New Marketing Meme... +5%

[clout]

Wait so where do the dividends come from and where does the interest come from? How can there be dividends if there arent fees? Or am I missing something?

[bytemaster]

Network will have dividends.  Just not interest.


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[clout]

I don't see where the concern lies... it doesn't sound like anything is falling apart. It seems there will be three iterations of the software, with each subsequent iteration becoming more complex. A network with no dividends is still a perfectly good network, and it would behoove i3 to move as quickly as possible to release bitshares x in order to be the first in the market.

[bitbro]

Is everything falling apart right now?


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[clout]

Diversification is key, so they will be launched in simplest form first and move toward most complex.

0% requires no new code and is done today.
5% requires some tricky new code...
Variable % requires some very tricky new code...

So we will release them as we make progress.

This has rather serious implications. Wouldn't it be possible and advisable to reassign most productive capacity to Keyhotee development and release while this is mulled over in the forum?

?

[onceuponatime]

Diversification is key, so they will be launched in simplest form first and move toward most complex.

0% requires no new code and is done today.
5% requires some tricky new code...
Variable % requires some very tricky new code...

So we will release them as we make progress.

This has rather serious implications. Wouldn't it be possible and advisable to reassign most productive capacity to Keyhotee development and release while this is mulled over in the forum?

[santaclause102]

Diversification is key, so they will be launched in simplest form first and move toward most complex.

0% requires no new code and is done today.
5% requires some tricky new code...
Variable % requires some very tricky new code...

So we will release them as we make progress.

Would those changes require a new chain each or can the then old chain be patched?

[solaaire]

Thanks for the update and explanation, as always

[clout]

Sounds great!

[bytemaster]

Diversification is key, so they will be launched in simplest form first and move toward most complex.

0% requires no new code and is done today.
5% requires some tricky new code...
Variable % requires some very tricky new code...

So we will release them as we make progress.

[clout]

I was thinking about this also, especially from the perspective of Warren Buffett, who believes that a company should not pay dividends since that suggest the company does not know how to reinvest excess capital back into the company. Within the bitshares network, obviously the dividend system is a little different than one would find when investing in a traditional company in the stock market, but I think that Buffett's sentiment holds true in this instance as well. The idea, while good for early adoption, disrupts the stability of prices on the exchange. If bitshares were to continue with then those dividends would serve as excess profits for the stake holders in the network, rather than a "reinvestment" in the network in order to stabilize prices on the exchange. While getting rid of may be an immediate sacrifice this course of action would  further bolster the utility of the network, which serves to stabilize prices, thereby demonstrating that crypto currencies can be a means of storing value as well as a great medium of exchange.

As Buffett has shown through his own management of Berkshire, if a company reinvests the capital that they would have otherwise wasted in dividends shareholders will profit even more due to rising share prices. I think the same can be said of bitshares. If this network does provide derivative assets that maintain stable prices more people will begin to use it, consequently making bts appreciate in value.

With all that being said, you never really know...Perhaps is a good idea. Why not put out three different test nets (if thats not too much excess work). One with , one with +0% and another with floating interest rates. I don't think you can accurately predict which will be the best construction at this point in time. I have seen you say that +0% was not good in the past, or at least prone to the same inefficiencies as pegging the interest rate to .

Not sure if all of these networks would be feasible to implement in a reasonable amount of time, but I think diversification may be the best solution.

[bytemaster]

What was the reason you gave before about how we need interest to make shorting more different from just selling?

It seemed to make sense to me at the time that if you borrow the asset into existence that you should pay interest.  But I think that metaphor may have lead us down the wrong path.

[toast]

What was the reason you gave before about how we need interest to make shorting more different from just selling?

[bytemaster]

to be honest i dont realy think, this is such a great idea and to many people would start using this. i have no idea of marketing and stuff like that though.

 

to your

The thing I love about this forum is that a lot of great minds come together and push us toward improving everything.   After debates on whether or not BitAssets even need interest I have concluded that they do not and that any interest will serve as a 'constant' offset in price.   Implementing interest will take extra time that I am sure someone will experiment with after the initial release.   

So given the fact that markets will find a way of undoing my 5% interest by adjusting prices elsewhere and the risk is so low due to collateral it seems best to simplify everything and just use 0% interest.   BitUSD will be on par with cash in your pocket or a gold coin in your hand.  You hold it because you want price stability not for its yield.

So I will ask Amazon to remove the meme and replace the with old school + 1 so that we can avoid confusion. 

This means this marketing meme is now over despite being very good and catchy.  It also seems to draw negative attention and scam accusations.

I do think it would be a fun experiment to implement interest in a chain, but at this point time getting something on the market with value is probably best.

[HackFisher]