For now merchants accepting bitUSD need be already motivated to stay in crypto AND want the value stability of USD. Merchants all over are already accepting BTC and converting to USD so unless they have a reason not to want to hold fiat, bitUSD won't likely appear to hold much extra value proposition than their current setup.
This is the extra value proposition:
https://bitsharestalk.org/index.php?topic=10046.0
It's not a very good one until there is enough widespread confidence in the currency. 5% (or whatever) interest is great, but not if you have to hold some currency you don't understand and nobody else is using or talking about.
Yeah but the confidence required for each target market is different
- The alt-coin market demographic is comfortable with the tech and risks involved so may jump at 5% yield.
- Argentinians with huge inflation may even jump at something stable with BTSX features for no yield.
- I think BitAssets could be huge for merchants if it's sold to them properly because they work on tight margins and BitUSD has a few other benefits too.
- Meanwhile you could offer regular consumers 10% or baby boomers 15% and many may still not touch it as they are not tech savvy enough to understand new technology and they have a low risk tolerance.
Of course external events come into play too, in the event of global bank deposit confiscations then baby boomers may suddenly be willing to pay yield for the benefit BitAssets provide
(Think Cyprus + Bitcoin)
Of course I still have my crazy theory...
I have a crazy theory that suggests the world financial markets could be capitulating circa Oct 20th. Whenever it happens the flight to safety capital that BTSX and BitAsset commodities in particular could absorb if they were ready, is super massive.
Of course it's incredibly unlikely but if that happened Bitcoin would probably benefit more in the near term as we're not established yet.