This truly is a great use of the BTS blockchain!
These types of ideas and projects are what will help set BTS apart from others. Helping to gain massive future growth.
Find a "real world" need and use BTS for the creative solution.
If the Chinese people have this much pent up demand for purchasing "American Stocks" and don't have an easy outlet to acquire them...other than trying to purchase through a "black market" or "loan shark" style type system, then this idea could very well explode our blockchain!!!!
If this idea gains enough traction it could feasibly get many big players into the game. Introducing a roll over effect from the real US stock exchange onto our blockchain.
I'll go deeper with my wild thoughts!
So DACx buys this BRK-A stock (or have a verified, well named 3rd party secure it for DACx), they break that one stock into 100,000 UIA shares.
And let's say those 100,000 sell like gang busters, ushering in...let's say 50 new people into the BitShares eco-system. NOW they go buy 2 more BRK-A shares and repeat this same process.... once again phase two sells out just as quickly because phase one was such a BIG hit, it left many people behind who were still eager to get their money into the next BRK-A purchasing phase... and on.. and on...
Not only will this create new users but will also help create Buzz towards BitShares (and of course DACx) in the Chinese community.
So now the word is out, people are trying to get their piece of the action they are literally knocking down DACx doors trying to get in.
So now DACx takes this idea further and expands into other stock options, like Apple, Tesla, etc. Potentially you're now looking at DACx maybe adding $1-2 Million dollars into the BTS system within months (?)!!!
Let's go further down the road, a few months later and ponder this potential scenario...
DACx has just increased BTS value (due to user increase of software downloads, now buying BTS along side the DACx UIA). China media buzz is trending upwards with this new "stock" buying opportunity. News gets over to the west and a writer from the US Today gets wind of it and features an article of this new China investment trend.
The next day George, who reads the US Today on a daily basis to help him find new, upcoming investment trends for his job, reads the US Today article while saying to himself "Damn, I need to show this to the boss!"
After battling grueling morning traffic, George finally gets to work a few hours later, grabs his coffee along with the newspaper and heads over to the bosses office. He walks in and the conversation could possibly go something like this...
George- "Good Morning boss! Man, that traffic was hell today wasn't it LOL."
Boss- "LOL yes it was! I didn't even turn on news radio this morning. Didn't want to stress myself out anymore haha. So whats new!?"
George- "Not to much but I did come across an interesting article this morning in the US Today and I think you'd be very interested in it. It's about this group in China called DACx that are buying up American Stocks and creating a type of hybrid mutual fund, using this thing called a UIA or User Issued Asset. These are allowing the Chinese to purchase small blocks of a particular stock that DACx has acquired from the NY Stock Exchange and selling them to local investors through a program called BitShares. I think I've looked into BitShares once before, but it was so damn confusing and I had to put it aside, I'm now just hearing about it again. But basically BitShares is a decentralized Exchange floating around in the cloud for anyone to use. I'll tell you more what I know about BitShares in a minute, but back to this company DACx. They've taken this BRK-A stock and created 100,000 UIA's to sell to people in China who can't typically afford to purchase one whole stock; let alone buy any American Stocks period! They're doing this to a number of other American company stocks also. It was so successful that they've sold $5 Million dollars worth of UIA's within 6 months and are projected to increase this volume by 200+% by years end.
Listen boss, I know you're always trying to find other investment avenues and I think this is something we really need to look deeper into. It's a very viable option!!"
****
After George had spent some time explaining to the boss his knowledge of BitShares and how it works, the conversation then could take a wild turn...Boss - "George you're right. If something like this is taking off so quickly in China then obviously we need to look into this further. I just can't believe the structure of this whole operation and how simple it really is. Here's an opportunity to not only expand our current holdings, but my god, 10 second transaction times; less than 1% fees to buy or sell any asset; no more brokerage houses that people will need to go through; stocks that can be bought on a global scale at any time 24/7. We really need to get a team together...QUICKLY and figure out how to take advantage of this new tech. Damn George, just think... if we could move our company stocks onto this BitShares blockchain, we could literally double our selling exposure and in-turn double our stock value; and get off this damn "good ole boy" corrupted NY Stock Exchange!!
George- "You see Boss... That's why you make the big bucks!! Always looking three steps forward. I'll start this new project immediately!"
LOL, so... now that you've read my crazy story.
This is why I give DACx a
for taking on this initiative. You just never know what could happen. This could very well be the first step to get the established "real world" companies to start transitioning on over to the blockchain.
If you think about it... who's this potential "
Boss" in this scenario... that you've painfully had to read? (maybe I can get this story crypto-prometheus'fied lol)
Is it Warren Buffet?
Is it Bill Gates?
Is it Tim Cook?
Is it <Insert Name Here>?
Peace!