USD inverse market pegged asset

bitmeat · April 18, 2015, 02:10:04 AM

DSUtib

Ander · April 17, 2015, 09:02:02 PM

hadrian · April 17, 2015, 08:42:21 PM

Quote from: tonyk2 on April 17, 2015, 08:20:59 PM
Quote from: Ander on April 17, 2015, 05:41:23 PM
This thread...

Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?

Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P

It will be worth 1 BTS but it will be backed by 300% ^{^ 2} BTS. or about 9 BTS :)

So, 1 bitUSDINVINV would be worth the same as 1 bitUSD, but would be backed by the BTS equivalent of about 27 bitUSD?
In that case perhaps there would be a slight premium on it, making it worth a bit more than 1 bit USD (because it is backed more strongly)?

zerosum · April 17, 2015, 08:20:59 PM

Quote from: Ander on April 17, 2015, 05:41:23 PM
This thread...

Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?

Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P

It will be worth 1 BTS but it will be backed by 300% ^{^ 2} BTS. or about 9 BTS :)

maqifrnswa · April 17, 2015, 08:06:41 PM

Quote from: Ander on April 17, 2015, 05:41:23 PM
This thread...

Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?

Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P

the value of 1 inverse-bitUSD should just be the value of 1 USD short (2x increase in USD value decreases short value in half, and visa-versa), so buying BTS now should give you this functionality.

Ander · April 17, 2015, 05:41:23 PM

This thread...

Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?

Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P

toast · April 17, 2015, 05:31:56 PM

Quote from: Markus on April 17, 2015, 01:13:07 PM
Inverse to what? To one? How much is a one worth?

one unit, duh

xeroc · April 17, 2015, 04:03:45 PM

Quote from: Chronos on April 17, 2015, 03:50:03 PM
My mind exploded when I tried to imagine the price of one bitUSDINV in relation to BTS. :P

via Imgflip Meme Maker

Chronos · April 17, 2015, 03:50:03 PM

My mind exploded when I tried to imagine the price of one bitUSDINV in relation to BTS. :P

Markus · April 17, 2015, 01:13:07 PM

Inverse to what? To one? How much is a one worth?

xeroc · April 17, 2015, 09:26:50 AM

.. to be long on a short position? To be able to sell your short position to someone else? I am not into financial alot .. but just don't get the reasoning behind construct like those .. could you elaborate a little?

monsterer · April 17, 2015, 09:00:27 AM

Are there any legitimate uses for an inverse USD pegged asset? Buying bitUSDINV would be like shorting bitUSD.

USD inverse market pegged asset

zerosum