Ok we are now short one on/off ramp, a rather large one, but there are more, and more are in the works as we speak.
That on/off ramp is 50% of our customer base. You have just no idea how badly this will hurt the demand for bit assets and BTS. Our market cap will drop by much more than 2M if BTER goes belly up.
2 million to buy a huge user base. You still think this will be a huge user base after this?
If BTER is put under decentralized dac-based management and cold wallet access moved to delegate controlled multisign, this will be a first in crypto history and I would be very surprised if the user base doesn't actually become bigger.
For marketing and PR we would hit most crypto news sites for sure. But is this the kind of marketing an PR we need?
Yes. 100 times Yes. Bitshares has been a marketing non-event since inception. We direly need to start to exist as something news worthy in the mind of our target customer base. Yes this will cost 20x Brian Page's yearly salary, but this will do 1000x time the effect all at once. It's not even speculation: by owning BTER, you effectively have all the altcoin community as a userbase and they'll keeping hearing about Bitshares every time they login to BTER.
We are sending out an message that a decentralised exchange fully depends on central exchanges to operate.
No, we are sending the message that we are a big player capable of acquiring companies, and have an influence in the real world. Being decentralized doesn't mean being completely cut from the real world. That's autism, not decentralization.
Seriously the reality check is on your end.
We shall see.
Hint: there is a reason why NXT almost considered a rollback last time BTER got hacked and strayed involve until a solution was found.
We have to take our losses and move on, without BTER. Nobody will care if BTER is run by a DAC, except this community.
Right, none of the thousands of altcoiners who have balances in BTER will appreciate to find out that they haven't lost their balance after all, and none of them will be interested to know that the cold wallets are becoming multisign and management is transparent, and none of the news outlet will relay that. We must definitely live in a very different reality.