I am personally not participating in the market until the wallet is stable and the trading platform is released; there are probably a lot of folks in the same boat.
I am in that boat.
However the better BTSX does in general, the more long term BTSX bulls there will be in general, not so?
the more BTSX bulls there are, the more the $ will be shorted on average below the peg. (Because bulls will pay a premium to increase their BTSX exposure) not so?
As a result if the market believes BTSX will be a good investment in the next 12 months vs. the dollar then BitUSD will peg too far below the dollar, therefore BTSX won't be a good investment in the next 12 months...
This is messed up.
As I understand it atm, we need to separate the bulls into an options market or make them pay a premium near parity vs. allowing them to continue shorting below the peg ASAP.
I would like to implement that without the market maker and see the results.