But I guess it's for third party businesses to create those specialized front end to appeal to those target markets.

I've expanded the BTS use-cases since but I came to the same conclusion early last year.

5 New Websites for 5 separate BitShares businesses

Trying to understand & sell BitShares all as one is hard... but within BitShares we have many businesses that are easy to pitch & easy to grasp on their own.
We could create websites and brand 5 different businesses that we view separately but are still managed by BitShares

BDEX                               BitAsset Exchange
BlockchainUSD             BitUSD and other BitCurrency specific simple wallets
TheNewSwissBank      Private BitAsset Bank (Buy assets at mark-up no use of exchange)
SovereignVault            Unseizable BitGold & BitCommodity Vault (BitGold and silver sold & bought + gateway)
E.T.SendHome            Global BitCurrency Remittance

https://bitsharestalk.org/index.php/topic,13325.msg174295.html#msg174295

A guy in Argentina has heard about dollar stable assets & could be interested in BitUSD. Do you want to send him to the decentralized exchange? Will he go with us or NuBits?

Your dad keeps gold in a vault he's heard about blockchain gold. Where do you want to send him? The decentralized exchange? Will he go with us or BitGold.com?

A businessman has heard about currency stable accounts that are better than having a Swiss Bank account. Do you want to send him to the exchange? Will he go with us or a competitor that has branded themselves similar to a bank?

A taxi driver wants to send money home to his family. Do you want to send him to the exchange?
Will he go with us or a simple branded site set up specifically for remittance.

That was the idea behind it, that we actually make it simpler that way.

Besides an amazing 'BitAssets are now tightly pegged and liquid solution' ,I think third parties taking in an interest in BTS is what will get new money into BTS the most, so the things that have interested me the most the last few days...

Forbes: Microsoft partner Emercoin joins OpenLedger

https://bitsharestalk.org/index.php/topic,21364.0.html

Possibly good in that we might backdoor onto Microsoft Baas somehow...


Roger Ver hangout interests me...
https://bitsharestalk.org/index.php/topic,21431.0.html

I don't think he's really been on BTS before, but he's a shrewd investor, so hopefully he ultimately wants do more than just chat and discuss the weather.

(Third all ETH related projects received a big pump and BTS is a very solid blockchain marketed as an 'financial blockchain, smart contracts platform.' So possibly other DACs, ETH related projects, Smart Contract platforms etc. are receiving more interest especially if they're on Poloniex where a lot of new money is flying around.)

Is the EMC/Openledger partnership significant? If it is that's pretty good news considering EMC will be on Microsoft Baas so BTS could sneak in the backdoor that way.

https://bitsharestalk.org/index.php/topic,21364.0.html

localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?

Quote from: Empirical1.2 on February 11, 2016, 02:34:39 am

I never understand these things at first but today we have the problem that shorts don't want to create BitUSD at 1-1 and demand a huge premium because BTS price expectations are neutral to negative and they can be force settled/margin called pretty easily.

This solution seems to require equal/more collateral from BitUSD creators, so the problem will remain/be exasperbated and very little BitUSD will be created?

I do not claim this proposal to be perfect. It just solves (well seems to solve) a bunch of issues and delivers improvements on several fronts. Until it is implemented it will remain just a theory [and as you might know there are people that use the "It is just a theory" and not a 'fact' argument even against Darwinism].

Besides the things already mentioned in the OP:

- It removes the BTS from the centralized exchanges. Something arguably very desirable.

- It moves all the BTS trading in the DEX... this might not be the 40,000 BTC a day trading volume ETH has, but is a great start for the DEX

- The fee structure and bitUSD being the 'core/fee token' aims at among other things increasing the bitUSD in existence (and so arguably liquidity). How?
Let's say on day one bitUSD still trades with 7% premium (which is misnomer in this system as I explained earlier), but let's say that a person  thinks BTS should be 7% higher right now. So instead of buying 50 bitUSD in the market, he issues 50 bitUSD to himself (using his 1/2 mill in BTS account, puts 17x collateral behind his 50 bitUSD borrowed!!!) and  buys the name  "Empirical888" for his token. The fee to create this asset, must be paid in bitUSD, so 50 bitUSD fee is collected by the system. 30 days later this 50 bitUSD (and all other fees all in bitUSD) are spread to all BTS holders as dividend.
Results: not only bitUSD creation is encouraged and more bitUSD start circulating in the system, but most importantly a use case for bitUSD is created (other then hedging against BTS price drops).

  The other advantages seem very good, it's very interesting.

Quote from: Empirical1.2 on February 08, 2016, 07:27:40 pm

I believe Decred will be trading on Bleutrade to start.

Bleutrade are currently 37th by exchange volume according to CMC. They often hover around 40th near to the DEX. 

It will be interesting to see how their volume is effected over the following weeks as a result of being one of the first to add Decred.

It's a Brazilian exchange. Indeed, but better than see how it goes for them would be doing the same and having a chance of bringing in more people. Still I think we can easily take advantage of that even if we add it after them.

We have Emercoin, OpenLedger is working on adding Ethereum. If we have Decred next it can set a good precedent. People will expect OpenLedger to add the new coins trending and will look forward to trade them here because they know it would be the first place to do it.

It would still be positive, but it's too late to do the same, presumably by then Polo/other would have it too. First mover advantage is letting the community know you will be adding it at launch so they all go to you to trade. 

Quote from: bytemaster on February 08, 2016, 04:43:22 pm

Anything I could do in 5 minutes or less with 100% certainty and could apply for millions of users?

uphold.com probably

Yeah I would guess uphold, given it's free.

Bittylicious in the UK will let you buy £1 worth for a £0.04 fee/premium via bank transfer very simply https://bittylicious.com/
(bank transfers are pretty instantaneous in the UK.)

https://en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)

Quote from: jakub on February 04, 2016, 03:09:40 pm

Quote from: mint chocolate chip on February 04, 2016, 01:59:43 pm

My point is that a user who paid the full price will find out the day after he could have gotten the same thing for free. That is the user experience you are advocating.

In the same way my UX is affected when I buy a pair of nice sneakers from a local online shop and three days later I find out that I could've bought them on Alibaba for half the price.
This is the way things are nowadays and people are getting used to it.
Smart people who have the time to hunt for discounts get lower prices than people who don't have time for that.
Take airline tickets as an example.

Yeah, this is just a fact of life.  One could come up with a zillion examples.

When Nike (Sneaker company) wholesales their product to retailers, their marketing costs are included in that wholesale price. (Advertising and Sales commission.) Retailers then compete on price/location/other for the end user.

In the BTS model, the referral programme is a form of sales commission currently included in the wholesale price. This creates a level playing field for your global sales force.

By removing this you lower the wholesale price which is beneficial to some end user businesses but removes the incentive for a large part of your sales force.

Even some end user businesses that engage in BTS marketing like CCEDK will also be less incentivized & have less profit margin to do so because they will have to compete on price with other providers

As mentioned there is a loophole that makes this possible anyway but it does limit BTS's ability to market itself, other than by relying on low costs and word of mouth.