Take refuge in bitSILVER

[matt608]

Stan, I love the physical silver idea, but I really think it should be done without a new MPA. Adding yet another bitasset is going to make it even more difficult to get bitsilver liquid. Over time physical silver will be traded for bitsilver with a fee added to every trade (for storage and margin), and it will be this exchange rate of physical silver to bitsilver that will be measured by delegates in the long run - not the price of paper silver to USD and USD to BTS as it currently is - so bitsilver owners will not be affected if paper silver decouples from physical after BTS has been properly established.

Yes, we just discussed that in our marketing meeting today and reached the same conclusions.  Let it evolve to what the market demands.

Looking forward seeing what becomes of this...

[d5000]

Sorry for slightly being OT: Is there a complete and updated (real-time?) list of all market-pegged assets available on the web?

I have found only a list in the Bitshares wiki, but it seems pretty short.

Personally, I would enjoy some "real-worldish" assets, like "BitSoybeans" or "BitRice". Is there something of this kind planned? I imagine it's a bit more complex than gold and silver as you have to select a specific market (Chicago?).

[Bisha]

Sorry for slightly being OT: Is there a complete and updated (real-time?) list of all market-pegged assets available on the web?

I have found only a list in the Bitshares wiki, but it seems pretty short.

Personally, I would enjoy some "real-worldish" assets, like "BitSoybeans" or "BitRice". Is there something of this kind planned? I imagine it's a bit more complex than gold and silver as you have to select a specific market (Chicago?).

here: https://bitsharesblocks.com/assets/market

[StanLarimer]

Well!  It looks like it's going to happen!

Cryptosmith just announced an off-ramp from BitSilver to physical silver.

https://bitsharestalk.org/index.php?topic=14266.msg185581#msg185581

By accepting BitSilver they can lock in your price in ten seconds - none of this "wire the money to us first and then wait days to see what the price is when your wire gets here."

I guess it's just starting development of the site, but they are certainly aiming big. 
Look at this list of countries they plan to ship physical silver to:

Australia
Austria
Belgium
Canada
Denmark
Finland
France
Germany
Hong Kong SAR China
Iceland
Ireland
Isle of Man
Israel
Japan
Luxembourg
Mexico
Netherlands
New Zealand
Norway
Portugal
Romania
Singapore
South Africa
South Korea
Spain
Sweden
Switzerland
Thailand
United Kingdom
United States
Vatican city

[d5000]

here: https://bitsharesblocks.com/assets/market

Thanks! With OIL, GAS and DIESEL I see there are already "real-worldish" assets present. Although it seems they is no active trading with them. Will look inside the bitshares forum a bit to know these assets' state.

[matt608]

BitSilver market cap has grown to, you guessed it, over $9000 today.



https://bitsharesblocks.com/assets/market