Can someone explain, how come all the purchasers of BitUSD disappeared?
Here is a theory of mine...
BitUSD has total supply of 100B. Which means BitUSD could never really be more than 50 BTSX, since supply of BTSX is 2B.
That means that any BitUSD short above 33.3333... are relatively safe. BTSX should never really hit a margin call by design (unless some spike in the system occurs).
Now go down a notch - for shorts at 22.222222... BTSX their margin call is at 33.3333.... But since 33.3333.... is like a sure short, then so is 22.222....
Wow! No wonder there are no BitUSD buyers, and BitUSD price is lower than it should be. So once BTSX rises to like $1B, BitUSD would be really stable. There is wishful thinking.