Shouldn't we allow the user to decide at what price to create bitUSD? If I want bitUSD I can either buy bitUSD on the market or create bitUSD using my collateral. Shouldn't the pricing be the same for either choice? One relies on the market and other the price feed.
I do not see what is stopping you from thinking the price you create the bitUSD being anywhere in the ( 0; infinity] range?
I did not get if you are for or against the price in the 2 cases being the same or different, but it can be whichever you like it to be.
1. You can only create bitUSD as a market order, not a limit order (unless you can do it on the CLI somewhere)
2. There seems to be two trades. One depends upon bitUSD creation and price feed differences from the time you create it and when you close it.
3. The other depends on the price differences between selling the newly created bitUSD and when you purchase it back in the market.
4. I prefer them to be the same.
Shouldn't we allow the user to decide at what price to create bitUSD? If I want bitUSD I can either buy bitUSD on the market or create bitUSD using my collateral. Shouldn't the pricing be the same for either choice? One relies on the market and other the price feed.
Yes, we should. I want a price of bitUSD to be zero when I create it, and then I want to sell it at real USD price. I think, everybody should agree with me and merivercap that this is damn cool. Hey, committee, correct this NOW!
I agree. Part of this can be done if you change the GUI, but it seems there are just two parallel trading mechanism based on different pricing systems. Hence I'm not sure you can just change parameters and the GUI, but it would be great if someone can clarify.