The new Mine BitUSD pool is going to change everything.



Assuming we make it the "most profitable" pool by the time you convert to real USD then what will happen is miners will switch in droves.



Miners represent capital that flows INTO and then OUT OF the crypto currency space.



The interesting thing is that even if 100% of all capital flows in and then back out we still benefit from increased liquidity and a tighter BitUSD peg due to the constant buy pressure on BitUSD.



Now it gets even more interesting because we know that less than 100% of the capital will flow back out. Some percentage of miners will hold their BitUSD or convert it to other assets within the BitShares ecosystem. In all likelihood miners will keep a lot of their profits within our system.



Lastly, even if miners eventually cash out 100% of their proceeds they effectively lend our network the value of their capital for the duration of their float. This increases the market cap.



So what does all of this mean for BTS? It means that there exists a price that it is worth paying to simply get all of that money flowing through our network. A small increase in buying pressure will result in a much larger increase in price.



I think there is some conversion ratio that represents new capital being held in BTS... as long as that conversion ratio is greater than the amount we spend to get it by a wide margin then we are good.

