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BitUSD needs to have an absolute floor of parity with real USD so people will know for sure its at least as good as a real dollar.
Merchants should always price product at face value and pocket the rest.
People will be willing to pay a premium for this Super dollar as it has superior qualitys like.
- Full and exclusive access to your bitUSD
- Privacy (nobody knows how much you have)
- Easy fast global payment to anywhere in the world (paypal doesn't allow some countries)
- better interest paid on your savings (german bonds pay negative interest right now)
However saying all that I believe the collateral for bitUSD needs to be bitcoin instead of bitshares due to its market depth, liquidity, stability and acceptance as an asset class. This will be possible hopefully with sidechains. This will hurt the bitshares price alot but if it isn't implemented someone else will and that newly created bitcoin backed bitusd will surpersede bitUSD.
You do realize that most of the benefits will be the same for any other pegged crypto? If they don't charge a premium then it is game over. for us.
Funny, the majority of people attacking me on requiring accountability are delegates, or are running for delegate.. I wonder why.
A successful company employs Workers that are driven, accountable and rewarded.
Work hard, and prove it. No more hiding.
Marketing....to me means far less than "movement".
Do we want bitshares to be a company? Or a movement?
I have no problem with it being both, but eventually I want MANY bitshares powered chains. So ultimately it needs to be a movement.
I like that PC charges what he is worth, even if it highlights our self created system problems as much as anything. It's not his fault that the setup makes it really difficult for stakeholders to govern / hire; I would take up the complaint with Dan not PC.
Despite repeated urgings not to, Dan decided to conflate the idea of DPOS/block signers with blockchain hiring. This made voting confusing and added an extra step for potential workers like PC. He then unilaterally changed the consensus of the chain to dilute at a rate he randomly picked (50 BTS / block). And also made it expensive for potential delegates to even register so people like PC have to put up significant money to even see if they get elected.
This is not PCs fault; I doubt if he would have made the same decisions.
Sorry for the tangent but it's a bit frustrating to me because I think blockchain hiring was a great idea. It was a great idea that bytemaster had nothing to do with, but somehow he managed to take this great idea and use it / implement it in such a crazy and poorly thought out way (from both a PR and technical point of view) that it made this project less valuable instead of more valuable. I'm still left scratching my head about what blockchain hiring ever had or should have had to do with DPOS (nothing).
/rant
We dont need you Ken. Please calm down or find yourself another community.
DPOS 2.0 and blockchain-HR ability better be at the top of their list. Mark my words, this company will fail hard (thanx, voter apathy) if the basic accountability is not required. Dan and Stan are not business people, at all. I would have fired them and their puppies 2 months ago.Just so we're clear: Are you suggesting Dan and Stan should have been fired or two of the people they hired?
We don't need to pay puppy people or those who blow hot air up the bag(oops I mean share)holders asses.
Vikram is a GOD and he knows it. I'll protect him and his chosen few if it ever comes down to that.
