BitShares Forum

Main => General Discussion => Topic started by: merivercap on February 25, 2015, 01:22:00 am

Title: What businesses will be most likely to adopt bitUSD and bitGold first?
Post by: merivercap on February 25, 2015, 01:22:00 am

I like the idea that bitUSD can help Bitcoin & altcoin miners... it's useful for altcoin traders/investors/speculators... as well as forex traders.. eGold was really popular as a payment system, but I never really used it before... I figure bitGold can be used the same way so it may be good to follow a similar path to adoption... what else?

BTW I think the brand 'bitUSD and bitGold' is huge... really a distinctive advantage...

Title: Re: What businesses will be most likely to adopt bitUSD and bitGold first?
Post by: xeroc on February 25, 2015, 06:50:24 am

for me the biggest thing is that you can own (a percentage) of the system by holding BTS (NOTES or whatever the base asset is) ..

You can actually telly your friends:
- I own a bank
- I own a stock exchange
- I own a forex
- I own a music industry :)
- I own a gambling industry :)
 ....

Title: Re: What businesses will be most likely to adopt bitUSD and bitGold first?
Post by: 38PTSWarrior on February 25, 2015, 07:51:41 am

Fun :-)

Title: Re: What businesses will be most likely to adopt bitUSD and bitGold first?
Post by: karnal on February 25, 2015, 09:32:13 am

How about 'normal' online businesses, and getting paid in bitXXX (possibly not the best abstraction there.. heh) ?

Would this not bring advantages, especially for those on the frontline who are already being paid in crypto? There seems to be good potential there, I'm willing to bet these people would prefer to have stable value on their earnings instead of being subject to btc/altcoin volatility.

Title: Re: What businesses will be most likely to adopt bitUSD and bitGold first?
Post by: merivercap on February 26, 2015, 05:29:41 am

Quote from: karnal on February 25, 2015, 09:32:13 am

How about 'normal' online businesses, and getting paid in bitXXX (possibly not the best abstraction there.. heh) ?

Would this not bring advantages, especially for those on the frontline who are already being paid in crypto? There seems to be good potential there, I'm willing to bet these people would prefer to have stable value on their earnings instead of being subject to btc/altcoin volatility.

Is that a new UIA you plan to create? Might be a money maker... j/k.. anyways yeah I think it can help crypto companies manage salaries..might have been useful for the Bitshares DAC to pay some in bitUSD as well. 

Title: Re: What businesses will be most likely to adopt bitUSD and bitGold first?
Post by: merivercap on February 26, 2015, 05:36:52 am

BTW there is another BitGold & Bitreserves that are also competing for market share.  Those solutions have counterparty risk, but we can probably do a more thorough comparison to help with the marketing message.

Title: Re: What businesses will be most likely to adopt bitUSD and bitGold first?
Post by: Tuck Fheman on February 26, 2015, 08:15:27 am

Quote from: xeroc ¯\_(ツ)_/¯ on February 25, 2015, 06:50:24 am

for me the biggest thing is that you can own (a percentage) of the system by holding BTS (NOTES or whatever the base asset is) ..

You can actually telly your friends:
- I own a bank
- I own a stock exchange
- I own a forex
- I own a music industry :)
- I own a gambling industry :)
 ....

Holy sh@t! I just realized how cool I am, thanks!

(http://i.embed.ly/1/display/resize?key=1e6a1a1efdb011df84894040444cdc60&url=http%3A%2F%2F24.media.tumblr.com%2F0786f2164b1e90fe145115010e41cf04%2Ftumblr_mlv1nuNujD1sp7rjlo1_500.gif&width=490)

Title: Re: What businesses will be most likely to adopt bitUSD and bitGold first?
Post by: karnal on February 26, 2015, 09:08:45 am

Quote from: merivercap on February 26, 2015, 05:29:41 am

Quote from: karnal on February 25, 2015, 09:32:13 am

How about 'normal' online businesses, and getting paid in bitXXX (possibly not the best abstraction there.. heh) ?

Would this not bring advantages, especially for those on the frontline who are already being paid in crypto? There seems to be good potential there, I'm willing to bet these people would prefer to have stable value on their earnings instead of being subject to btc/altcoin volatility.

Is that a new UIA you plan to create? Might be a money maker... j/k.. anyways yeah I think it can help crypto companies manage salaries..might have been useful for the Bitshares DAC to pay some in bitUSD as well.

Just bouncing thoughts.. if there's demand, it could be arranged 8)