On The Importance of Bit.GOLD

[armin]

whats wrong with them

EDIT: If you're talking about the feed price, we haven't actually had much problems with the new feeding rule. It hasn't changed much. Bitshares is still the same rank on CMC, and we haven't seen a black swan yet. Margin calls are also being eaten

[binggo]

First, we need to improve the rule of the bitassets.

[armin]

Fiat currencies are constantly depreciating, most prominent being CNY or USD on this exchange. Gold has been used as a store of value for hundreds+ years. It is almost always better to store your fiat in gold than fiat itself, since gold has shown that it doesn't lose its purchasing power.

Famous quote: "Gold will store its value, and you'll always be able to buy more food with your gold."

We need to boost the Bit.GOLD market volume and liquidity, it actually almost never makes sense to store in fiat bitassets (unless gold is in a massive bubble). This is very important for traders who need liquidity in a bear market.

Thoughts?