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General Discussion / Radical ideas for liquidity
« on: January 27, 2016, 08:21:51 pm »
The dex is not a decentralized exchange without a functioning smartcoin. Trading UIAs is nice but can be done faster and cheaper on poloniex.
We are 4 months in to bts 2.0 and none of the smartcoins are liquid. Something big needs to change.
People keep saying we just need a bridge to smartcoins but nobody will provide that bridge without liquidity
Here are some radical ideas of how to increase liquidity.
- The committee or a worker proposal should use reserve pool funds to create smartcoins and sell them in to the market at feed price plus 10%
- Abandon all smartcoins except BitUSD to drive liquidity to it and then think about adding another smartcoin in a years time.
- Get all gateways to offer the same btcUIA instead of each having their own separate ones. Could be a multisig wallet controlled by committee.
- Get the reserve pool to pay for a bitcoin-BitBTC bridge with guaranteed 2-way liquidity
- Limit trading pairs in the GUI to just USD vs XXX
- Buy an existing exchange like poloniex and migrate its backend over to bitshares.
- Pay some altcoins that are struggling but have big communities to migrate their coins over to bitshares through proof of burn.
Loads of people are going to moan about these ideas but we need to prove a smartcoin works.
The trading volume of USD:BTC over the last 24hrs is actually zero as it is on most days.
We are 4 months in to bts 2.0 and none of the smartcoins are liquid. Something big needs to change.
People keep saying we just need a bridge to smartcoins but nobody will provide that bridge without liquidity
Here are some radical ideas of how to increase liquidity.
- The committee or a worker proposal should use reserve pool funds to create smartcoins and sell them in to the market at feed price plus 10%
- Abandon all smartcoins except BitUSD to drive liquidity to it and then think about adding another smartcoin in a years time.
- Get all gateways to offer the same btcUIA instead of each having their own separate ones. Could be a multisig wallet controlled by committee.
- Get the reserve pool to pay for a bitcoin-BitBTC bridge with guaranteed 2-way liquidity
- Limit trading pairs in the GUI to just USD vs XXX
- Buy an existing exchange like poloniex and migrate its backend over to bitshares.
- Pay some altcoins that are struggling but have big communities to migrate their coins over to bitshares through proof of burn.
Loads of people are going to moan about these ideas but we need to prove a smartcoin works.
The trading volume of USD:BTC over the last 24hrs is actually zero as it is on most days.