Author Topic: Asset flipping  (Read 215 times)

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Offline runestone

Asset flipping
« on: January 15, 2020, 04:39:36 pm »
Dear BitShares community,

I've noticed that some users are attempting to try their luck with "asset flipping" (similar to domain flipping) - or at least it seems like it. Take for example: https://wallet.bitshares.org/#/account/blokzinciri.org who registered multiple "core assets" such as https://wallet.bitshares.org/#/asset/WEALTH but never use it for anything.

In my opinion this can become a problem for BitShares because someone could simply acquire a lot of "core assets" and wait for someone to buy it for a high premium. This could potentially scare organizations away from creating new gateways if they cannot get the "core assets" they are looking for.

Obviously, its first-come-first-serve just like when you buy a traditional web domain such as .net .com etc. but I think BitShares could benefit from preventing excessive "core asset" registration by for example:
1) increase the costs of creating new "core assets"
2) add a yearly fee to hold a "core asset"
3) require a certain volume of transactions between the "core asset" and (BTS, bitUSD...)

These are just examples. Please let me know what you think...? Also I would like to know how I can make this an official proposal to the BitShares Community - who should I contact?
Br, Rune
~ Please vote on blockbasis-witness
~ https://www.blockbasis.com

Offline sschiessl

Re: Asset flipping
« Reply #1 on: January 15, 2020, 07:07:13 pm »
Have a look at the BSIP repository, and its guideline. Feel free to reach out to me in telegram @sschiessl I can help and/or point you in the right direction.