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.