Has a sharedrop (on bts) been discussed before?
Not yet to my knowledge.
I think it may be advisable to share-drop on BTS though because it seems to be a method for bootstrapping a competiting BitUSD which is what shareholders feared about VOTE DAC and why many agreed to the BTS merger.
There are many problems we need to resolve as a community:
1) We don't want to compete with ourselves and divide our network effect.
2) We don't want to confuse users with a million brands.
3) We want to have 1 BitUSD for everything rather than many different BitUSDs
5) I don't want to have divided loyalties... I cannot serve two masters.
My Proposal:
1) Drop all other BitShares brands.... rename BitShares X to just BitShares
There will still be other DACs based upon our toolkit (Music, Gaming, DNS, etc) but those clones will not be dividing my loyalty because they have their own teams and are already known and operating independently of us. Those who have joined those DACs can attempt to grow them how they see fit and BitShares will be competing with them where we can.
https://bitsharestalk.org/index.php/topic,10148.0.htmlI'm not sure yet, but it also seems like STEEM may be using dilution to fund an interest rate bonus...
The SBD (which seems to be a USD pegged asset with a possible interest rate bonus on top) is interesting.
Though unlikely, it's possibly similar to a concept I've been pushing to benefit BitUSD,
https://bitsharestalk.org/index.php/topic,21597.0.html which BM hasn't ackowledged in the forum and only a few months ago believed wouldn't work.
That's $365 000 a year of dilution. That could be on $7 500 000 worth of BitUSD.
Even with a lot of yield harvesting that would rapidly make BTS the undisputed Crypto USD market leader.
Providing yield on USD doesn't work because of yield harvesting, people would create USD and sit on it until the rate of return approached 0.
I don't know what the SBD liquidity subsidies are but they could also be the best combo from ideas formulated from the BitUSD liquidity thread,
https://bitsharestalk.org/index.php/topic,21544.195.html So SBD is potentially a competing BitUSD using concepts that could have helped bootstrap BitUSD or a USD on BTS.
So I don't think STEEM will necessarily be popular with BTS shareholders & given that they've intentionally violated a lot of the crypto communities cultural expectations they're unlikely to be popular with them either.
http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/Perhaps the Bitcoin Communities cultural regulations are a blessing in disguise. By intentionally violating every one of their expectations you can minimize your token’s value while still legally mining a token for minimal cost.
We have secured ~80% of the initial STEEM via mining. Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers.
We''ll have to wait to learn more but I think STEEM/SBD could be a BitUSD competitor and we should potentially be looking at options, forking/other to compete with it.