Earn 5% on your BitUSD Now with BitShares X

[Pocket Sand]

I don't think it is a good idea.
BitUsd5 BitUsd6 BitUsd7 BitUsd8 BitUsd9......
Like
Goldcoin10%gold  Goldcoin20%gold  Goldcoin30%gold Goldcoin40%gold......
May be it will cause competition,and out-of-balance.
But have a try is ok.

Another  question:
The Bitusd's  largest number of supply100,000,000,000 USD , is fixed or  Adjustable?

I agree - having multiple different BitUSDs looks messy, and makes the whole thing look like an experiment. Another way to introduce interest would be to have a single BitUSD, but gradually raise its interest from 0% -> 1% -> 5% etc, whilst checking that the peg still holds.

-5%  I think that is a bad idea considering it could screw up the entire peg for actual BitUSD if it does not work out well and hurt the whole system's integrity indefinitely versus implementing a separate asset which will either succeed as theorized or just end up being traded on a very different peg than the actual/idealistic value of BitUSD.

[speedy]

I don't think it is a good idea.
BitUsd5 BitUsd6 BitUsd7 BitUsd8 BitUsd9......
Like
Goldcoin10%gold  Goldcoin20%gold  Goldcoin30%gold Goldcoin40%gold......
May be it will cause competition,and out-of-balance.
But have a try is ok.

Another  question:
The Bitusd's  largest number of supply100,000,000,000 USD , is fixed or  Adjustable?

I agree - having multiple different BitUSDs looks messy, and makes the whole thing look like an experiment. Another way to introduce interest would be to have a single BitUSD, but gradually raise its interest from 0% -> 1% -> 5% etc, whilst checking that the peg still holds.

[luckybit]

I don't think it is a good idea.
BitUsd5 BitUsd6 BitUsd7 BitUsd8 BitUsd9......
Like
Goldcoin10%gold  Goldcoin20%gold  Goldcoin30%gold Goldcoin40%gold......
May be it will cause competition,and out-of-balance.
But have a try is ok.

Another  question:
The Bitusd's  largest number of supply100,000,000,000 USD , is fixed or  Adjustable?

Can there be a way to revoke or retract previously issued assets?

[Riverhead]

do you mean Vitalik Buterin?

good catch .. i read Vikram ..

so?

You heard me.  The v man himself.


Sent from my iPhone using Tapatalk

Interesting.

[ebit]

I don't think it is a good idea.
BitUsd5 BitUsd6 BitUsd7 BitUsd8 BitUsd9......
Like
Goldcoin10%gold  Goldcoin20%gold  Goldcoin30%gold Goldcoin40%gold......
May be it will cause competition,and out-of-balance.
But have a try is ok.

Another  question:
The Bitusd's  largest number of supply100,000,000,000 USD , is fixed or  Adjustable?

[bitcoinerS]

do you mean Vitalik Buterin?

good catch .. i read Vikram ..

so?

You heard me.  The v man himself.


Sent from my iPhone using Tapatalk

Vitalik's name was misspelled in the original post causing confusion.

[bytemaster]

do you mean Vitalik Buterin?

good catch .. i read Vikram ..

so?

You heard me.  The v man himself.


Sent from my iPhone using Tapatalk

[luckybit]

(2) If BitUSD wins 5 % per year BTSX would have to loose 5% per year (if no other factors play a role like feesidends or share appreciation due to growth/speculation). Would the fees be high enough to compensate for the loss? If not I think that would not a be a huge problem. Traders of BTSX can take that into account.

The 5% is payed by the shorts to the longs. There's no change in supply is there?

Someone would have to go long BitUSD? Please explain?

[Riverhead]

(2) If BitUSD wins 5 % per year BTSX would have to loose 5% per year (if no other factors play a role like feesidends or share appreciation due to growth/speculation). Would the fees be high enough to compensate for the loss? If not I think that would not a be a huge problem. Traders of BTSX can take that into account.

The 5% is payed by the shorts to the longs. There's no change in supply is there?

[santaclause102]

(1) Wouldn't this increase the complexity for traders? With no interest (no 5%) traders only have to speculate on whether BitUSD/USD falls/increases against BTSX at any time or within the next xy if they want to finish the trade fast again but timing is necessary to make money on a trade. With an interest through market peg traders have to calculate also at which point in time their guess about the ratio of BTSX and BitUSD will be in place.

(2) If BitUSD wins 5 % per year BTSX would have to loose 5% per year (if no other factors play a role like fees/dividends or share appreciation due to growth/speculation). Would the fees be high enough to compensate for the loss? If not I think that would not a be a huge problem. Traders of BTSX can take that into account.

[xeroc]

do you mean Vitalik Buterin?

good catch .. i read Vikram ..

so?

[liondani]

... that would be a BitAsset where the shorts paid the longs X% interest. 

what about a combination of shorts  + delegates to pay x% interest to the longs?

[liondani]

do you mean Vitalik Buterin?

[Markus]

The question remains is how much market demand is there for such an asset.

Obviously enormous in your opinion...

Yes, the demand should be enormous. The problem will be that there won't be much supply. :)

... did I understand that correctly, that there will be two BitUSDs? One with interest and one without?

[Riverhead]

What incentive would there be to short at 5% interest vs the 0% of bitUSD?