Why Steem might actually make sense as a Smartcoin
bitshares·@jonnybitcoin·
0.000 HBDWhy Steem might actually make sense as a Smartcoin
http://i.imgur.com/LR5YwbS.png I'm going to assume you already understand how bts smartcoins work in this post. AKA bitassets AKA MPAs I think creating BitSteem would make alot of sense as a smartcoin. Firstly because of the natural synergys between the bitshares and steemit users but more importantly this would be a bit asset that many people would actually want to short. - Whales with vested SP might want to hedge their large positions by shorting steem. - Someone who wanted to power down their SP over 2 years could be guaranteed a fixed payout if shorted correctly - When people call Steem a scam you can suggest they put their money where their mouth is and short it. The issue with BitUSD, BitGold, etc is it is only created when theres a trader willing to short it into existence so the supply has been limited so far. I think there would be a good supply and decent liquidity of BitSteem because of an appetite to short from traders.
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