BitShares Forum
Main => General Discussion => Topic started by: etherbroker on April 03, 2014, 07:07:39 am
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Does anybody know what bitUSD will trade for against USD?
Are the bitUSD more valuable, because they earn interest?
Does bitUSD have negative tax implications?
Any guesses? I mostly want to know because I am trying to see if I have discovered a solution to compel organic (and unstoppable) ADOPTION + GROWTH.
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BitUSD should trade within +/- 5% of USD if I had to guess.
Initial version will not pay interest.
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Looking into the future, assuming BitUSD is paying interest as originally planned,
There is reason to assume it will be more valuable than dollars
I think that is understood.
If that was consistent a decentralized gateway could serve the community by providing fiat for bitAssets, and also capturing a gain (if this is true this gain COULD be used creatively, at least more creatively than OLD WORLD model of pocketing it).
Could a gateway pull something like that off though? Theoretically? Efficiently buy bitAssets at their nominal price and make a profit?
Just looking for gaping holes in this theory.
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Looking into the future, assuming BitUSD is paying interest as originally planned,
There is reason to assume it will be more valuable than dollars
I think that is understood.
If that was consistent a decentralized gateway could serve the community by providing fiat for bitAssets, and also capturing a gain (if this is true this gain COULD be used creatively, at least more creatively than OLD WORLD model of pocketing it).
Could a gateway pull something like that off though? Theoretically? Efficiently buy bitAssets at their nominal price and make a profit?
Just looking for gaping holes in this theory.
Look at it like this: if I can make a profit exchanging bitassets for realassets at the nominal price, that will pull the values of the two closer together. If I can do it, so can anybody else, and competition will drive the difference between the prices to 0.
Sent from my SCH-S720C using Tapatalk 2
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Looking into the future, assuming BitUSD is paying interest as originally planned,
There is reason to assume it will be more valuable than dollars
I think that is understood.
If that was consistent a decentralized gateway could serve the community by providing fiat for bitAssets, and also capturing a gain (if this is true this gain COULD be used creatively, at least more creatively than OLD WORLD model of pocketing it).
Could a gateway pull something like that off though? Theoretically? Efficiently buy bitAssets at their nominal price and make a profit?
Just looking for gaping holes in this theory.
Look at it like this: if I can make a profit exchanging bitassets for realassets at the nominal price, that will pull the values of the two closer together. If I can do it, so can anybody else, and competition will drive the difference between the prices to 0.
Sent from my SCH-S720C using Tapatalk 2
No, not 0. A gateway would have to be centralized and regulated which means there will likely be a pretty high fee.
I could be wrong but that is what I would expect due to the high costs of setting a gateway up.