pegged assets are already hard enough to convince people to hold .
Now private peg assets with the ability to "fail" , and they'll market it as "the good stuff on BitShares" under the enormous financial incentive , and avoid promoting BitUSD .
Once most of the private assets starts to fail , people will only remember : The peg theory of BitShares is bullshit .
By then , even you have BitUSD left , BitUSD will be automatically rejected as well by a lot of users who just suffered from private USD .
Ok, that's the negative views, what about the positive views?
Imaging the head line :
Today , "JoeLe_USD is the next generation payment system "
Tomorrow , "wildpig_USD is the next generation payment system "
The day after tomorrow , "BM_USD is the next generation payment system " .......
Everyone has incentive to promote their USD .
Users : holy cow , what kind of game are you playing ?
What if the Joele_USD become popular is Asia?
Wildpig_USD became the 2nd online currency in Russia.
and BM_USD used by 50% mobile consumers in the US
Because these Assets produced by individually private parties that they promoted and marketed.
and they should peg 1:1 minus fee