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Offline graffenwalder

Would a new bitshares chain devalue the bitshares XT chain?
« on: February 26, 2014, 10:41:44 PM »

Let's say that once bitshares XT is up and running without the need for a reset. And at a certain point it would be stable at $100. Then a new chain with new bit assets would be announced, with a certain snapshot date. In the run up to the snapshot date, the price of BTS would go up to $200. Because BTS XT would give a share in the new chain. After the snapshot date BTS XT would drop just like PTS probably will.

Would it make sense that BTS will stabilize under the original $100 price?
Because  BTSXT=BTSXT+ BTS 2nd chain + 3th chain etc.....
And after that the above - the 2nd chain.
« Last Edit: February 26, 2014, 10:43:25 PM by Graffenwalder »

Offline toast

Re: Would a new bitshares chain devalue the bitshares XT chain?
« Reply #1 on: February 26, 2014, 10:48:12 PM »
I think that because a BitUSD is ~1 USD no matter which chain it is on there can be a good amount of price discovery for the new chains before it even launches. You know how many people want a snapshot of both at a premium versus people who have no preference, this is a lot of information
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Offline toast

Re: Would a new bitshares chain devalue the bitshares XT chain?
« Reply #2 on: February 26, 2014, 10:49:32 PM »
Meaning, it would devalue it but slowly over time as it looked more promising and not sharply in response to a snapshot date. Especially when there are cross-referential chains
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline bytemaster

Re: Would a new bitshares chain devalue the bitshares XT chain?
« Reply #3 on: February 27, 2014, 03:00:15 AM »
The launching of alternative BitShares X chains will be a known possibility and thus if there are 100 potential chains to launch, then the snapshot of ONE of them would only affect the price by 1%.   

Few would both bidding up BitShares X just because of a single snapshot as these would already be priced in.  Furthermore, you can always BUY into the new chain after launch if it looks successful. 
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

 

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