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RE: Bitshares - A Lambo Parked in a Farm Barn

in #bitshares7 years ago

Ledger support is being worked on, which will take care of HW wallets.
The UI does need a LOT of polish though.
Increasing the number of bitAssets requires users to create liquidity in those markets. The same goes for listing more coins via OpenLedger - lets get some liquidity going in the existing markets first.
We don't even necessarily need BTS listed on lots of exchanges. We need exchanges to list bitUSD/bitCNY/HERO. If traders use bitUSD/bitCNY as a safe haven in times of uncertainty, they will drive demand for BTS without ever having to buy any themselves.

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Thanks ashaman. I slightly disagree that we should not list BTS on other exchanges and only worry about listing bitUSD/bitCNY/HERO.. These are just bitassets derived by the BTS which is the "core". The core is what really carry the value.. and how it would be when more Bitassets are created? Would we need to have all them listed on these other exchanges too? Well, there is no right or wrong.. I appreciate your perspective and respect that too.. ;)

I didn't say that we shouldn't get BTS listed on exchanges, only that getting price stable SmartCoins listed is more important. bitAssets are created when holders of BTS borrow them into existence. If there is a demand for a bitAsset on an exchange, its price will rise relative to BTS on that exchange, creating an arbitrage opportunity that can be exploited by satisfying the demand. Every bitUSD or bitCNY is at a minimum $1.75 of BTS removed from circulation because it is locked in a smart contract. Every HERO is 2 HERO worth of BTS removed from circulation. Demand for bitAssets will increase the scarcity of BTS twice as fast demand for BTS itself would.