How s bitUSD created?
By someone going short bitUSD
Maybe that's technically correct, but it's a confusing way to say it.
BitUSD is created when someone borrows it from the bitshares network. Once you've borrowed it, you're free to sell it on the open market. You're not short bitUSD until you've sold the bitAssets that you've borrowed.
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Correct, except that this is a single operation, "borrow and sell". You cannot borrow without selling.
Can you someone, please, explain how you borrow something that does not exists?
As soon as the network lends it to you, it exists.
that's what makes bitassets powerful: there is not a fixed supply. The network prints and destroys bitassets in proportion to the demand for them. It the supply were fixed, there would be no way for them to track real-world values.
Thanks for the clarification, bytemaster. I've always been a little fuzzy on implementation details.
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