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Offline oldman

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PSA: I'm buying... and you probably should be too
« on: September 06, 2014, 01:51:19 AM »

For any that have not been following this thread: https://bitsharestalk.org/index.php?topic=8396.0;topicseen please be aware that a major breakthrough happened today.

Bytemaster proposed and implemented a mechanism for paying rewards (interest) to bitAsset investors.

This means that bitUSD, bitGLD, bitBTC, bitCNY or any bitAsset will now earn the holder rewards (interest).

Moreover, it is likely the rate will be substantially higher than offered by fiat institutions.

People all over the world can now hold their wealth in stable asset classes and enjoy a ROI that is greater than debt with basically zero counterparty risk.

The importance of this cannot be understated. The Eurozone is now pushing negative interest rates. Most other deposit/money market/cash interest rates are a fraction of a percent.

The world is absolutely rabid for yield, and everything with a decent yield is either obscenely inflated (equities) or comes with enormous counterparty risk (sovereign debt).

If BM is successful and bitUSD5 works there will be a tidal wave of wealth flowing into BTSX that will make BTC look like a Dogeparty.

The usual disclaimers apply - this is a high risk investment, don't invest more than you can lose and you are responsible for your own actions.






Offline GaltReport

Re: PSA: I'm buying... and you probably should be too
« Reply #1 on: September 06, 2014, 03:16:24 AM »
 +5% +5% +5%

Offline Overthetop

Re: PSA: I'm buying... and you probably should be too
« Reply #2 on: September 06, 2014, 03:22:56 AM »
New Era.

 +5%
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Offline Empirical1.1

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Re: PSA: I'm buying... and you probably should be too
« Reply #3 on: September 06, 2014, 04:04:57 AM »
 +5%

Offline jae208

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Re: PSA: I'm buying... and you probably should be too
« Reply #4 on: September 06, 2014, 04:19:56 AM »
For any that have not been following this thread: https://bitsharestalk.org/index.php?topic=8396.0;topicseen please be aware that a major breakthrough happened today.

Bytemaster proposed and implemented a mechanism for paying rewards (interest) to bitAsset investors.

This means that bitUSD, bitGLD, bitBTC, bitCNY or any bitAsset will now earn the holder rewards (interest).

Moreover, it is likely the rate will be substantially higher than offered by fiat institutions.

People all over the world can now hold their wealth in stable asset classes and enjoy a ROI that is greater than debt with basically zero counterparty risk.

The importance of this cannot be understated. The Eurozone is now pushing negative interest rates. Most other deposit/money market/cash interest rates are a fraction of a percent.

The world is absolutely rabid for yield, and everything with a decent yield is either obscenely inflated (equities) or comes with enormous counterparty risk (sovereign debt).

If BM is successful and bitUSD5 works there will be a tidal wave of wealth flowing into BTSX that will make BTC look like a Dogeparty.

The usual disclaimers apply - this is a high risk investment, don't invest more than you can lose and you are responsible for your own actions.

 +5% +5%
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Offline Method-X

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Re: PSA: I'm buying... and you probably should be too
« Reply #5 on: September 06, 2014, 04:43:44 AM »
 +5%

So it's you I've been bidding against on Bter all day! :P

Offline jsidhu

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Re: PSA: I'm buying... and you probably should be too
« Reply #6 on: September 06, 2014, 04:59:46 AM »
It does look like we are budding on a break upwards.
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Offline xeroc

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Re: PSA: I'm buying... and you probably should be too
« Reply #7 on: September 06, 2014, 09:45:27 AM »
Welcome to the spacerocket to beyond the moon .. fasten your seat belts and enjoy the ride! Wooohoooo!
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Offline tonyk

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Re: PSA: I'm buying... and you probably should be too
« Reply #9 on: September 06, 2014, 03:47:49 PM »
+5%

So it's you I've been bidding against on Bter all day! :P

I got several small orders also that got outbid for almost 2.5 hours...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Method-X

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Re: PSA: I'm buying... and you probably should be too
« Reply #10 on: September 06, 2014, 04:28:30 PM »
I want to braindump my current thoughts...

On the one hand, I want to convert the rest of my BTC into BTSX.

On the other hand, I think BTC will rally when an ETF inevitably goes live.

So far I've been dollar cost averaging for the past few weeks.

Decisions, decisions...
« Last Edit: September 06, 2014, 04:30:33 PM by MeTHoDx »

Offline speedy

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Re: PSA: I'm buying... and you probably should be too
« Reply #11 on: September 06, 2014, 04:31:43 PM »
I want to braindump my current thoughts...

On the one hand, I want to convert the rest of my BTC into BTSX.

On the other hand, I think BTC will rally when an ETF inevitably goes live.

So far I've been dollar cost averaging for the past few weeks.

Decisions, decisions...

If BTC does rally, BTSX will rally automatically as well, because they are linked. Go all in!

Offline Akado

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Re: PSA: I'm buying... and you probably should be too
« Reply #12 on: September 06, 2014, 04:42:14 PM »
I still don't understand how we are supposed to earn interest when we have the inactivity fees at the same time. Can we just send our assets to ourselves and problem solved?
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Offline speedy

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Re: PSA: I'm buying... and you probably should be too
« Reply #13 on: September 06, 2014, 04:45:11 PM »
I still don't understand how we are supposed to earn interest when we have the inactivity fees at the same time. Can we just send our assets to ourselves and problem solved?

Or how about inactivity fees get scrapped? Seriously whats the point of them. It makes cold storage a nightmare.

Offline xeroc

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Re: PSA: I'm buying... and you probably should be too
« Reply #14 on: September 06, 2014, 04:51:02 PM »
I still don't understand how we are supposed to earn interest when we have the inactivity fees at the same time. Can we just send our assets to ourselves and problem solved?
*confirmed*

for 'cashing out' the 'interest' (name changed afaik) there will be a different RPC call .. or a new button somewhere in the client ..
I guess the button also automatically moves the funds .. let's see ..
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