Need an integrated wallet which uses only BitBTC along with BTC.
Hedging btc by using bitBTC and the 5% yield is not going to be particularly important when it swings that much daily it seems. So what are your thoughts on the value here ?
Its a stealth attack. We want to put it into the heads that BitBTC is interchangeable with BTC, and with the advantages it provides (speed, yield, anonymity) might capture a part of the BTC use.
BTS came in a direct competitor, made the Bitcoin community angry and defensive. BitUSD aims for a slightly different userbase, and also has a higher barrier to entry as a lot of infrastructure is needed in place. BitBTC, on the other hand can be marketed as something which makes using BTC easier, and the target would be a community who are not that finicky about user experience and would be willing to meet half way.
The value proposition for bitUSD seems far greater than the value proposition for bitBTC. bitBTC is more like a toy people can hedge with to be frank.
I do agree about needing to making bridges with BTC. I used Proof of Waste in some of the original wiki writings. I removed it because it was too divisive at the time. (IIRC) I am not sure it is a good idea to use it all the time either. How I expect people to respond is not how most people are. They just push back psychologically. So.. we definitely need to not draw a line between the 2 projects.
It doesn't matter which is the greater value proposition(BTC or USD), all options would be available. Of course more people use USD than BTC, but more people currently use crypto BTC than crypto USD, and nobody has a decentralized way to hedge BTC.
This wallet would specifically target bitcoin users. Its not the only bitshares wallet, and certainly not the primary bitshares wallet. Its a bitcoin wallet that you can hedge in anyway you like, or if you're die hard bitcoin, you can at the very least capture 5% on your hodl.
the appeal is similar to inputs.io and coinlenders, if you remember them. where you could earn close to 30% interest on your bitcoins if you locked them in a CD or less just by holding them in their wallet, only they were centralized and obviously vulnerable to attack as they lost everything. This wallet would offer far more diverse hedging options in a decentralized user controlled way.
There's already a large group of people who already use bitcoin, it would not be a hard sell. You wouldn't have to explain anything. If its popular, now you have a grass roots army of bitcoin(powered by bitshares) evangelists.
Bottom line, if its not too difficult to make a simple lightweight client like this. Why wouldn't you? It seems to me, an easy way to leverage the existing bitcoin userbase. And at the time when bitshares is accepted everywhere, this wallet would still work and you could use bitUSD or whatever you like for all your purchases etc. (advanced setting | 'Change Focus=>bitUSD' |)