So the shorts need not be covered, sure? It is very important!
@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?
for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
If every short has to be covered before the "airdrop" .. would result in the need for ALL bitUSD to be destroyed .. effectively killing the market ..
conclusion: Having the need to cover shorts will kill bitUSD in short term .. make investors angry and people lose money ..conclusion2: There will surely be no need to cover your short position!!
(due to the "merger"/ transition to the superDAC!)
further supportive indications: BTS will be just a software update to BTSX .. nothing more!
all bitAsset balances will be preseverd .. all open orders will be preserved .. no changes will be made to the market engine (unless bugfixes)