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Stakeholder Proposals / Re: MineBitShares.com - A virtual mining multi-pool for BitSharesX
« on: September 19, 2014, 06:58:37 am »Toast,
In the short term you would be right but I don't think most people here are considering the long term strategic implications of what Minebitshares can become. It's a marketing method because it does encourage people to buy BTSX, but it also markets the BitAssets. It's also capable of becoming something more if you think about things strategically.
Once miners get into the Bitshares ecosystem through the mining pool they can earn interest, trade, do all sorts of exclusive stuff. So why are we going to encourage people to go to a central exchange to trade coins they mined when we can turn the mining pool into an exchange, or even into a Gateway someday?
So from a strategic perspective Minebitshares is the perfect on-ramp into the ecosystem. Depending on how successful it is and how many Litecoin miners mine on it there are many possibilities.
This can be a good way to bring in the POW-miners/diehards. Hope to hear some news on the progress.