BitShares Forum
Main => General Discussion => Topic started by: speedy on September 01, 2014, 03:32:53 pm
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I know this rule was put in place to make the peg more accurate, but I still feel that it should be my right to take the risk of putting in more competitive shorts, even if it causes cheap BitUSD to be created.
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I know this rule was put in place to make the peg more accurate, but I still feel that it should be my right to take the risk of putting in more competitive shorts, even if it causes cheap BitUSD to be created.
I'm sorry but the peg is more important than your self-proclaimed "right to create cheap BitUSD."
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So you dont agree I should be free to take a risk if I want to?
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I know this rule was put in place to make the peg more accurate, but I still feel that it should be my right to take the risk of putting in more competitive shorts, even if it causes cheap BitUSD to be created.
I think there needs to be an outlet for people in your position and that outlet should be options contracts.
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So you dont agree I should be free to take a risk if I want to?
The issue is your demand to short exceeds the demand of others to "go long". If shorting is unbounded then people can "short BitUSD to 0". What you really want to do is "borrow" existing BitUSD and sell those.
In a mature market with a lot of liquidity then I think the restrictions should be lifted slightly.
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So you dont agree I should be free to take a risk if I want to?
Can you not short a bigger quantity of bitUSD instead? More collateral (BTSX) at risk? Am I missing something?
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I know this rule was put in place to make the peg more accurate, but I still feel that it should be my right to take the risk of putting in more competitive shorts, even if it causes cheap BitUSD to be created.
I think there needs to be an outlet for people in your position and that outlet should be options contracts.
Are you working on implementing an option market? This would be great. Real option price models depend on a lot of factors, I am curious how you would implement things like time, volatility, settlement, assignment, and sub Penny strikes. It would be interesting to see how the premiums hold up.
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I know this rule was put in place to make the peg more accurate, but I still feel that it should be my right to take the risk of putting in more competitive shorts, even if it causes cheap BitUSD to be created.
I think there needs to be an outlet for people in your position and that outlet should be options contracts.
I think the way to go is a bond market, as described here: https://bitsharestalk.org/index.php?topic=7816.0
I think this can be a real big deal... i.e. I think it potentially gets people pulling money out of banks and into bitAssets in droves.