BitShares' Target Market - We're not in the payment services business

[Akado]

At the core of Bitshares there is a FOREX of Smartcoins, and that is a payment service, in its own right. So somebody can do payments easily (if the peg was 1:1, and volume) of EUR to CNY at a fraction of a cost of what is now, without the risks that entitles the volatility of Bitcoin. So Businesses who trade globally can save millions. If Gateways of FIAT like Yunbi and CCDEK could take advantage of this by working together, who is their competitor? Transferwise.

So I agree the core of Bitshares is the exchange, but as mentioned before we cannot say we are not in the payment service business, we are its infrastructure. If not IDentabit will be then

Again, if FI want to reduce costs, they will most likely use Ripple and not BitShares. So we need to take in what makes us different and push it to the limit.

Of course Ripple is more into international payments stuff so we could get exchanges to work with us, but banks, bigger payment services, etc, they won't take BitShares over Ripple.

[betax]

At the core of Bitshares there is a FOREX of Smartcoins, and that is a payment service, in its own right. So somebody can do payments easily (if the peg was 1:1, and volume) of EUR to CNY at a fraction of a cost of what is now, without the risks that entitles the volatility of Bitcoin. So Businesses who trade globally can save millions. If Gateways of FIAT like Yunbi and CCDEK could take advantage of this by working together, who is their competitor? Transferwise.

So I agree the core of Bitshares is the exchange, but as mentioned before we cannot say we are not in the payment service business, we are its infrastructure. If not IDentabit will be then

[rgcrypto]

Guys, you created something that was not ever possible before in the history of man kind ,thats why it might be slightly difficult to promote it  because it will take some time for people to grasp what bitshares is and what it does. Personally when I look at bitshares I see one thing :

UNITED  GLOBAL BANK !  Which is owned by the participants .

UGB in short . And the gateways act as representatives of different branches. Lets not be too careful or too humble to express it , its time to reveal to the whole world , they do not need private banks any more !  İt is time to step on some toes , be controversial and attract some attention . Lets shout out some big claims .

I wish there was a way to reintroduce interest for those of  us that want to save outside of the banking system. Now that would be huge imo.

Baby steps my friend. I can't go out there and sell GLOBAL BANK to my family...because they don't even know why they need that. The people we can be most useful to right now are traders, exchanges and the sharing economy(ShareBits).

[mike623317]

Guys, you created something that was not ever possible before in the history of man kind ,thats why it might be slightly difficult to promote it  because it will take some time for people to grasp what bitshares is and what it does. Personally when I look at bitshares I see one thing :

UNITED  GLOBAL BANK !  Which is owned by the participants .

UGB in short . And the gateways act as representatives of different branches. Lets not be too careful or too humble to express it , its time to reveal to the whole world , they do not need private banks any more !  İt is time to step on some toes , be controversial and attract some attention . Lets shout out some big claims .

I wish there was a way to reintroduce interest for those of  us that want to save outside of the banking system. Now that would be huge imo.

[kenCode]

I dropped him a line, thanx Akado

[Akado]

Just saw this one :

BitShares SmartCoins Price-Stable Cryptocurrencies LIVE TRADING NEWS
http://www.livetradingnews.com/bitshares-smartcoins-price-stable-cryptocurrencies-124705.htm

This is a great article.  It really deserves its own thread.

It does indeed! 

Just saw this one :

BitShares SmartCoins Price-Stable Cryptocurrencies LIVE TRADING NEWS
http://www.livetradingnews.com/bitshares-smartcoins-price-stable-cryptocurrencies-124705.htm

ahah live trading news is actually using the referral program!  Just click on the "start trading today" and see the URL. Maybe they'll start promoting BTS as a way to fund themselves. We're also on the front page http://www.livetradingnews.com/

What's up with the bio of the writer!


Shayne Heffernan
Economist at HEFFX
Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.


We have these kind of people interested in BitShares? Sweet!

they can make as much money by pointing the link me or OL with no ref code ,as their account is not LTM

Didn't check that on the chain. Maybe they don't know about the lifetime membership stuff yet. Too bad. If someone has a twitter account @fav @kenCode you could provide some guidance https://twitter.com/ShayneHeffernan
https://twitter.com/Redroadmaster/status/667058636611387393

[tonyk]

Just saw this one :

BitShares SmartCoins Price-Stable Cryptocurrencies LIVE TRADING NEWS
http://www.livetradingnews.com/bitshares-smartcoins-price-stable-cryptocurrencies-124705.htm

ahah live trading news is actually using the referral program!  Just click on the "start trading today" and see the URL. Maybe they'll start promoting BTS as a way to fund themselves. We're also on the front page http://www.livetradingnews.com/

What's up with the bio of the writer!


Shayne Heffernan
Economist at HEFFX
Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.


We have these kind of people interested in BitShares? Sweet!

they can make as much money by pointing the link me or OL with no ref code ,as their account is not LTM

[merivercap]

Just saw this one :

BitShares SmartCoins Price-Stable Cryptocurrencies LIVE TRADING NEWS
http://www.livetradingnews.com/bitshares-smartcoins-price-stable-cryptocurrencies-124705.htm

This is a great article.  It really deserves its own thread.

[lil_jay890]

we need a forward thinking bank to become a liquidity provider and market maker.

I want that to happen, however, why would a bank use BitShares instead of Ripple or R3? I'm more under the impression the bank in talks with CNX is just seeking knowledge/advice about Blockchain and not actually wanting to use us... But that's just me, of course I know anything since CNX can't disclose any info.

The bank thing is far in the future... but a bank market making in bitshares is far different than transferring funds via ripple.

Banks and other FI are also going to be market makers in Ripple if I'm not mistaken. Why would a bank prefer doing that here over Ripple? They have more volume, contacts, more FIs, etc

I don't want to distract from my main point of what we need to become an exchange... Take a look at an exchange like Nadex, that's how we need a bank to market make in bitshares.

[Akado]

we need a forward thinking bank to become a liquidity provider and market maker.

I want that to happen, however, why would a bank use BitShares instead of Ripple or R3? I'm more under the impression the bank in talks with CNX is just seeking knowledge/advice about Blockchain and not actually wanting to use us... But that's just me, of course I know anything since CNX can't disclose any info.

The bank thing is far in the future... but a bank market making in bitshares is far different than transferring funds via ripple.

Banks and other FI are also going to be market makers in Ripple if I'm not mistaken. Why would a bank prefer doing that here over Ripple? They have more volume, contacts, more FIs, etc

[lil_jay890]

we need a forward thinking bank to become a liquidity provider and market maker.

I want that to happen, however, why would a bank use BitShares instead of Ripple or R3? I'm more under the impression the bank in talks with CNX is just seeking knowledge/advice about Blockchain and not actually wanting to use us... But that's just me, of course I know anything since CNX can't disclose any info.

The bank thing is far in the future... but a bank market making in bitshares is far different than transferring funds via ripple.

[Akado]

Just saw this one :

BitShares SmartCoins Price-Stable Cryptocurrencies LIVE TRADING NEWS
http://www.livetradingnews.com/bitshares-smartcoins-price-stable-cryptocurrencies-124705.htm

ahah live trading news is actually using the referral program!  Just click on the "start trading today" and see the URL. Maybe they'll start promoting BTS as a way to fund themselves. We're also on the front page http://www.livetradingnews.com/

What's up with the bio of the writer

Shayne Heffernan
Economist at HEFFX
Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

We have these kind of people interested in BitShares? Sweet! @fuzzy just for reference in case you feel it would be worth a mumble.  https://twitter.com/ShayneHeffernan

[bitacer]

Just saw this one :

BitShares SmartCoins Price-Stable Cryptocurrencies LIVE TRADING NEWS
http://www.livetradingnews.com/bitshares-smartcoins-price-stable-cryptocurrencies-124705.htm

[Akado]

we need a forward thinking bank to become a liquidity provider and market maker.

I want that to happen, however, why would a bank use BitShares instead of Ripple or R3? I'm more under the impression the bank in talks with CNX is just seeking knowledge/advice about Blockchain and not actually wanting to use us... But that's just me, of course I know anything since CNX can't disclose any info.

[lil_jay890]

1. We need the order fee's to be adjusted for trading
2. We need the referrals to be added for trading fee's
3. We need the API to updated so that 3rd party trading platforms can Access accounts and trading bots can be developed

This should increase our liquidity enough to be competitive with poloniex.  That should increase our market cap significantly.  If we want to take the next step, we need a forward thinking bank to become a liquidity provider and market maker.

So far the above sounds like it is on CNX's priority list.  If they stay focused on it we will be to the moon in no time.  If they get distracted with trying to be a payment company... we're screwed.