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General Discussion / Re: Privatizing BitAssets
« on: May 06, 2015, 12:45:25 pm »
This post makes total sense in lieu of Ripple fines coming out...
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For instance if I approach Dell and get them on board, they have no incentive to cut me in. Instead, they are incentivized to take life time referal fees from all the users they get to download a bitshares wallet and say "thanks little buddy...on your way now. I'll take it from here!" This gives me no incentive to even approach an a big company and in the long run centralizes the voting power directly into the hands of only the large corporations that sign onto this.
I've been trying to get a referral program taken seriously for almost a year.
DAC + Referral Program = Viral Gold
1) Limit the amount of USD that can be force-settled each day to 1% of the supply. This would take it almost a year if there were constant redemptions to free the entire supply.
2) When a user requests redemption they are placed in a queue that is filled in the order of redemption with at least a 24 hour delay.
At the risk of making an appeal to authority I will point out that BitShares X has been reviewed by Dr. Charles Evans (http://www.pecuniology.com/who.php) who maintains that my economic model is solid. I only make this appeal to authority to counter the claims that I have no 'authority' because I am "self-taught". So lets ignore the appeal to authority or lack of.
IMO allow a new pegged asset to be created which can earn transaction fees / trade fees for its creator, but still require that 51 delegates agree to list it before it becomes active.
That way all these new feeds are essentially voted in by the community, and the best ones still stand a chance to earn some revenue for their creators via collected fees.
As for people complaining about Bitshares not behaving like a company, what do you expect? We don't view Bitshares as a DA-Company, but as a DA-Community.
I guess being new to Bitshares I got confused with the DAC metaphor in the publicity material. "Corporation" is most often used to signify a business that acts as one unit. Most business's internal market is for talent and operations focused groups that helps the business achieve it goals. Other than that, privatized assets sounds like a fine plan.