Does this mean, we have to wait for an exchange to enlist DevShares before markets can be openend? I guess DevShares will be dependent on price feeds to.
Or will delegates have the oppurtunity to come up with their own prices until then?
This would make DevShares an interesting trading experience
I think that would be really fun actually. If delegates have been elected and are ready to publish price feeds but the exchanges haven't added DVS yet, why not just have all the delegates agree to publish some arbitrary price feed (say 300 DVS/USD which would correspond to a $10,000,000 market cap). Then we could allow short sellers choose any price greater than that (in DVS/USD) to short sell DevUSD. If some people pick a price of DVS (in USD) that is too high (or low in DVS/USD price), then when the true price feeds come in they would end up being margin called and also may not have enough collateral to back the DevUSD debt. This would be a great test of what happens during a black swan event and how the network can recover from it over time
. Also, we would see how good the internal DevShares exchange is at price discovery. If things work out well, the starting price on exchanges like BTER and BTC38 should be very close to the price on the DevShares DevUSD/DVS exchange.
By the way, no one has bothered registering any accounts on the blockchain yet? Is the v0.4.28-dev1 release for DevShares ready to be used?