Turning the page on fees - We need yield back!

[rgcrypto]

I think it is extremely important that we get lending functional. I see there being to solutions to borrowing assets. If you want to borrow an asset you can put up the 2X collateral and short it into existance or you can put half the collateral and pay a fee to the lender that puts up the other half of the collateral. I would be a hybrid of the current model and the previous model. It will also be important that the lending feature can be done for any asset.

Agreed. I wish I could park my money in bitusd right now and get a return like we use to.

[clout]

I think it is extremely important that we get lending functional. I see there being to solutions to borrowing assets. If you want to borrow an asset you can put up the 2X collateral and short it into existance or you can put half the collateral and pay a fee to the lender that puts up the other half of the collateral. I would be a hybrid of the current model and the previous model. It will also be important that the lending feature can be done for any asset.

[rgcrypto]

1,The general people do not know what about burning fees, they are only worry about the value of the BTS.

2, Nowadays the fee looks like high, because the value of the BTS is low. If a BTS was $2, none thought that the fee was high.

3, the rise in value of the BTS is a key to solve all problems at present.

In my opinion, the price of BTS is an effect, not a cause.

[BTS007]

1,The general people do not know what about burning fees, they are only worry about the value of the BTS.

2, Nowadays the fee looks like high, because the value of the BTS is low. If a BTS was $2, none thought that the fee was high.

3, the rise in value of the BTS is a key to solve all problems at present.

[rgcrypto]

This is just the biggest marketing tool BItShares could ever have...

Agreed. Yield or referral fees; either one would drive massive business toward BitShares.

Think about the exchanges. They could announce a % of their cold wallets is going for this and earn their costumers with a % of yield per month. This would be huge.

A bitcoin exchange giving interest on bitcoin, everyone would go nuts. and it would be a transparent process since people can audit the exchange on our blockchain.

@ccedk - If you do this, I might quit my job and put all my money on ads ;-)

[Akado]

This is just the biggest marketing tool BItShares could ever have...

Agreed. Yield or referral fees; either one would drive massive business toward BitShares.

Think about the exchanges. They could announce a % of their cold wallets is going for this and earn their costumers with a % of yield per month. This would be huge.

A bitcoin exchange giving interest on bitcoin, everyone would go nuts. and it would be a transparent process since people can audit the exchange on our blockchain.

[Akado]

Is this something that is already part of the road-map?
Collateralized Bond Market
https://bitshares.org/technology/collateralized-bond-market/

It has a (coming soon) label on it at the end of the description. I've been through that page a few times, inclusive today but atm I can't recall if that was already there or I just can't remember lol. This is something we've been talking about lately but I've never heard of when this is going to be planned. CNX still has that list of proposals to do if they get approved first (I cant remember how long it will take) so I guess it's something we should only expect after they're done with those proposals..

[donkeypong]

This is just the biggest marketing tool BItShares could ever have...

Agreed. Yield or referral fees; either one would drive massive business toward BitShares.

[jakub]

Is this something that is already part of the road-map?
Collateralized Bond Market
https://bitshares.org/technology/collateralized-bond-market/

[Akado]

So lately we've been discussing fees a lot. I feel most of the arguments were already said, it's up to people to decide what's best for BitShares.

What I would like to be discussed here is yield/interest. That was - I believe - the key feature that got so much people into BitShares at the beggining. The opportunity of earning free money. Will anyone resist that? What do people do when the markets are just to messed up for them to go in at that point? They get on the ''sidelines'', watch and wait.

What if people could just earn money without having to trade while having their money safe? I'm pretty sure a lot of people would be interest in that. Think the whales that could park their wealth on BitShares earning interest.

I always felt that was the key feature BitShares provided along with stable cryptocurrencies, however with time, we lost it and forgot about it. This post inspired me to start this discussion.

A lot of people don't get it. WIthout interest, without dividends, without yield, Bitshares 2.0 will not be as feature complete as 1.0. We took a step backwards here. Large holders will hold until they find a better opportunity, and there will be plenty going into the future so I don't see these prices in Bitshares holding up unless you keep the whales interested.

Whales chase yield, dividends, interest, and Bitshares at this time offers none of that. The economics of Bitshares 2.0 are wrong and it wont be fixed by fiddling around with the fees. The argument made to switch from Proof of Work to Proof of Stake was no dilution and we still ended up with dilution (the worst part of Proof of Work). The argument was that Bitshares would be profitable, the argument was that burning fees would be promoted and that there would be 5% interest, dividends.

I mean, people could even hate BitShares from the bottom of their hearts but the opportunity of making money while sitting on the sidelines, dont you think they would eventually come? People don't resist 'free money'.

What could we do to have this back? I guess we can't take interest from the fees we generate otherwise the referral program would go to waste, specially since people want to get them lower... Is the bond market really only the opportunity we will ever get to make this again? This is just the biggest marketing tool BItShares could ever have...