yes I would want 5% of my earnings saved in Bitshares.
20 (60.6%)
I want 100% of my earnings in Bitshares.
8 (24.2%)
No, I'd rather be exclusively paid in fiat and buy Bitshares.
5 (15.2%)

Total Members Voted: 32

Voting closed: March 23, 2015, 05:55:58 AM

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Offline luckybit

As an employee would you want to get paid in Bitshares?
« on: March 23, 2014, 05:54:20 AM »

How many of you would want to accept 5% of your paycheck as Bitshares instead of having it in a fiat savings account?

If enough of you vote yes, Bytemaster and Brian will want to make it happen. So if you want this to happen vote yes.

We can debate how it could be done. Coinvoice integration, Bitpay integration, etc.

The problem with Bitcoin is it's too volatile to act as a good store of value in someone's savings account. Bitshares on the other hand is the perfect store of value.

Additionally this technology could help Invictus pay it's own employees. So if not Coinvoice or Bitpay integration this is an opportunity for Invictus or someone in the community to develop the business themselves and compete with Bitpay and Coinvoice.

https://coinvoice.com/
https://bitpay.com/bitcoin-payroll-api
« Last Edit: March 23, 2014, 05:58:16 AM by luckybit »
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Offline jwiz168

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Re: As an employee would you want to get paid in Bitshares?
« Reply #1 on: March 23, 2014, 06:21:09 AM »
Great idea!!! A salary that earns interest. Way too cool . Im happy be a bitshare investor.  8)

Offline luckybit

Re: As an employee would you want to get paid in Bitshares?
« Reply #2 on: March 23, 2014, 08:09:05 AM »
Great idea!!! A salary that earns interest. Way too cool . Im happy be a bitshare investor.  8)

Help me out. Share your ideas. This project is about building an industry from the ground up, with it's own culture, it's own ethics, it's own kind of regulation, and while we can learn from the mistakes of the traditional approaches there is a lot of room for new ways of thinking and doing.

The problem with Bitcoin, Bitshares or any of this is that if only a few thousand people in the whole world have them then it's never going to be worth much. The community must always be growing, which means new people have to always be learning about, using, and earning Bitshares.

Buying Bitshares is fine for rich people who like to gamble. It's also fine for true believers willing to invest their life savings. It's not going to last though because eventually all of us here will have given all we have to buy Bitshares and then what?

Then you have to get creative about how to build buy pressure because this isn't mined like Bitcoin. You will not have a way to distribute it or raise awareness of it if you make it impossible for people to get.

So you want to set aside some roads to get it. All roads lead to Bitshares. Whether you buy it, work directly for a DAC, work for fiat and ask your employer to be paid in it, there has to be more options other than logging onto Cryptsy and hoping it's found there. If it's too hard for people to get, they'll just buy Bitcoin.


« Last Edit: March 23, 2014, 08:10:55 AM by luckybit »
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Offline jwiz168

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Re: As an employee would you want to get paid in Bitshares?
« Reply #3 on: March 23, 2014, 12:17:17 PM »
Bitshare is a revolutionary commodity that has full of potentials . Until its pending release , it is all but speculations. Anyway let me share my two cents regarding making it more attractive to the people. We must take it to the masses. As I3 introduced it with a 5% interest is not sufficient enough for grabbing attention. After bitshare makes its way to banking sytem , slowly implement it REIT(real estate Investment Trust) type  where 90% of the investors are being paid with dividends . This is even more attractive than banking.

Offline santaclause102

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Re: As an employee would you want to get paid in Bitshares?
« Reply #4 on: March 23, 2014, 01:21:01 PM »
You mean being payed in BitUSD not in XTS?

Offline BldSwtTrs

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Re: As an employee would you want to get paid in Bitshares?
« Reply #5 on: March 23, 2014, 02:33:13 PM »
How Bitshares is the perfect store of value?

With a market cap of several dozen of millions it will be a lot more volatile than Bitcoin.

Offline luckybit

Re: As an employee would you want to get paid in Bitshares?
« Reply #6 on: March 23, 2014, 08:29:29 PM »
How Bitshares is the perfect store of value?

With a market cap of several dozen of millions it will be a lot more volatile than Bitcoin.

Because it's not just an alt coin. This is the problem we have to deal with. A lot of people don't understand what Bitshares is and why it's a great store of value.

Bitshares is not just the BTS. It's BitUSD, it's BitBTC, it's BitGLD, it's a bunch of commodities which you can go long on, or short. You can short BTS or BitBTC. If the price of BTS is volatile you can save your wealth as BitUSD where it's not volatile. If it's going down compared to BTC then you can buy BitBTC in the Bitshares client itself.

Of course if you don't understand any of this stuff this is going to be the problem. Someone is going to need to blog about their trading experiences, we are going to need technical analysis.

For something like Bitcoin technical analysis doesn't work so well but I think for something like Bitshares technical analysis will play far greater role.

The initial market cap and volatility are irrelevant. What matters is what instruments you use in response. If you don't do anything then all the volatility early on is going to effect you because you're not actively using the instruments it provides to protect yourself.

« Last Edit: March 23, 2014, 08:32:32 PM by luckybit »
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Offline Empirical1

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Re: As an employee would you want to get paid in Bitshares?
« Reply #7 on: March 23, 2014, 09:12:56 PM »
I would look at relationships with businesses who already offer financial products to clients, the libertarian Saxo bank CEO and the community trading platform, tradingfloor.com was a suggestion I made in another thread. But any small trading platform might benefit from the publicity of being one of the first to offer BitGold or BitUsd to clients.

Part of the work is being done for Bitshares. The whole western banking system is pretty insolvent, we will probably see more deposit confiscations soon as well as other measures which will drive the future into Bitshares hands anyway.
As long as it works, is user friendly and no competitor with better business relationships is in the picture, it's looking good. (Hmm. Except maybe the fact that Invictus is based in the US, stepping on USD/Comex toes will not be taken lightly there I don't think.)

Offline jwiz168

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Re: As an employee would you want to get paid in Bitshares?
« Reply #8 on: March 23, 2014, 10:23:22 PM »
You mean being payed in BitUSD not in XTS?

If it is more liquid, why not?

Offline BldSwtTrs

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Re: As an employee would you want to get paid in Bitshares?
« Reply #9 on: March 24, 2014, 02:58:36 PM »
How Bitshares is the perfect store of value?

With a market cap of several dozen of millions it will be a lot more volatile than Bitcoin.

Because it's not just an alt coin. This is the problem we have to deal with. A lot of people don't understand what Bitshares is and why it's a great store of value.

Bitshares is not just the BTS. It's BitUSD, it's BitBTC, it's BitGLD, it's a bunch of commodities which you can go long on, or short. You can short BTS or BitBTC. If the price of BTS is volatile you can save your wealth as BitUSD where it's not volatile. If it's going down compared to BTC then you can buy BitBTC in the Bitshares client itself.

Of course if you don't understand any of this stuff this is going to be the problem. Someone is going to need to blog about their trading experiences, we are going to need technical analysis.

For something like Bitcoin technical analysis doesn't work so well but I think for something like Bitshares technical analysis will play far greater role.

The initial market cap and volatility are irrelevant. What matters is what instruments you use in response. If you don't do anything then all the volatility early on is going to effect you because you're not actively using the instruments it provides to protect yourself.
But volatilily is good. Volatility effect only people with short term horizons or people who for some reasons need a stable unit of account.
When you hedge against volatily you are also hedging against winning money. Basically hedging volatility is for pussies (and portfolio manager, but maybe it's the same thing).
Early adopters of Bitshares won't care about volatility because they will be here for big profits.
« Last Edit: March 24, 2014, 03:02:11 PM by BldSwtTrs »

Offline NewMine

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Re: As an employee would you want to get paid in Bitshares?
« Reply #10 on: March 24, 2014, 03:38:25 PM »
I don't think there is enough sky for another pie at the moment.

Let's wait for at least one product release before we stick our head in this cloud.

Offline donkeypong

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Re: As an employee would you want to get paid in Bitshares?
« Reply #11 on: March 24, 2014, 06:05:44 PM »
I'd like to evangelize for Bitshares, but I also think the proper time to do this is once there are some DACs. Right now, it is an investment opportunity that's hard for many to understand. Soon, it will be a way to take back control over one's finances. I'll continue telling people about Bitshares, but ultimately it is the products (the DACs) that will create the value in Bitshares. I will be a gung-ho evangelist when there are products to share.

Offline NewMine

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Re: As an employee would you want to get paid in Bitshares?
« Reply #12 on: March 24, 2014, 07:23:18 PM »
I'd like to evangelize for Bitshares, but I also think the proper time to do this is once there are some DACs. Right now, it is an investment opportunity that's hard for many to understand. Soon, it will be a way to take back control over one's finances. I'll continue telling people about Bitshares, but ultimately it is the products (the DACs) that will create the value in Bitshares. I will be a gung-ho evangelist when there are products to share.

 +5%

clout

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Re: As an employee would you want to get paid in Bitshares?
« Reply #13 on: March 25, 2014, 02:32:19 AM »
Great idea!!! A salary that earns interest. Way too cool . Im happy be a bitshare investor.  8)

Help me out. Share your ideas. This project is about building an industry from the ground up, with it's own culture, it's own ethics, it's own kind of regulation, and while we can learn from the mistakes of the traditional approaches there is a lot of room for new ways of thinking and doing.

The problem with Bitcoin, Bitshares or any of this is that if only a few thousand people in the whole world have them then it's never going to be worth much. The community must always be growing, which means new people have to always be learning about, using, and earning Bitshares.

Buying Bitshares is fine for rich people who like to gamble. It's also fine for true believers willing to invest their life savings. It's not going to last though because eventually all of us here will have given all we have to buy Bitshares and then what?

Then you have to get creative about how to build buy pressure because this isn't mined like Bitcoin. You will not have a way to distribute it or raise awareness of it if you make it impossible for people to get.

So you want to set aside some roads to get it. All roads lead to Bitshares. Whether you buy it, work directly for a DAC, work for fiat and ask your employer to be paid in it, there has to be more options other than logging onto Cryptsy and hoping it's found there. If it's too hard for people to get, they'll just buy Bitcoin.

I would expect the ecosystem that is being built around bitcoin would support and promote Bitshares very readily, since bitshares provides the one thing that critics claim is wrong with bitcoin, which is also the one thing that bitcoin enthusiasts are so concerned about - price stability. This is truly an "if you build it they will come" type of scenario. Not to mention that TaPoS greatly exceeds PoW in its ability to secure and provide consensus to the network. I can not imagine a scenario where this technology does not get picked up.

Offline donkeypong

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Re: As an employee would you want to get paid in Bitshares?
« Reply #14 on: March 25, 2014, 03:12:25 AM »
Great idea!!! A salary that earns interest. Way too cool . Im happy be a bitshare investor.  8)

Help me out. Share your ideas. This project is about building an industry from the ground up, with it's own culture, it's own ethics, it's own kind of regulation, and while we can learn from the mistakes of the traditional approaches there is a lot of room for new ways of thinking and doing.

The problem with Bitcoin, Bitshares or any of this is that if only a few thousand people in the whole world have them then it's never going to be worth much. The community must always be growing, which means new people have to always be learning about, using, and earning Bitshares.

Buying Bitshares is fine for rich people who like to gamble. It's also fine for true believers willing to invest their life savings. It's not going to last though because eventually all of us here will have given all we have to buy Bitshares and then what?

Then you have to get creative about how to build buy pressure because this isn't mined like Bitcoin. You will not have a way to distribute it or raise awareness of it if you make it impossible for people to get.

So you want to set aside some roads to get it. All roads lead to Bitshares. Whether you buy it, work directly for a DAC, work for fiat and ask your employer to be paid in it, there has to be more options other than logging onto Cryptsy and hoping it's found there. If it's too hard for people to get, they'll just buy Bitcoin.

I would expect the ecosystem that is being built around bitcoin would support and promote Bitshares very readily, since bitshares provides the one thing that critics claim is wrong with bitcoin, which is also the one thing that bitcoin enthusiasts are so concerned about - price stability. This is truly an "if you build it they will come" type of scenario. Not to mention that TaPoS greatly exceeds PoW in its ability to secure and provide consensus to the network. I can not imagine a scenario where this technology does not get picked up.

And it has both idealism and profitability, which also should appeal to this community.

 

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