In the mean time BTSX crashes....
let's analyze it:
BTSX drops because they are selling BTSX...
the problem is they don't sell it for bitUSD (if that was the case it would rise near the USD prize).
They sell outside the BTSX platform on centralized exchanges.
Why they don't sell for bitUSD on our platform?
1.Because they are not confident that the peg will hold due the difference between bitUSD vs USD getting bigger and bigger...
2.The conversation here help not so much to build the needed confidence at least for the outsiders.
3.Because they can not access our platform due several bugs and several updates each day (the most have not enough time to care about, except they are delegates...)
4.Because they "bet" btsx will rise again. (shorting bitUSD)
Thoughts?