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Thanks for sharing this, very insightful. A few of the above ideas are being developed already and most of the above will implemented soon.
re: low hanging fruits
Close markets in real-time
Is being tested on daily h2h sports markets. Multi-options will have auto-close shortly perhaps in the phase 2. We will also implement auto-close for bitcoin markets in phase 2.
Round off shares:
Great advice - we will implement this
Set initial probabilities well
Its being developed, will be implemented soon.
Arbitrage (both self and external)
Great advise. Perhaps in the phase 2/3.
re: third party support
Ads
Not sure about sending our traffic to other website, but we'll give it thought.
Sponsorships
Yes, we've thinking about it. Hopefully the community can help us connect with other Bitcoin Business/apps
Charge for market creation
Coming in phase 2
Treasury strategy: Take out loans against the revenue generated from all of the above and buy bitcoin: NGU -> repay with a fraction of the bitcoin, NGD -> repay with site revenue.
Can you please help me understand this more. Thanks for all the valuable insight.
The treasury strategy is something like what Saylor did with Microstrategy. He took out loans and purchased bitcoin with the funds.
The idea is that bitcoin appreciates at a faster rate than interest accrues. So, you can repay the loan with less than the amount of bitcoin that was purchased.
Lenders aren’t interested in bitcoin, though. They want to make sure they get paid back, so they’ll only loan as much as can be repaid with the business’ revenue.
The idea is that you can accumulate a Bitcoin stockpile this way. It only makes sense if you expect bitcoin to appreciate faster than the interest rates you can get on a loan.
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I never thought in that direction - sounds like a great strategy.
Thanks for explaining, I get it now.
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