I feel so helpless.
thanks to @JonnyBitcoin and @abit that provide more than 30k USDT, however that's not enough, to build a channel to connect USD world and non-USD world need continous and stable liquidity.
can USD world and non-USD world help each other? I mean that let non-USD world always provide more than 2000 bitUSD offer to buy USDT at 0.98-1 bitUSD, and USD world always offer more than 2000 USDT to sell at 1-1.02 bitUSD.
I can play the role to offer bitUSD, anyone will play the role to offer USDT?
how about you? @JonnyBitcoin
So by doing this you would be;
providing a service. Liquidity available at a reasonable price.
And taking a 4% profit on the spread. Effectively buying bitUSD for $0.98 and then selling it to someone else for $1.20.
Using current BitShares technology, is it possible to create a crowd-funded trader-bot that performs this service?
BitShares shareholders could send funds to this bot, which trustlessly places an order on the bitUSD:fiatUSD orderbook. The 4% profit could then be shared between the crowd-bot shareholders proportionally.
The benefit of creating a crowd-funded bot would be to improve the user experience, and to get as many bts shares locked up in providing liquidity to the asset markets. Bts shares being held as collateral in Smartcoin markets reduces the accessible supply on the market. This means the bts price has more support on the buy-side, leading to rises in the bts shareprice.
I think currently shareholders are perhaps risk-averse to losing the bts stake.
Making a mistake when placing a trade on the orderbook, and then losing lots of money.
Having a crowd-bot to send a bit of money to, to make them a reasonably 'guaranteed' profit of 4%. This could earn them interest on their bitshares.
This doesnt have to be a "state mandated" crowd-bot, just a collective of shareholders who pool to provide liquidity.
I think it needs ot be as easy as possible for shareholders to get their money on the DEX helping the ecosystem grow, and earning them a profit on their bts.
Please correct me if I've made any mistakes. I'm not sure if this is even possible