What is needed to bring Stock derivatives online?
If I understand it correct the Committee could bring in a lot of MPAs that reflect the price of real Stocks, ETFs etc?
What is holding us back in creating those assets?
I would love to diversify my portfolio by mixing it with many more kinds of investments.
We could be the first Exchange to trade really anything.
This would bring us a lot of attention and thus more users and liquidity.
We should bring ever week a couple of new assets.
every week in the news
growing a bit every week
Thoughts?
Unfortunately none of the MPAs/bitassets/smartcoins are serving there purpose due to lack of liquidity, large spreads and no depth.
All efforts should be focused on getting bitUSD and bitCNY functioning with low spreads and market depth.
We are a long way from having stock market indexs as MPAs let alone individual stocks.
@JonnyBitcoin There is no demand for BitUSD or BitCNY because currently Bitshares is just a programmers toy. In order to change this we need EarnBitshares so anyone can earn BitUSD, BitCNY, and only then will it gain some real value.
You currently have no simple ways to earn or spend it. With limited ways to earn or spend it, can we expect any demand for it? Microwork is how you can generate demand for it by marketing it to the people most likely to use it. A microjob (a job which pays in micropayments) is how you market a currency. Currencies are marketed by the jobs which pay in that currency.
https://en.wikipedia.org/wiki/Microworkhttp://humancomputation.org/What seems to be holding Bitshares back is the lack of micro-payment capability. Without that you don't have the possibility of microwork. WIthout microwork, the vast majority of the earth cannot earn BitUSD and it's just going to remain a programmers toy. With microwork, every human can contribute human computation to earn Bitshares and the chicken and egg problem is solved.
I don't think Bitshares is on the path to solve this problem anytime soon so it looks like we should keep our eye on Iota. A collaboration with their team might be the only option.