Assume there's a BitShares bullrun

Started by Akado, August 11, 2015, 05:18:42 PM

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xeroc

Currently you do short-sells .. in btc2 .. shorting bitusd and selling them on the market are two separate things

Ander

Quote from: xeroc on August 11, 2015, 06:30:17 PM
Not sure .. let's see .. after all this is still an experiment .. however, keep in mind that with the bitasset 2.0/3.0 (??) implementation, anyone can create bitUSD at the feed locking up enought collateral... AT ANY TIME ... this will change the whole concept immensely and make smart coins a lot more useful .. IMHO

This is essentially like shorting bitUSD to yourself works now, right?
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xeroc

Not sure .. let's see .. after all this is still an experiment .. however, keep in mind that with the bitasset 2.0/3.0 (??) implementation, anyone can create bitUSD at the feed locking up enought collateral... AT ANY TIME ... this will change the whole concept immensely and make smart coins a lot more useful .. IMHO

Akado

Assuming this happens and that we get, for example, to ath again or similar, it doesn't matter. In the event of BitShares reaching a high price when BitShares 2.0 is launched, do you think people could hedge properly? Could blocktrades and metaexchange keep up with the volumes? I believe most people could go from BitShares to BTC. Could people go with bitUSD without the peg breaking? I mean, if 1 bitUSD does to 1.06 again how much people would go from BitShares to BitUSD or bitCNY? Could we handle it?
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads