This thread is to discuss the BitUSD market.
The current status is that we have sufficient feeds, but still require additional market depth (20 Million BTSX, $800K worth of BTSX)
We want people to play with the interface, submit and cancel orders, and other wise make sure it is stable. Once there is enough money in the market then we are a go.
- placing a short currently requires using the console because of a "stupid order" check that limits what orders you can place in the GUI. This check is triggering because prior to the start of the market some people have placed some "stupid asks" which will be cleared out once the market starts.
- Some people have placed orders for USD with an amount of BTSX so small that when multiplied by the price yields 0 USD. When these orders are matched 100% will go to fees, thanks for your donation. A future hard-fork will probably implement a minimum order size of 1 BTSX.