I actually think thats nit the case atm, but wven if it were, hiw is that a penalty? You'd have to buy whatever bitusd is there anyway
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Ok, if it were the case you could short against yourself, you don't have to buy above the price feed for a premium price. You may end up with some BitUSD that you will have to sell to the market, but if you split everything to small enough orders, the market will be able to absorb the remaining BitUSD.
When Dan says "above the price feed" I think he means below the price feed (He views the market inverse of most people). As far as I know, right now expiring shorts just form a buy wall at the feed. Regardless, I think it will be changed so that shorts really can be forced to cover above the price feed which I think is better.
Haha, this now gets even more confusing. Up until that BM post, i thought the same.
My current understanding is that 'buy wall at the feed' exists only when there are no sell orders. If there are sell orders it will buy any sell order even for a very high price. I do not think that this is better at all.