When you will ask Americans which currency is the most stable for them, they will answer - USD
When you will ask Chinese which currency is the most stable for them, they will answer - CNY
This is obvious, right?
So why we are selling and buying things here with BTS? This thread is of course related to
@tonyk 's thread:
bitSHARES - As True Shares and Not a Currency!When I came to bitshares, I was convinced, that bitshares has great value for companies, because there is no risk at all, when you use it as derivative asset. This is great explained here:
https://youtu.be/pbX4nt2UKP4?t=6m55sSo... the question is, why we pay witnesses with BTS? We should ask each of them which bitAsset they prefer and give them exactly so many bitUSD/bitCNY which they need to cover their expenses - electricity, server, etc. This have different cost in different parts of the world, so why we are paying every witness exactly the same? If there are two subcontractors which can do
exactly the same thing (read this closely exactly... I mean, by price,
certainty,
quality, downtime server, etc), we should always pick the cheapest one. In most cases big difference in price for specific service comes not from the different quality of service/product (we can always find products/service with the same quality),
but from cost of developing them in specific local market. - this may seem to be controversial, but you... should think like shareholders!
Back to the witnesses, our employees should not be worried whether next month price of bitshares will cover their expenses or not.
In general, this exactly the same with all offers in our internal Market on forum -
https://bitsharestalk.org/index.php/board,7.0.html. They all should be in bitUSD, bitEUR, bitCNY, etc!
I also made this same mistake, when
I have announced, that I will give someone 5000BTS for the best Liquidity Event poster. When I came up with this idea wondered, whether I am able to spend ~$20 for that. And right now this offer is worth $21.375.
I took completely unnecessary risk.We should try to switch to this kind of thinking. Stable assets are our greates product, so we should use them, and stop using BTS for transaction now! We do not need new implementation of bitshares as pure shares, to achieve that.
From now, I will remind people about that, every time when they will offer anyone any BTS.
@fuzzy I truly believe that actually your
http://sharebits.io/ should not allow send anything other than bitAssets.