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RE: Proposal to reward bitassets holders with interest!

in #bitshares8 years ago

It's worth discussing, but I was also going to mention that interest should be based on lending and the natural rate of interest should be left to the free market and based on the demand for capital & loans. Having any committee that acts to set interest rates as the Federal Reserve does will have unintended consequences. Having people hold bitAssets probably won't help as much as having bitAssets circulate as currency or 'checkbook money'. We really need more people to create bitAssets, trade it for real dollars with a fee so people can circulate it as digital cash. BTW @mf-tzo I'm planning to issue a BSIP to have our bitCash Smartcoins custodied by the committee. Hope you can support that. Thx!

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