Main > General Discussion
As an employee would you want to get paid in Bitshares?
jwiz168:
--- Quote from: luckybit on March 27, 2014, 11:13:09 pm ---
--- Quote from: jwiz168 on March 23, 2014, 12:17:17 pm ---Bitshare is a revolutionary commodity that has full of potentials . Until its pending release , it is all but speculations. Anyway let me share my two cents regarding making it more attractive to the people. We must take it to the masses. As I3 introduced it with a 5% interest is not sufficient enough for grabbing attention. After bitshare makes its way to banking sytem , slowly implement it REIT(real estate Investment Trust) type where 90% of the investors are being paid with dividends . This is even more attractive than banking.
--- End quote ---
Can you explain to me what a REIT is? I'm not familiar with this terminology.
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REIT is short for real estate investment trust . It is a group of real estate commodities trading in stock exchange. It was introduced by the US government way back in 1960s. The thing with REIT is it has to yield 90% of its earnings to investors as dividend. As a result the stockholder has a steady 6% to 7% in quarterly dividends and another 6% to 7% annually. Just like someone is paying you a rent. There are two types of REIT, the equity and mortgage REIT. The equity REITs are those what you see in a stock exchange trading publicly . Example of equity REIT is KIMCO Realty which now priced at $21 something (NYSE). Mortgage REIT is an investment that makes and holds loans and other obligations that are secured by real estate collateral. Equity REIT is more practical and recognized. As Bitshare is still developing commodities, maybe REIT can be one of them.
Recent article about REIT makes it more attractive for investors.
http://www.thestreet.com/story/12542103/1/surprise-reits-are-outperforming-stocks-and-treasuries.html
luckybit:
--- Quote from: clout on March 25, 2014, 02:32:19 am ---
--- Quote from: luckybit on March 23, 2014, 08:09:05 am ---
--- Quote from: jwiz168 on March 23, 2014, 06:21:09 am ---Great idea!!! A salary that earns interest. Way too cool . Im happy be a bitshare investor. 8)
--- End quote ---
Help me out. Share your ideas. This project is about building an industry from the ground up, with it's own culture, it's own ethics, it's own kind of regulation, and while we can learn from the mistakes of the traditional approaches there is a lot of room for new ways of thinking and doing.
The problem with Bitcoin, Bitshares or any of this is that if only a few thousand people in the whole world have them then it's never going to be worth much. The community must always be growing, which means new people have to always be learning about, using, and earning Bitshares.
Buying Bitshares is fine for rich people who like to gamble. It's also fine for true believers willing to invest their life savings. It's not going to last though because eventually all of us here will have given all we have to buy Bitshares and then what?
Then you have to get creative about how to build buy pressure because this isn't mined like Bitcoin. You will not have a way to distribute it or raise awareness of it if you make it impossible for people to get.
So you want to set aside some roads to get it. All roads lead to Bitshares. Whether you buy it, work directly for a DAC, work for fiat and ask your employer to be paid in it, there has to be more options other than logging onto Cryptsy and hoping it's found there. If it's too hard for people to get, they'll just buy Bitcoin.
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I would expect the ecosystem that is being built around bitcoin would support and promote Bitshares very readily, since bitshares provides the one thing that critics claim is wrong with bitcoin, which is also the one thing that bitcoin enthusiasts are so concerned about - price stability. This is truly an "if you build it they will come" type of scenario. Not to mention that TaPoS greatly exceeds PoW in its ability to secure and provide consensus to the network. I can not imagine a scenario where this technology does not get picked up.
--- End quote ---
In my experience that isn't how it happens. You have to build it and market it by bringing your solution to them. You have to identify the people looking for your solution and go to them.
Why do you think Christianity spread? People knocking on doors and preaching. Memes.
What will be the niche of Bitshares?
luckybit:
--- Quote from: jwiz168 on March 23, 2014, 12:17:17 pm ---Bitshare is a revolutionary commodity that has full of potentials . Until its pending release , it is all but speculations. Anyway let me share my two cents regarding making it more attractive to the people. We must take it to the masses. As I3 introduced it with a 5% interest is not sufficient enough for grabbing attention. After bitshare makes its way to banking sytem , slowly implement it REIT(real estate Investment Trust) type where 90% of the investors are being paid with dividends . This is even more attractive than banking.
--- End quote ---
Can you explain to me what a REIT is? I'm not familiar with this terminology.
donkeypong:
--- Quote from: clout on March 25, 2014, 02:32:19 am ---
--- Quote from: luckybit on March 23, 2014, 08:09:05 am ---
--- Quote from: jwiz168 on March 23, 2014, 06:21:09 am ---Great idea!!! A salary that earns interest. Way too cool . Im happy be a bitshare investor. 8)
--- End quote ---
Help me out. Share your ideas. This project is about building an industry from the ground up, with it's own culture, it's own ethics, it's own kind of regulation, and while we can learn from the mistakes of the traditional approaches there is a lot of room for new ways of thinking and doing.
The problem with Bitcoin, Bitshares or any of this is that if only a few thousand people in the whole world have them then it's never going to be worth much. The community must always be growing, which means new people have to always be learning about, using, and earning Bitshares.
Buying Bitshares is fine for rich people who like to gamble. It's also fine for true believers willing to invest their life savings. It's not going to last though because eventually all of us here will have given all we have to buy Bitshares and then what?
Then you have to get creative about how to build buy pressure because this isn't mined like Bitcoin. You will not have a way to distribute it or raise awareness of it if you make it impossible for people to get.
So you want to set aside some roads to get it. All roads lead to Bitshares. Whether you buy it, work directly for a DAC, work for fiat and ask your employer to be paid in it, there has to be more options other than logging onto Cryptsy and hoping it's found there. If it's too hard for people to get, they'll just buy Bitcoin.
--- End quote ---
I would expect the ecosystem that is being built around bitcoin would support and promote Bitshares very readily, since bitshares provides the one thing that critics claim is wrong with bitcoin, which is also the one thing that bitcoin enthusiasts are so concerned about - price stability. This is truly an "if you build it they will come" type of scenario. Not to mention that TaPoS greatly exceeds PoW in its ability to secure and provide consensus to the network. I can not imagine a scenario where this technology does not get picked up.
--- End quote ---
And it has both idealism and profitability, which also should appeal to this community.
clout:
--- Quote from: luckybit on March 23, 2014, 08:09:05 am ---
--- Quote from: jwiz168 on March 23, 2014, 06:21:09 am ---Great idea!!! A salary that earns interest. Way too cool . Im happy be a bitshare investor. 8)
--- End quote ---
Help me out. Share your ideas. This project is about building an industry from the ground up, with it's own culture, it's own ethics, it's own kind of regulation, and while we can learn from the mistakes of the traditional approaches there is a lot of room for new ways of thinking and doing.
The problem with Bitcoin, Bitshares or any of this is that if only a few thousand people in the whole world have them then it's never going to be worth much. The community must always be growing, which means new people have to always be learning about, using, and earning Bitshares.
Buying Bitshares is fine for rich people who like to gamble. It's also fine for true believers willing to invest their life savings. It's not going to last though because eventually all of us here will have given all we have to buy Bitshares and then what?
Then you have to get creative about how to build buy pressure because this isn't mined like Bitcoin. You will not have a way to distribute it or raise awareness of it if you make it impossible for people to get.
So you want to set aside some roads to get it. All roads lead to Bitshares. Whether you buy it, work directly for a DAC, work for fiat and ask your employer to be paid in it, there has to be more options other than logging onto Cryptsy and hoping it's found there. If it's too hard for people to get, they'll just buy Bitcoin.
--- End quote ---
I would expect the ecosystem that is being built around bitcoin would support and promote Bitshares very readily, since bitshares provides the one thing that critics claim is wrong with bitcoin, which is also the one thing that bitcoin enthusiasts are so concerned about - price stability. This is truly an "if you build it they will come" type of scenario. Not to mention that TaPoS greatly exceeds PoW in its ability to secure and provide consensus to the network. I can not imagine a scenario where this technology does not get picked up.
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