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General Discussion / Re: bitusd peg
« on: May 29, 2019, 01:55:22 am »Requested to link this from bitstopia
https://imgur.com/a/PVGXxYm
In case you missed it...This was an interesting data analysis...
https://steemit.com/bitshares/@paws1t1veev/analysis-of-bitusd-global-settlement
https://www.dexbot.info/2019/05/21/understanding-trading-activity-and-potential-causes-of-bitasset-settlement/
one of the conclusions/suggestions...
Allow BitAsset issuance to be backed by other Coins…
Yes, This is a change in one of the core BTS principles. However, BTS may fail if it does not adapt. Allowing a diversified holdings of coins (BTC, LTC, ETH, BTS, and more) could improve stability of BTS. In Investing, there are very few free lunches. Holding a diversified portfolio is one of the only “free lunches” in investing.
Given the current crypto bull market sentiment...wouldn't it make sense to for a BSIP to be put up for a vote to accomplish this..?...
The BTS price is not rising at the same rate along with the rest of the crypto market because there is insufficient demand
so how to generate more demand? and how else to enable traders/market makers to increase the amount bitUSD into existence?
Maybe then the foundation's marketing or a more vigorous and innovative marketing worker can offer this as a stable coin to a national consumer retail chain that wants to increase it's market share versus Amazon, reduce transaction costs, and have a secure, time-tested, fast, energy efficient payment processing application, with smart contracts and all the advantages over fiat currencies...
Or just wait to end up like Toys 'R US
or SEARS https://www.usatoday.com/story/money/2019/04/18/sears-lawsuit-eddie-lampert-esl-investments/3507382002/
or..
Why can't I buy this stuff with bitUSD?
https://shop.yang2020.com/products/math-hat
https://shop.yang2020.com/collections/apparel
(Since first debate is June 26 and June 27 I suspect that people will be buying more after these dates..)