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General Discussion / Re: BitUSD supply
« on: April 29, 2015, 07:54:07 pm »
Multiply the BitUSD supply by 3x and that's your realistic BTS market cap. Quite disturbing BTS is currently worth $300K if you take out all the speculation.
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I envy the 1280 buyer. He will always be able to say he bought the cheapest BTS ever.
My guess: the hard core believers in BTS are the ones that short BitUSD and provide liquidity. Now they are being affected, and leaving BTS altogether, cutting their losses.
要不是因为合并和增发,也不至于这时候墙倒众人推,自作孽不可活,倒霉的是我们这些看好bts的人。fuck merger,fuck dilution!
@Izr1900 Sell sell now...Run away while you can..It will further fall...Sell everything and buy again when it goes to $5 mil market cap..This is your last chance to sell BTS so high..after we break the $10 mil we will reach $5 mil within hours..lol..
In math, they call this "traveling salesman problem"
and it lacks half of the continent together with the other 4 continents to become a *perfect* roadtrip
Pretty sure he bailed when I called him out for being employed(or at least labeled as a BitShares employee) by Invictus/Bitshares while his accounting firm was being paid to audit them and AGS.
Do you mean to say that if an extremely large settlement request is made, global community awareness of the pending settlement means that the requestor cannot as easily manipulate the BTS market price at the time that settlement occurs? Hopefully this equally prevents a whale short with the lowest collateral from also being able to manipulate the price to their benefit.
Thanks for the clarifications. While it makes sense to me now that a delay period is the prudent thing to do here, I do wonder what commitment the community actually has to prevent such a manipulation, when it won't be clear whether erratic price movements are manipulation or the real thing. While I'm not recommending this, I wonder if there are other things that can be done to thwart manipulators, such as having a random element in the settlement timing with an alert once complete.
BM says "The 24 hour+ delay means you cannot depend upon errors in the price feed to guarantee a profit", which basically reiterates that X needs to be greater than the lag in the price feed, which surely is not that long. Did I miss something there?
Why couldn't the delay be reduced to 10 minutes for example?