I think, There are very less chances to get like this kind of loan facility. BitShares is the first proposed Bitcoin-like cryptocurrency-based prediction market system that allows for the creation of new derivative products, which track real-world entities



Mezzanine Finance

I understand. If bitshares gets to where it wants to be then it will be perfect for 10% of world business. (10% being the publicly traded companies.) I was try to find a way to use bitshares for the 90% that aren't publicly traded. I think that it will require a completely different instrument that hasn't been created yet though.

Perhaps a crypto company develops something for the 90%? The crypto company would leverage bitshares to raise development funds. Success of the company would be shown in the prediction market.

I think it will be a while before something comes out that I can use. Not enough talented people working on these things yet.

I guess i'm back to where I was on other posts. A crypto company doesn't have the legal rights needed to facilitate real estate transactions and related vehicles.

I always keep crypto on my mind. If another possible opportunity hits I'll present it.

I now understand this doesn't exist yet. I guess I'm asking too much of such a young technology. So far, it has not been able to solve any of my business needs.

People too often state that things should be done by someone .. wake up guys .. bitshares is decentralized .. so do it yourself .. once s.o. started plenty of people will join ..

The company I work for has been trying to decentralize management. No more top down.

It has failed miserably. Things don't get done quickly (if at all). People who are leaders do all the work. Most people need direction or they just sit idle. The idea of decentralization sounds good but it is not a good mechanism for getting things done.

This is awesome
In the UK you have to pay 20% VAT on Silver purchases though How're you handling that?

Easy: crypto is not considered a currency. It is considered property. You are not purchasing silver. Instead, you are bartering for it. Different rules apply.

We just need them to accept bitcoin/bitUSD as payment and have them offer a small discount to customers, do it one dispensary at at a time.  We could make flyers they can give out to their customers with instructions on how to get bitUSD and get the discount.

Agreed. This would possibly increase adoption and make it become a solution. Finally! However, I believe that this is still a slower route. Need a person or a group of people to convince a community to use bitusd. Then, it would be rapid adoption after that.

Quote from: wesphily on February 13, 2015, 12:59:04 am

Quote from: Carpet Ride on February 12, 2015, 11:45:41 pm

Quote from: wesphily on February 12, 2015, 10:41:39 pm

Quote from: tonyk2 on February 12, 2015, 10:31:58 pm

Quote from: wesphily on February 12, 2015, 10:20:01 pm

Bitusd is does not solve the problem anymore than the dollar does. Government can track/freeze funds at Coinbase level. Sure, you could be sneaky about, but you couldn't be anymore sneaky about it then you can with the dollar.

My statement will be true until the dollar is replaced. Even then, it may hold true. Depends on who adopts bitusd. If you could persuade a whole community to adopt it then it would be a solution.

Has anybody ever tried to coordinate a large group of people to move to an area and use only crypto? Business people, teachers, tradesmen, ect.., it would only take one community to change the world.

Their problem is not tracking and freezing though. Their problem is that the banks refused to serve them. They keep the cash and have to hire guards to keep it safe amongst other costs. It is kind of hard to pay cash to someone 1000 miles away without the banks. Both of those are solved with BTC...BTS ads to this the lack of volatility.

Ok. Customer comes in and buys drugs with cash/credit card. How do they convert that to bts? Bank > Coinbase > btc > bitusd. Clearly, bitusd does not solve the problem.

Now, let's assume the whole community adopts bitusd. Customer comes in and buys drugs with bitusd......that's it because the company can pay employees with bitusd who can then buy groceries with bitusd. No bank needed. Bitusd solves the problem.

Again, the only way bitusd solves the problem is if the whole community adopts it.

Once the light wallet and one step on ramp is out then Pot would be an excellent target market -- also once we have created the Lwallet and on ramp, what might be good strategy here for initiating cross-community demand? I have heard some say incentivize merchants who then pass the incentives to the consumer and employees (although IME promotions don't work well this way at the retail level as the retailer tends to keep the dollars for themselves if recieved upfront)

1step, 1000 steps. Both can be regulated the same. If a conversion to or from cash has to happen then it is not a real solution. There would still be a lot of red tape.

Can't they accept BitUSD as payment from customers. Now they have a dollar stable asset without the holding costs. If they need to pay bills they can covert BitUSD to BTC at bter.

Yes they can! However, this requires adoption as I previously suggested. The drug store may do a few sales this way, but the majority will still be cash/credit since these are legitimate businesses. It does not make bitusd a solution. If anything, it is added headache.

For it to be a solution the whole ecosystem needs to accept. This is why I suggested it.

If you truly want a business to use bitusd without adoption then you're going to need to add some better incentives, or find a business that wants to push adoption to its community. Either way, bitusd is not a solution until it is mass accepted with no conversions.

I guess my hang up is that we keep calling it a solution for a business. Right now it is a burden. Businesses who choose to accept are opportunities for bitshares holders; not businesses.

I hope that somebody rich changes this!!!!

Quote from: wesphily on February 12, 2015, 10:20:01 pm

Bitusd is does not solve the problem anymore than the dollar does. Government can track/freeze funds at Coinbase level. Sure, you could be sneaky about, but you couldn't be anymore sneaky about it then you can with the dollar.

My statement will be true until the dollar is replaced. Even then, it may hold true. Depends on who adopts bitusd. If you could persuade a whole community to adopt it then it would be a solution.

Has anybody ever tried to coordinate a large group of people to move to an area and use only crypto? Business people, teachers, tradesmen, ect.., it would only take one community to change the world.

Their problem is not tracking and freezing though. Their problem is that the banks refused to serve them. They keep the cash and have to hire guards to keep it safe amongst other costs. It is kind of hard to pay cash to someone 1000 miles away without the banks. Both of those are solved with BTC...BTS ads to this the lack of volatility.

Ok. Customer comes in and buys drugs with cash/credit card. How do they convert that to bts? Bank > Coinbase > btc > bitusd. Clearly, bitusd does not solve the problem.

Now, let's assume the whole community adopts bitusd. Customer comes in and buys drugs with bitusd......that's it because the company can pay employees with bitusd who can then buy groceries with bitusd. No bank needed. Bitusd solves the problem.

Again, the only way bitusd solves the problem is if the whole community adopts it.