BitShares Forum

Main => General Discussion => Topic started by: Akado on August 11, 2015, 05:18:42 pm

Title: Assume there's a BitShares bullrun
Post by: Akado on August 11, 2015, 05:18:42 pm

Assuming this happens and that we get, for example, to ath again or similar, it doesn't matter. In the event of BitShares reaching a high price when BitShares 2.0 is launched, do you think people could hedge properly? Could blocktrades and metaexchange keep up with the volumes? I believe most people could go from BitShares to BTC. Could people go with bitUSD without the peg breaking? I mean, if 1 bitUSD does to 1.06 again how much people would go from BitShares to BitUSD or bitCNY? Could we handle it?

Title: Re: Assume there's a BitShares bullrun
Post by: xeroc on August 11, 2015, 06:30:17 pm

Not sure .. let's see .. after all this is still an experiment .. however, keep in mind that with the bitasset 2.0/3.0 (??) implementation, anyone can create bitUSD at the feed locking up enought collateral... AT ANY TIME ... this will change the whole concept immensely and make smart coins a lot more useful .. IMHO

Title: Re: Assume there's a BitShares bullrun
Post by: Ander on August 11, 2015, 07:33:30 pm

Quote from: xeroc on August 11, 2015, 06:30:17 pm

Not sure .. let's see .. after all this is still an experiment .. however, keep in mind that with the bitasset 2.0/3.0 (??) implementation, anyone can create bitUSD at the feed locking up enought collateral... AT ANY TIME ... this will change the whole concept immensely and make smart coins a lot more useful .. IMHO

This is essentially like shorting bitUSD to yourself works now, right?

Title: Re: Assume there's a BitShares bullrun
Post by: xeroc on August 11, 2015, 08:35:59 pm

Currently you do short-sells .. in btc2 .. shorting bitusd and selling them on the market are two separate things