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General Discussion / Re: Lets bring " earn x% interest on 'anything' " back to Bitshares!
« on: April 15, 2017, 05:25:40 pm »If you reward a short sale, you increase the price of the BTSLess BTS in circulation (more BTS locked up in bitAssets) means less BTS on the sell side thus easier to increase the BTS price.
If you pay interest for everyone who has bitAssets, then you will create bitAsset buy wall,
which will make it difficult to increase the BTS price.
That's why I do not like this idea.
But I think it would be most beneficial to pay dividends depending on the amount of collateral and open orders on DEX and only for LTM.
It should also be easier to implement.
Similar ideas were discussed here:
https://bitsharestalk.org/index.php/topic,23706.0.html
Anyway, first we have to be able to pay dividends or any other kind of simple profit sharing
I know and I agree with you, but I think if you compare these two ideas.
It seems to me that the dividend from the collateral amount gives less friction in the market. Because in that way you only create a buy pressure on BTS for borrowed bitUSD, bitCNY
And the growth of BTS would be faster because you immediately involve an existing community that already knows short sales in Bitshares and it will cause the first wave of price rises.
The rest of the people at that time will buy BTS without knowing much about it because they will just follow money. They will learn about Bitshares later and this will cause another great surge of growth.
Besides, the capital that will be migrating to BTS will definitely come with a vast majority of other crypto, and this capital will not bother 1% -5% of the profit