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General Discussion / Re: Potential BitShares Road Map for 2016
« on: March 02, 2016, 12:33:45 am »Bitcoin sidechain means trading real BTC on the DEX. Surely you see the incredible implications of that. Then imagine adding robust BitUSD, BitCNY and BitEUR markets so people can trade their BTC in and out of fiat in a decentralized manner. That's just the beginning.
As for paying yield to those who create BitAssets, @bytemaster mentioned on the last mumble that he likes the idea of paying people to lock up their BTS but that it's much more helpful if they take the next step and provide liquidity. That's why I'm suggesting a small yield paid by the reserve pool for getting people to move funds to the DEX and create BitAssets in the first place, thereby jumpstarting activity on the DEX and making us the world's crypto fiat leader....and then using another small amount of funds from the reserve pool to incentivize a subset of the BitAsset creators to participate in a liquidity pool. The cost is neutral to those creating BitAssets. Actually, considering the great benefits, everyone including those not creating BitAssets should gain due to a rising BTS price. All things considered, it seems like such a no-brainer to try this.
i can def see big value in bringing BTC and other cryptocurrencies directly into our DEX. kinda defeats the purpose of trading bitBTC then, but actual BTC would have more value than the synthetic version.
what is the reserve pool anyway? i've heard it referenced repeatedly, but how much is it, how was it accumulated, and who controls it?