Author Topic: University thesis on Bitshares  (Read 1095 times)

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Offline tonyk

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Re: University thesis on Bitshares
« Reply #15 on: September 23, 2015, 09:19:35 pm »
Right, they arent forced to exit old positions, but wont the old bitassets and the new bitassets be different things?  So people would rather get the new ones? 

Maybe I am incorrect.

Well, that was the idea at some point, but BitAssets are now supposed to migrate as such.  Hopefully, otherwise this will cause massive trouble... especially since the text in the link says explicitly that the value will remain. And I remember that BM said that current shorts are completely portable to the new system, but I wouldn't mind re-having a confirmation of that.

Forget about a debate - I have shorted thousand of bitUSD based on the assumption that my shorts will convert to shorts in BTS 2.0  >:(
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline lil_jay890

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Re: University thesis on Bitshares
« Reply #16 on: September 23, 2015, 11:05:30 pm »
Right, they arent forced to exit old positions, but wont the old bitassets and the new bitassets be different things?  So people would rather get the new ones? 

Maybe I am incorrect.

Well, that was the idea at some point, but BitAssets are now supposed to migrate as such.  Hopefully, otherwise this will cause massive trouble... especially since the text in the link says explicitly that the value will remain. And I remember that BM said that current shorts are completely portable to the new system, but I wouldn't mind re-having a confirmation of that.

Forget about a debate - I have shorted thousand of bitUSD based on the assumption that my shorts will convert to shorts in BTS 2.0  >:(

I thought all the shorts covered at the feed prior to the switch over.

Offline tonyk

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Re: University thesis on Bitshares
« Reply #17 on: September 23, 2015, 11:12:38 pm »
Right, they arent forced to exit old positions, but wont the old bitassets and the new bitassets be different things?  So people would rather get the new ones? 

Maybe I am incorrect.

Well, that was the idea at some point, but BitAssets are now supposed to migrate as such.  Hopefully, otherwise this will cause massive trouble... especially since the text in the link says explicitly that the value will remain. And I remember that BM said that current shorts are completely portable to the new system, but I wouldn't mind re-having a confirmation of that.

Forget about a debate - I have shorted thousand of bitUSD based on the assumption that my shorts will convert to shorts in BTS 2.0  >:(

I thought all the shorts covered at the feed prior to the switch over.

This is not very fair, to the bitUSD holders in particular, without a long long notice. And such notice is lacking.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline liondani

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Re: University thesis on Bitshares
« Reply #18 on: September 24, 2015, 12:49:14 am »
Right, they arent forced to exit old positions, but wont the old bitassets and the new bitassets be different things?  So people would rather get the new ones? 

Maybe I am incorrect.

Well, that was the idea at some point, but BitAssets are now supposed to migrate as such.  Hopefully, otherwise this will cause massive trouble... especially since the text in the link says explicitly that the value will remain. And I remember that BM said that current shorts are completely portable to the new system, but I wouldn't mind re-having a confirmation of that.

Forget about a debate - I have shorted thousand of bitUSD based on the assumption that my shorts will convert to shorts in BTS 2.0  >:(

same with me!
But why are you angry? It was clearly stated from bytemaster that all bitassets and all short positions will be transferred to the new chain...
confirm that again please @bytemaster , uncertainty is a bad thing .....
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline tonyk

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Re: University thesis on Bitshares
« Reply #19 on: September 24, 2015, 01:10:56 am »
Right, they arent forced to exit old positions, but wont the old bitassets and the new bitassets be different things?  So people would rather get the new ones? 

Maybe I am incorrect.

Well, that was the idea at some point, but BitAssets are now supposed to migrate as such.  Hopefully, otherwise this will cause massive trouble... especially since the text in the link says explicitly that the value will remain. And I remember that BM said that current shorts are completely portable to the new system, but I wouldn't mind re-having a confirmation of that.

Forget about a debate - I have shorted thousand of bitUSD based on the assumption that my shorts will convert to shorts in BTS 2.0  >:(

same with me!
But why are you angry? It was clearly stated from bytemaster that all bitassets and all short positions will be transferred to the new chain...
confirm that again please @bytemaster , uncertainty is a bad thing .....
bitAssets in 9.x make me angry anytime I look or think of them.
 I am angry even when I short them at 30% premium knowing full well it will likely be big % all profit. I am angry when this fool continues to put his overpriced bids for bitUSD and I am all out of BTS to short....It makes me angry cause it was so easy to improve the situation with several hours of coding....instead the time was spent to get us the poop-colored nonsense asset.
« Last Edit: September 24, 2015, 01:20:02 am by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline xeroc

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Re: University thesis on Bitshares
« Reply #20 on: September 24, 2015, 06:07:32 am »
the only reasons for the 30 day delay from announcement to launch was that short positions have a chance to reevaluate and leave their positions ...
OF COURSE will 0.9 shorts be migrated to 2.0 ..
Read: https://bitshares.org/blog/2015/06/08/migrating-to-bitshares-2.0/#bitasset--user-issued-asset-migration

What will be closed are OPEN BUY and SELL ORDERS ... NOT short ORDERS
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