OK.. so the real point of this posting is below, but let me set this up:
In a previous article I wrote about the lack of parity between the Bitshares DEX and the outside world.
Lack of Adoption has created many situations where the DEX is an Island with a completely different set of values. That might seem extreme, but think about it.
Every trade has to be thought through with a scaling calculation.
Example. BTC is trading on the major exchanges for $10,000. On the DEX, OpenBTC is priced at $9,500, a full 5% below value. BTS is also under market price, by .. hm.. 5%. Then you go to the BTC pairs and while scanning the list you see that LTC price to bitcoin is at parity with the market.
I don't know how you react, but I get this Sherlock Holmes moment and immediately try to take advantage. I can buy Litecoin with BTC at one to one parity in an eco system that values everything else at 5% less.
So I deposit BTC, turn it into LTC and buy 5% more than I could have bought off the Island. Plus, when I send my litecoin off the Island, I get market price. Win!
DEVELOPERS! HERE'S THE POINT:
What if we let all Bitshares users in on the secret!?! What if we give the user the tools of ARBITRAGE!
Build it into the interface! Under each trading pair, add a column or two that can display the price of each asset with Binance, or Coinbase, or Poloniex prices, right next to the DEX prices? Give them a running average above or below market parity. Better yet, give them an average price OFF the Island of the DEX.
Bitshares is an Island, but we live in a global information mecca. Give the Bitshares DEX traders the information they need to make any lack of parity work for them.. Give the advantage of all the information on the Bitshares DEX. Give each asset a column that calculates the parity difference right next to the price.
Take what is a shrewd trading technique, and give it to the masses.
And THE MASSES WILL COME
Two things will happen:
Parity will be achieved. Every time there is a opportunity to make money, people will do it and the market will move towards parity.
Bitshares will have a great feature that others will want to use. Adoption should increase.
Bitshares will give the INDIVIDUAL the knowledge to increase value. Bitshares will display another reason why its the application for individual property rights!
IF YOU BUILD IT THEY WILL COME