People need to be able to borrow any asset from others and pay interest. Then they can pursue whatever trading strategy they want. No one knows what can happen in 30 days. If you're trading with a long-term strategy, then you don't care about a 30 day movement. But if they're forced to cover every 30 days, then many people will be unwilling to trade.

Lending/borrowing markets are planned for BTS, right? BTS should try to emulate Bitfinex and other successful trading platforms as much as possible. They have already done the research and gotten the feedback on what traders want.

Quote from: maqifrnswa on March 26, 2015, 03:36:07 pm

Quote from: Volker on March 26, 2015, 11:31:46 am

These folks aren't:

http://bitsharesblocks.com/delegates

Piling on... on top of dilution being on the order of 1% of the total volume, a 3% delegate is making ~$20 a month (barely enough for a VPS) and 100% delegates (who are supposed to be full-time developers) are making $700-800 a month.

So yes, when you include the time invested, they are probably also selling at a loss

Has anyone looked into outsourcing some of the bull work to freelancers in Vietnam/Phil/SE Asia?

$700/month can rent some surprising talent in those areas - opendesk etc.

Not sure if this is worth pursuing but it's a thought.

You won't find serious development talent in Asia for 800 per month. They flock to Shanghai, HK, Tokyo. $800 per month is a joke salary for an experienced developer, even in Shenzhen. So BTS is probably best off hiring diehard BTS supporters (as it is).

Some people argue that this must be the bottom because "everyone is selling at a loss." My point is that not everyone is selling at a loss.

I actually want to use BitShares to buy Tesla stock. This is not a hypothetical. I think TSLA can go up 10x-20x in the coming years. I've wondered "When will I be able to buy meaningful qualities of bitTSLA?" At this pace of bitAsset development, maybe it will take 10+ years. How can I motivate people to short TSLA stock faster than that? The answer is probably to pay them.

My idea is that there should be negative yield. Let bidders offer a yield to encourage people to short-sell assets into existence. So if I want to buy TSLA and there's no one selling TSLA, I put in a bid for 10 shares with -10% interest at the feed price. Some of my BTS is locked up as collateral to pay the interest. I pay an annualized 10% per year but I think TSLA is going to double this year I don't mind.

Without a negative yield, I need to wait for someone who is bearish on TSLA:BTS to come along. By offering 10% annualized interest (which is normal on Bitfinex and other lending platforms during times of low liquidity), I can attract many more people to offer TSLA.

You may be wondering "Why would someone pay 10% to own bitTSLA when they can buy TSLA from an online broker?" I can think of a few examples:

1) A Chinese investor cannot easily buy TSLA so he will pay 10% per year to easily access it through BTS for a short-term trade.
2) A TSLA insider knows of good news that will soon be released, but will get caught insider trading if he or any of his family/friends trades on that information. Trade it on BTS and the SEC won't know.
3) Avoid capital gains taxes.

some of the dependencies aren't installing for me. i'm just going to give up for now. when i load it in Wine, the bitshares screen comes up and then there is a bug report, so i sent those in as well.

I'll be happy to start buying bitSILVER and bitGOLD and doing other trades when I have more money to invest. 2014 was not good for my crypto-portfolio. I think we'll see more bitshares users using the platform when we have more money and need to diversify (i.e. not now).

Bitfinex