I've created a non-trivial amount of HERO via borrowing on the DEX, it is an interesting experience.
Here is how this contest can make people very wealthy:
Buy BTS
Borrow HERO using BTS as collateral
Sell HERO for BTS at today's price
Wait for BTS to go up in value due to HERO contest
Buy HERO back for less than you sold it for
Return borrowed HERO to the DEX
My question is: what happens when the contest ends and everyone cashes out by returning their borrowed HERO?
By the time the prizes are awarded we will have global adoption and the incentives for using HEROs will be well understood. BitShares will also be highly profitable and taking those profits out of circulation and back into the reserve pool. This reduces supply just like the campaign is intended to do. Escape velocity will have been achieved and we will be on our way to the stars.
Interesting - after escape velocity has been achieved BTS + HERO could be a paradigm shift for wealth creation and preservation on a global scale.
When you are young, hold 80% BTS and 20% HERO. As you age shift the portfolio to more HERO and less BTS. Retire and live off of stable HERO income.
The implications are enough to reshape the entire world. That is not a joke.
Godspeed!
Hey John can you do a post and show how to do that step by step for us novices?
Sounds like you know what you are doing. By the way was it your bot that got you first to comment on Stan's post? (you said it in the video)
Great post Stan. I just finished your video where you were at the CRS production. It is truely mind boggling all the different possibilities you have presented. So much so its overwhelming. What a perfect storm in history we have for a financial revolution.
Its not July 4 yet, so if you had small amount to catch the wave before it started, would buy BTS or the Hero?
I'm too excited to try and think and figure it all out. This blows my mind!
I'm new here on steemit, (discovered it by Matt Trainer) and just getting started. This is going to be a wild ride!
I look forward to more from you, I'm following you.
The Hero is very conservative an gains 5% agains the dollar annually.
BTS is very volatile and can go up or down in big sudden swings.
We are trying to make it go up by a factor of 1000x in the coming year.
Judge for yourself whether our Billion Hero Challenge will help do that.
So how is that going?
I just wrote a quote for you john, and it goes like this Roses are red, violets are blue , you just earned a follower, hope i did too. Please upvote this so i can earn my first 10 dollars
Here you go. :)
Omfg did i acctualy earned 20dollar!?
This is a novel idea given that you will still be able to keep BTS shares. Brilliant!
Yes, it is an absolutely game changing strategy that will allow millions of people to create independent wealth
Also keep in mind that they can't cash out their collateral until someone sells HEROs back to them. The only way it could all be rapidly dumped is if people were holding both sides of their short positions. If we actually get real adoption by long term HERO holders, then it will be a large market cap market but there won't be enough HERO liquidity for everyone to destroy their HEROs at once. If that happens people shouldn't all want to sell at once, either, because it will be a healthy and growing market that provides real utility.
If somehow a few people shorted HEROs to themselves while pumping the reported BitShares price up to the target price with fake volume somehow and won the prize, they could all then dump their collateral and crash the price.
https://steemit.com/food/@jonuzi/delicious-my-lunch-asian-food-in-curry-flavor
good ELI5 thanks
my story
It was just like a dream it came suddenly made everything precious and now its all gone. :( My Incomplete Life Story [ Lets called it a precious Moment rather than story ]
I am a medic student and I was Posted at Duty and there was a medic girl too posted on the same department. [ I don’t wanna mention which profession was she or me, just want you to know both related to medical field]. We used to do our duties, as she used to assist me while I do dressing and other works. While describing her she was pretty girl with big eyes, cute face and soft hairs, overall she was very beautiful. I always wished I should talk to her but we were doing lots of works and with duty and busy schedule it was not possible. As I ain’t very forward guy who can talk and make good impression on first talk but I was there hoping for a good moment.
Few Days after I had night duty and By luck or by Chance or lets say coincidence she was there too. We had to do our paper works at night and she was there making files and there I was making Report formats, suddenly with courage I looked at her and smile and she replied me back. Then my heart was nervous whether to utter a word or not and by pulling some courage I started asking her college name and her current years. Slowly we started talking it was around 11 pm at night and we almost had done with our works. Even after the work we talked with each other.Then I asked her Insta Id and she gave it and I add her there itself. :) At around midnight I went to ICU and She was busy with her work, It was How we met.
After few days I messaged her in Insta and it was time of Nepali new year and she replied with instant and there after we started chatting till midnight and I asked for her Number and few days after, she gave her number as well. Then we started talking in phones till midnight. Being in medical field I was too busy with my study and stuffs so I was never so close to a girl and now suddenly everything changed. I experienced most beautiful and most awesome moment of my life. It was all very sweet talking with her at late nights. We even managed to meet. As we met 3-4 times. She was 4 years junior to me and I used to call her Bachaa and everything was perfect to a limit [ at least for me ]
Few days ago I went to a Tourist spot nearby with my brothers and friends. We were there for party, we enjoyed, were drunk [as I always drink to a limit] and went to riverside and there I was drinking beer and looking above to the open sky and while observing stars she [ my bachaa ] suddenly came to my mind and I missed her so much so I thought of calling her and took my phone but to alas [ bad luck or may be Graha Dasha] my phone was off and Charger was in room. But I missed her soo much so I asked my Bro’s cell and called her 3 times but she did not picked it up.
With huge misses I went to room charged my phone and slept. Next morning [ at around 6:00 am] I called her and she said me that She had recieved called from a number 3 times at midnight last night and I just said ow is that so [ As I thought It isnot necessary to explain everything there itself I would explain her after reaching home]
After 2-3 hours I reached home and messaged her than there she stand with very angry messages and text. I asked her why was she soo angry than she replied me that I had given her numbers to others [ as she said she found out the person through viber ] and I said it was me, I missed her so I called her but she called me liar for not explaining everything in morning itself. And she used some harsh words and said me she damn care whether I missed her or not. Her words were so Harsh and said now we shouldnot talk any more and past 2 days we havenot talked or messaged. But this time for me it’s going soo hard, I remember her every time. She comes in my mind all the time. These 2 days, It have been so difficult for me.
I don’t know whether It was my mistake to not let her know or what. I just want her to know that I used to love her and I love her now too. But what you would suggest me in this? What I should have done or What I should do now? Hoping for Positive Responses rather than just making fun of it. As I have gone through it and tomorrow any body can go from this so help me how to deal with it properly.
Thanks in Advance.