Quote from: cylonmaker2053 on March 07, 2016, 04:09:30 pm

i voted YES purely on the condition that this is a LIMITED TRIAL with perpetuation of the policy contingent on results.

I, too, am in favor of limiting this to a 6-month trial.  I propose targeting it 75% to BitUSD, 20% BitCNY and 5% BitEur, with a goal of creating the equivalent of at least $1M in total BitAssets.  Also, to receive yield, perhaps it should be required to lock up funds for a month at a time.  So yield would be paid every month starting 1 month after lock-up (on an account by account basis), and early withdrawal means yield is forfeited. 

So we get people to move funds onto the DEX, they become more frequent users of the DEX, and create BitAssets propelling us to worldwide fiat-pegged leaders, which will garner greater overall attention for Bitshares in general and our smartcoins in particular.  Not to mention new users that might be attracted by the yield to buy and hold smartcoins.

On the liquidity front, we can launch this in conjunction with liquidity pools that any of these new users and new BitAsset creators/holders can voluntarily participate in.  This can be incentivized by the Nasdaq-style market maker liquidity rewards program (to be developed separately, discussed on another thread), which of course any liquidity provider can participate in (and which UIA issuers can use with their own funds to incentivize liquidity in the markets for their own assets). 

If we require generation of more liquidity, the rewards can be increased as necessary.  Conversely, as liquidity grows, the rewards can be diminished and directed to other BitAsset  markets such as BitGOLD, BitSILVER, BitOIL, BitAAPL, etc. 

These are just some suggestions and starting points for further discussion, including how some of the pieces of the puzzle might fit together.  Thoughts @Empirical1.2, @cylonmaker2053?  Anyone else with constructive input?

Quote from: cylonmaker2053 on March 07, 2016, 04:20:20 pm

i'm also in the market making business for our USD, BTC, and SILVER markets and so i'm viewing these ideas from that perspective.

#1 we have a natural supply limit to any smartcoin, which is some function of excess BTS people are willing to lock up in collateral for that particular smartcoin. there's also an upper bound based purely on exchange rate and amount of BTS required per unit of that smartcoin. 1 million bitUSD is far too large a number. we're probably looking at more like 100,000 bitUSD at current BTS valuation and amount people are willing to tie up in collateral.

If we implement the BitUSD yield trial you are in favour of we should see a substantial increase in BitUSD creation. (The trial would pay out circa $120 000 in yield over the following 6 months, which would be the equivalent of 10% p.a on $1.2 million BitUSD for those 6 months, so I believe we'll see at least that amount created.)

Quote from: cylonmaker2053 on March 07, 2016, 04:20:20 pm

#2 juicy spreads are what induce liquidity providers to enter markets. in absence of any support/intervention, simply observing spreads shows us what kind of risk/reward market makers imply for our assets. artificially narrowing this spread (albeit by fixing settlement ranges and thereby reducing some risk) could easily induce market makers to leave the DEX.

I agree that some fixed settlement ranges on either side of the peg but quite far away to reduce some risk would be a positive. (Forced settlement at 1-1 for example actually discourages shorts/liquidity imo.)

However I believe narrowing spreads combined with partially subsidized returns will attract market makers. NuBits for example artificially narrows the spread but pays circa 0.2% a day for a set amount of liquidity on each exchange. The Buy/Sell walls you see on CCDEK for example 'appear' to be achieved for $40 a day.

http://cybnate.github.io/index-liquidbits.html
https://www.ccedk.com/nbt-usd

I imagine we can do the same at a wider spread and achieve similar results. I have messaged the creator of the pool mentioned in the OP and invited him to this thread to hopefully learn more about that and the cost.

I would recommend against this. I actually proposed something similar myself more than a year ago, but I have since then learned a lot more about economics.

Thanks @Akado to list the current major projects for Bitshares.

Please also add the Liquidity discussion to the list too. https://bitsharestalk.org/index.php/topic,21597.0/all.html
maybe @xeroc could help @Empirical1.2 to set up a BSIP?

I think we must decide very soon which projects really can bring us forward. We should not spend our worker funds on simple assumptions or fancy techy proof of concept projects. We do not need to fund a prediction market today, we also do not need a ethereum virtual machine yet. We need to promote the features we have today. Why don´t we focus on our competitive trading fees and price stable crypto currencies?

I suggest we spend a fair amount of the worker funds for real marketing and promoting our features today´s. That could include taking BTS of the major exchanges and promote BitUsd instead. What if Polo traders could store their trading profits of eth etc. in bitusd instead of btc? I think that could be very interesting for crypto only exchanges like polo.

We also need a project to promote BitShares to major exchanges. Why not focusing on bringing BitUSD to Bitfinex, Kraken, BTC38? Every Fiat on-ramp will help us.

Quote from: kenCode on March 07, 2016, 02:33:05 pm

I am not a Marketer, this is why I work with Chris4210. He is out there every single day guys shaking hands with Executives from billion dollar corporations, flying to Amsterdam and other events (his parents paid the way for him thusfar, but cannot continue that forever!), organizing Meetups, tweeting and doing everything a successful Marketer can do with no income.
 
I can get a successful team of Marketers together, but REAL Marketers cost money. As you know, I do not hire Americans or other high priced labor, I know that sounds bad, but this is one reason why I can build so much stuff so fast. I will get us a Marketing team now that will blow the doors off any other out there.
 
As Chris said, it's time to get LOUD. I/we need your support for it though...

Fuck marketers. Become a marketer for yourself. It is not a rocket science.