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General Discussion / Re: Method for Stronger BitUSD Peg
« on: November 16, 2014, 12:54:45 am »
Why not create a DAC wich is crowfunded in bit USD + bitcoin and the DAC is doing like for Nubits they automatically buy/sell at 1 USD +/- 0.5%for bitcoin on exchanges like Bter.
1/ You create volume liquidity for bit usd
2/You make the bit usd peeged to the USD
3/You make profit with the DAC with the margin
I'm not able to do this but it could be a nice idea, furthermore because this helping a lot BTS, assetholders of the DAC could be paid in BTS for this if they accept to minimize the margin profit to 0 (just the fees from exchanges would be included for spread).
Now you have a functional Bit USD.
Tell me what do you think of this guys
1/ You create volume liquidity for bit usd
2/You make the bit usd peeged to the USD
3/You make profit with the DAC with the margin
I'm not able to do this but it could be a nice idea, furthermore because this helping a lot BTS, assetholders of the DAC could be paid in BTS for this if they accept to minimize the margin profit to 0 (just the fees from exchanges would be included for spread).
Now you have a functional Bit USD.
Tell me what do you think of this guys