The way to guarantee a profit is to hold until the price is above the price you paid.

Which means that you buy a token and watch how its price goes down forever, like OBITS. Thanks, leave your shit tokens to yourself.

Many people shop with credit cards. Banks issue credit to customers and customers use this credit to shop in different stores. Consumer credit boosts sales. With a minor modification, blockchain like bitshares could be used by merchants to issue credit to customers directly, without no middle men.

Every merchant can identify credit worthy customers. Suppose, such a customer wants to buy a smart phone. The merchant can lean the customer into buying a higher end model by offering a postponed payment. Suppose, the phone costs $500. The merchant gives the phone to customer and issues 500 credit tokens (CRED). The customer  gets the phone and -500 CRED on his balance. The merchant gets +500 CRED which he can sell on DEX for 500 USD. At this point the merchant is even: he gave away one phone and received 500 USD. The CRED has value, because it can be used to buy merchandise from the merchant's shop, and many people would prefer to keep their savings in CRED instead of bank saving account. To pay off his debt and to be able to shop again, the customer needs to buy back the CRED on the market. This removes the CRED from circulation and also insures that they have value.

This is a win-win-win situation. A customer who gets a credit is happy, because he doesn't need to pay upfront, and he doesn't need to pay high interest (perhaps, no interest at all). A merchant is also happy, because postponed payments increases sales of higher end merchandise, and he doesn't need to pay fees to VISA, and he fully controls how much credit he issues, interest rates, prices etc. CRED holders are also happy, because they have a highly liquid asset backed by real merchandise, which preserves its value over time as long as the merchant who issued them is doing good.

Please, discuss.

Withdrawal form randomly refreshes while I am trying to withdraw OPEN.BTC and during refresh substitutes the withdrawal address with wrong address, which I used a year ago and which is not valid any more. This is getting annoying. Does anybody else have this problem or is it just me?

This means there is one less hurdle for liquidity in new markets and there is also a natural incentive to create more liquidity- if there is a rising demand for a fiat pegged cryptocurrency then it will be trading higher than its real price so you can make money in creating (locking up BTS collateral) and selling it to the market.

This is not that easy. By issuing bitAssets backed by BTS collateral, you expose yourself to BTS price volatility. This process needs some smart management.

P.S. A number of very good points are made in the article. 

Never had any issues with withdrawal of OPEN.BTC until now. Not sure if/why other OPEN.XXX assets would be different.

Everybody is talking about cross chain transfers today and everybody suggest 100500 different solutions.  So, it looks like this feature is in high demand, but I guess the way it is implemented matters, because shitty implementation can have bad negative effect instead of doing good.

Quote from: yvv on August 01, 2017, 12:11:38 pm

Openledger would not need to be trusted if they used bitAssets for their gateway instead of IOU, like transwiser does. BTS would still need to be traded against 1:1 pegged assets though to produce the price feed.

This doesn't make sense. Bitassets are a product of the Bitshares DAC, and are decentralized. How would a centralized exchange that is operating on the BTS DEX utilize Bitassets in a useful or profitable way that isn't already covered by the utility of the Bitassets themselves?

In other words, it doesn't make sense for OpenLedger to utilize Bitassets as a middle-man, because the whole point of Bitassets is to have stable, backed tokens without any middle-men.

My point is that running a trustless gateway on BTS DEX is possible right now using bitAssets. How this gateway makes profit is another question. Evidently, transwiser knows how to do this, because this is what they do, they run a gateway which uses bitCNY.

Don't think they are lost.

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