Older shorts entered before this hard fork will be grandfathered in with a 1 year deadline.
Imho this is not very fair... I was very bullish before BTSX was even launched, but could not short because of lack of information, instructions, bugs in the GUI etc.. If everything was clear and working properly I would have shorted @ 45 - 65 range instead of buying BTSX in the exchanges..
Now, people holding short positions at these levels will now have the additional opportunity to keep their orders for 1 year, when others who still experience problems shorting will have to re short within 1 month.
On the other hand I am totally on board that there should be 1 month of expiration. But 1 year to keep open positions for the ones that had the technical knowledge and the competitive advantage of shorting which normally should be people bullish with large capital is too much. In the end of the day for all of us in here it was a no brainer that since the client is launched BTSX would skyrocket.. Not much of a risk to take..The risk is higher now, with bitcoin price and all cryptos falling day by day, than 1 month ago. So why not make it max 2-3 months instead of 1 year?
The other question is, what happens if on the specific day that I have to cover my short I am on holidays and I don't have access to cover? How will the system treat my position?