Upcoming WP for creating easy to use liquidity bots. Feedback please!

[pc]

Whenever I read promises like these

Someone tells you that there is a way to increase the value of your coin and simultaneously accumulate more of it. An easy way. You can just stake your coins and get a passive income. Like you can have your own masternode with as little as $1. You might earn 0.01% per day, or 10%. Depends on the day. And you don't even take the value from someone else.

a klaxon goes off  in my head and a big red sign reading "SCAMMER" lights up.

You cannot write a bot that trades with a guaranteed profit.

[MarkoPaasila]

Imagine you held some cryptocurrency. Someone tells you that there is a way to increase the value of your coin and simultaneously accumulate more of it. An easy way. You can just stake your coins and get a passive income. Like you can have your own masternode with as little as $1. You might earn 0.01% per day, or 10%. Depends on the day. And you don't even take the value from someone else. No, you increase the value of the whole.

It sounds good doesn't it? That's the appeal of passive income. It's incredibly powerful. That's what we intend to do for Bitshares.

We will make a Worker Proposal about making liquidity bot software. There already are some alternatives, but we will provide:

User Friendly, Appealing Liquidity Bot software Free for Anyone to Use on BitShares.

When our work is done, people will find an easy to use liquidity bot with several liquidity providing strategies optimized for BitShares. The software will be especially tailored for the average user, for who anything complicated is an insurmountable obstacle. The goal is that every single user can benefit from the bot, and hence, benefit Bitshares.

Solve the Chicken-Egg Problem of Liquidity and Volume

Most people simply hold their coins in a wallet. When they need to exchange for something else, they look for a liquid market. On the other hand, when liquidity providers choose a market, they look for an active one. This is a chicken-egg problem.

Once our work is done, people who would otherwise just hold their coins, will have the road paved for them to provide liquidity in any market. Once people start trading in the new markets, the liquidity providers will earn the spreads. This will help bootstrap lots of new markets.

Improve the Liquidity of Existing Markets

All the markets on Bitshares are incredibly shallow compared to many centralized exchanges. This situation will gradually improve, but with lots of new liquidity providers things will speed up. Time is money.

Better than Letting Your Coins Rust - Passive Income

With most coins out there you can't do anything. They just lie idle in peoples wallets. With a way to make your money work for you, would you not do just that? With user friendly software anyone can put any currency to work. Compounding profits is an incredibly powerful force. We think this possibility will make Bitshares as an exchange very appealing first of all to BTS holders, but also to holders of other coins. Finally Bitshares will have what DASH and many other blockchains have; a way to stake your assets and get a passive income. Even a small income has proven to be a powerful incentive for "staking". People also don't even have to touch BTS, BTC or Fiat. They can earn a passive income of their currency of choice!

Many will wonder if providing liquidity actually yields any profit. Of course this is a very complex subject, but in general you can think of liquidity providing as the opposite of paying a premium. If you want to buy now for whatever price is available, you pay for the privilege. The ones who benefit are the ones providing liquidity. They buy low and sell high. Constantly. Many community members in Bitshares are providing liquidity to the markets, and making some nice profit. Check out the Bitshares Liquidity Group in Telegram. https://t.me/DEXLIQUIDITYBTS

Lots and Lots of Benefits to the Community

• There will be a greater demand for Lifetime Memberships - and referral income
• The extra excitement about BitShares
• Proponents of other cryptocurrencies will be incentivized to provide liquidity on BitShares, while benefiting all three; BitShares, the other cryptocurrency, and the person himself
• Market Depth Charts will look much better, improving the user experience and encouraging trading on BitShares
• Simply more transactions - activity
• Holders will have the incentive to migrate to BitShares from other centralized exchanges
• More people will be exposed to the actual Bitshares, not just BTS. This could result in more voting activity, more word-of-mouth, a more positive sentiment about Bitshares.
• More people will put their BTS on the markets or short MPA's; effectively reducing the BTS supply
• We will have attracted new developers who have become familiar with Bitshares and able to contribute more in the future
• We will better support businesses building on Bitshares, like Bitspark
• The combined effect of all the above might start a snowball-effect, providing the final push over the tipping point

We intend to start working in January.

Please Contribute and Give Your Opinions

This will be a Worker Proposal, and we want community input in order to get it right. After all, the community as a whole should benefit from this more than any individual.

The WP draft is on Google Docs. Feel free to comment and make changes. We will review them. https://docs.google.com/document/d/1z2rMlMiMufHdZEirc8x9lKuqSHvLAsVDOYK3xr4AfYE/edit?usp=sharing

There is also a Telegram group dedicated to this WP. https://t.me/BTSLiquidityBotWorkerProposal