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General Discussion / Re: Where do we stand with version 1 & advertising bitshares money - positive storm
« on: May 22, 2015, 04:07:14 am »
Stan please chime in
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Bottom line, when you look at the BitUSD price, the quantity available over $1.00 is VERY SMALL and thus meaningless. That means that right now BitUSD is "perfectly pegged" and the premium for creating new BitUSD is VERY HIGH. This is a good and healthy position and indicates what it will look like with force settlement enabled. Everything else just depends upon trading volume and market making.
I'm not satisfied. I would want a bitAsset that can be traded on any day against the real asset with a tight spread. If I'm just a moderate sized buyer, I want to be able to buy a bitUSD today or any other day for not much more than $1. And have the knowledge that I can sell it again on any future day for not much less. Sure big volume transactions need to pay a higher spread, but there should be arbitragers tripping over themselves to meet this at any meaningful deviation from fair value. I won't stop working toward a better solution until this is what we have, or its shown to be impossible.
Are we getting a NullStreet Journal soon? I think today was the submission deadline for updates. That should give us some info.
So where do we stand with 1.0, are you guys doing moonstone + 1.0 at the same time?
Also does the quasi foundation of bitshares have money to advertise on Facebook, Google, coinmarketcap and targeted articles?
Did those delegates save up money for the great push.
@rgcrypto your doing awesome in your efforts - just making a shout out. Same to you Justin
The price is gonna be doing some advertizing for us soon.