So let me get this straight:
-We create "Sumo" that has 1.05 the feed price of a basket of currencies
-Obviously there will be demand for this asset
-We need people to short it into existence, but the only reason to do that is to think that BTS will rise by greater than 5% per year vs the basket of currencies
-Since there is no reason to think bts will rise more than 10% each year since BTS isn't profitable and even BM has said increased network activity won't drive BTS market cap higher, no one will short it.
-We hope that a whale comes in and shorts a bunch of it? Why would they do that? Aside from the costs to enter the BTS ecosystem, they will be giving up 5% right off the bat.
Are we just hoping that speculators will see a whale investing in something and follow them? Then we hope that enough people are coming into the system that the demand for BTS rises and outpaces the 5% premium on "sumo". I have to be missing something because I can't see why anyone would ever short this product...