Author Topic: Huge Opportunity for Bitshares  (Read 1308 times)

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Offline toknormal

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Huge Opportunity for Bitshares
« on: April 23, 2017, 08:48:24 pm »

I'm amazed that there does not appear to be more pro-active engagement and "amber alert" in the Bitshares community at the current state of the altcoin market.

The clamour for blockchain-based pegged currency tokens is becoming the next elephant in the room as exchange-based fiat gateways get increasingly crisis-ridden.

Traders want to trade against national currencies and to take profits in them. Commercial vendors want to accept blockchain payments but denominated in national currencies. Exchanges want to host fiat pairs...you name it.

Yet there is a huge problem here. Any direct interaction with banks is toxic and subject to all kinds of regulator red tape, not to mention trust-issues. Until now, Tether has been filling the gap. But it's not a true blockchain token with intrinsict value, it's just a trusted service backed by real fiat and that fiat-gateway toxicity is now starting to infect that asset with all kinds of knock-on integrity issues.

What's needed is a true blockchain-based fiat proxy with an economic peg and the demand for liquidity is rising. Thether's doing $17 million in volume PER DAY.

Why can bit assets not meet his liquidity demand ?


Offline pawnuts

Re: Huge Opportunity for Bitshares
« Reply #1 on: April 24, 2017, 03:46:48 am »

I'm amazed that there does not appear to be more pro-active engagement and "amber alert" in the Bitshares community at the current state of the altcoin market.

The clamour for blockchain-based pegged currency tokens is becoming the next elephant in the room as exchange-based fiat gateways get increasingly crisis-ridden.

Traders want to trade against national currencies and to take profits in them. Commercial vendors want to accept blockchain payments but denominated in national currencies. Exchanges want to host fiat pairs...you name it.

Yet there is a huge problem here. Any direct interaction with banks is toxic and subject to all kinds of regulator red tape, not to mention trust-issues. Until now, Tether has been filling the gap. But it's not a true blockchain token with intrinsict value, it's just a trusted service backed by real fiat and that fiat-gateway toxicity is now starting to infect that asset with all kinds of knock-on integrity issues.

What's needed is a true blockchain-based fiat proxy with an economic peg and the demand for liquidity is rising. Thether's doing $17 million in volume PER DAY.

Why can bit assets not meet his liquidity demand ?
Afaik the bitshares network can meet this demand, it's just people don't currently use it. Be patient. Regulation will come, centralized exchanges will shut down and all the new crypto traders will migrate to places they can operate anonamouly - the DEX

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Offline nomoreheroes7

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Re: Huge Opportunity for Bitshares
« Reply #2 on: April 24, 2017, 12:59:36 pm »
I agree that this is important, and I'm pretty sure BTS is more than capable of handling the demand. Liquidity has been improving steadily for a while now, and the more people that use BTS = even more liquidity.

But how to get more people to use it......?  Is the question we've been trying to solve for a while now.

I feel we may (finally) be close to finding our "market fit":

« Last Edit: April 24, 2017, 01:04:27 pm by nomoreheroes7 »

Offline Tuck Fheman

Re: Huge Opportunity for Bitshares
« Reply #3 on: April 24, 2017, 04:08:45 pm »
Afaik the bitshares network can meet this demand, it's just people don't currently use it. Be patient. Regulation will come, centralized exchanges will shut down and all the new crypto traders will migrate to places they can operate anonamouly - the DEX

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