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中文 (Chinese) / Re: 关于网关的建议
« on: April 26, 2015, 07:53:06 am »
一直在给bta 持有者输血
从我的 iPhone 发送,使用 Tapatalk
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Real problem is BM's BITASSET 3.0. that shows him know nothing about economic.Dilution is not the root reason of failing price. Bit asset short rule is.
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Well one thing is for certain: we need to focus on the REAL problems instead of just calling stuff out that may or may not be an issue. Otherwise this is just an exercise in futility and a waste of time.
Yea this my second changeThis can not happen, as many BITUSD are not placed on market.
I mean the shorter can just spare some of the "collateral" to cover his order.
Of course they need to buy BTA at market price.
So if there is no enough BTA sell order at the order book, the shorter can just wait or buy BTA at a higher price.
New proposal by xiahui135I agree with you about what u said about why current system and ASSET 3.0 not work.
Firstly, we need equal shorts' and longs' market position. So they can match each other, react to each other's action.
1、cancel short orders' time limit;
2、let shorts can cover at any amount.
Secondly, we should guarantee the system‘s safety.
3、force bad collateralized shorts to cover at a market price (like other futures)
4、the trading fee is interest, and can be paid to BTS holder (as stake holder)
1、cancel short orders' time limit;No time limit will aggregate the chance of black swan. short have to cover their short if they lose money, or add collateral
2、let shorts can cover at any amount.This can not happen, as many BITUSD are not placed on market.
I think I have to add some.Xiahui u got my mind. This project is failing.
In effect a short position is a "loan" that is callable based upon price or X day notice.
BTA short position is different from loan.
If you loan from someone, he loan the right to use his resource. You benefit from the loan, and need to pay interest.
But BTA long side sell bts is a market behavior. They get money from this, and can withdraw to their bank account, can buy something. So the long do not have the right to call back.
The market have the right to call back from short. Only when the collateral is not enough.
It seems people have to sell bts for bitasset, but they need not to buy bts when they need bts. So the market will face sell presure, but no buy presure. This will drive the bts price all way down. Correct me, if i misunderstand something.This is exactly what I think
For every whale who buys bitUSD and then wants to dump BTS so they can convert the bitUSD back into more BTS, there is an equal and opposite whale who just shorted bitUSD, and wants to buy up BTS to drive the price up so they can profit.
Its a long vs short margin battle, just like any leveraged market, and whichever side breaks the other and forces them to cover at a loss wins. Sometimes the shorts will win and sometimes the longs.