Quote from: bluebit on October 15, 2014, 03:58:19 pm

This is fantastic!!! Would be cool to see the yield/interest number that can be earned in the BTSX wallet next to each asset

I would be surprised if this wasn't going to be in the new client cass is working on. I also wouldn't be surprised if SVK has the graphs on his website ( http://bitsharesblocks.com/home ) soon after.

In February 2014 it was estimated that at most 500,000 people actually own Bitcoin... that means that Bitcoin has a market cap of $10,000 per unique user....

If you could buy users for $200 each and the same network-effect rules applied then you could reach the size of Bitcoin's user base for a total of $100 million dollars.

Suppose there was a way to identify a unique user...
Suppose there was a way to pay a pre-paid credit card with BitUSD...
Suppose there was a way to track referrals for people who sign up to use this pre-paid card...

Suppose you gave everyone 10% cash back when they pay their pre-paid card with BitUSD (limit $100 off)
Suppose you gave everyone who referred them a matching cash bonus limit $100 per referral. 

Net result:  users buy $1,000 worth of BitUSD and spends it via the pre-paid card earns $100...assuming a referral they buy $1000 worth of BitUSD and cost $200 worth of USD...

Users who recommend 10 people who and buy and spend $1000 worth of BitUSD will earn $1100...

In the process users have achieved the following:
1) learned how to buy BitUSD and created accounts with various institutions
2) learned how to download and use our wallet..
3) learned how incredible the yield on BitUSD is...
4) learned how easy it is for them to spend their BitUSD via a normal credit card...

What percent of these users hang around and put more money into the ecosystem?   Do you think BTSX market cap goes up by $100 million dollars?

For $1 million dollars you could purchase 5,000 users... who must put $5,000,000 into BitUSD prior to spending it to earn $1 million dollars.   This would boost the market cap of BTSX by $15,000,000 via the BitUSD multiple alone....  now suppose a fraction of those new users decide to stay and earn interest on USD, etc, etc... they bring in their savings....

This would be the marketing strategy that could easily pay for itself...... It would have to grow the market cap of BTSX by $50-$100 million for the development fund to break even funding it.

Suppose we had Bitcoin level inflation (10% per year)... and we put that toward the referral system...  at today's valuation that would buy 30,000 users per year... at the valuation it would quickly grow to $600,000,000 it could buy 300,000 users per year....

If user valuation is even 20% of bitcoin's network effect ratio... that would be $600,000,000....  At this valuation you could spend $60 million per year buying *new* customers with free samples... and have a user base larger than Bitcoin.

So why will this work with BTSX and not our competitors?

1) The user experience is one of 0 volatility
2) The user experience is that of a bank with a check card that earns very high interest rates
3) The user experience is one of names without addresses. 

So you see... a bitcoin user would see a foreign currency "what's a bitcoin?" no interest and high volatility. 
Our users would see a very familiar system interface with dollars and interest with lower fees...

Yes... this would be game changing... yes... inflation in this case would yield a net gain for shareholders.

Suppose we already were good friends with people offering such a pre-paid card?
Suppose these friends already owned a large percentage of BTSX?