RE: bitusd and tether and bitshares potential market cap
I will start describing some ways a whale could benefit from bitshares (many thanks to @Stan from the bitshares community to inspire me with his post). Please let's hear others as well who can describe it better and more simply.
An investor with a lot of money to invest can provide:
Marketing, Trust,Demand, Liquidity, Growth and buying pressure by shrinking the supply
Some steps that the whale investor can do to benefit:
- Pay for Marketing
- Pay BTS workers so dilution remains zero
- Buy up BTS, lock them or burn them
- Fund an interest-paying asset to attract more users.
- Fund market-making activities to give BitShares depth and liquidity.
How can a centralized exchange benefit from bitshares?
Since most of the supply anyway are in their hands, centralized exchanges could lock a lot of bts (they keep them in their cold storage anyway) to create a lot of bitusd and other bitassets whereby they could sell these bitassets to their users at a premium (1%-5%). At the same time, they provide liquidity, confidence in the ecosystem from the creation of bitassets and bitshares trading and value will undoubtedly rise. Centralized exchanges will benefit from trading fees from the increased trading and from the bitasset premium that they will charge. It would be like the current system where current banks use the savings of the depositors for investments. The difference is that current banks only hold a minuscule portion of the actual depositors savings so in case of a bank run they will most likely be in serious problem and won't allow the depositors to withdraw their funds (capital controls). On the other side, centralized cryptocurrency exchanges such as Poloniex, BTC38 will use the depositors funds (bitshares) to create bitassets by holding 200%-300% collateral in bts value. All this is fully transparent on the blockchain. The bank run will be unlikely..
Please share your thoughts and once many opinions and thoughts are gathered we can create a simple 2-5 pages presentation that we can hand out to potential whales.