This really isn't fake volume. Transactions are being done on the blockchain, fees paid. I suggest you change the tittle and reword the original post. BIiSaares' reserve pool is the one paying for the transactions. But this is NOT fake volume since fees are being paid and any other user can take the orders from your bots.
I think this is actually a nice idea but let's just allow people to use @alt 's bots, which, btw, were the best thing that ever happened to BitShares as it is the kickstarter the DEX needed. Let people use them, let volume grow for some months. As long as it keeps increasing no need to take money from the pool.
Perhaps an alternative then is to promote and encourage
existing BitShares shareholders to utilise BTSBOTS.com to provide liquidity and make private profit from doing so.
But how can Shareholders do this?
@JonnyBitcoin has made a great start with this btsbots app demo:
https://www.youtube.com/watch?v=JVbUzbNkLpkI may be mistaken, but I would hazard to guess that most current bts shareholders do not have a professional finance/trading background.
They understand cryptocurrency and can see it's potential to create the next world financial exchange, but may not necessarily understand the nitty gritty on how to actually use a financial exchange to trade, and make money.
I think lots of shareholders are kind of waiting for the serious traders to stumble across bitshares and start using it for themselves to make profit.
But without the early stage liquidity support the mainstream cryptotraders aren't interested. The DEX doesn't yet fulfill their needs. (Or does it?)
Once the crypto-traders are involved then progressively more mainstream players will have their interest piqued.
My prediction/opinion for the order in which players enter the bts market:>>>>>>>>>>>>Current Shareholders who see the potential of bitshares to fulfill the huge niche that is a decentralized asset exchange (We are here)
>>>>>>>>>>>>Crypto-traders who get fed up of centralized crypto-exchanges
>>>>>>>>>>>>Recent mainstream finance university graduates who get rejected for an invest banking/stockbroker job. Internships are hard to come by for these students. BTS should/will advertise to this demographic once bts a little more mature. They can 'trade from home' and make more money than they could earn at the job
>>>>>>>>>>>>bitUSD accepted at Merchant stores thanks to BlockPay. Merchants offer discounts for payment in bitUSD due to the merchant's potential to profit by selling bitUSD for a slightly higher price on the DEX.
>>>>>>>>>>>>Retired or bored stockbrokers (Lots of money here I think). Ability to hold Gold, stocks and a basket of fiat to manage their pension without trusting a potential crook. If they think BitShares is the most secure then there is potential for a huge pile of money to flow into SmartCoins
>>>>>>>>>>>Ex-Stockbrokers who decide to set-up shop for themselves and use BitShares as their platform.
For the BitShares exchange to increase in value people have to be using it.They aren't, not in the kind of numbers one would hope to see. For the next level of player to enter the game, there needs to be a certain minimum level of liquidity for them to perform their market-needs satisfactorily.
Who knows what the minimum's are? But by discussing, promoting and incentivising ways to increase the liquidity of our Flagship Product: bitUSD.
How can bitUSD be used to make money?
Why should shareholders create bitUSD on the DEX?
How can they do it without risking their investment?