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General Discussion / Re: Incentivize SmartCoin collateralization
« on: January 18, 2017, 04:47:46 pm »
@kani I think you may underestimate the power of shorting to self under this proposition. Imagine a whale with 50M BTS. This rule goes into effect. The whale uses the entire amount to short BitCNY to himself. Now, he gets a huge chunk of the reward, and the amount that goes to "legit shorts" is greatly diluted.
When other whales do this as well, the net effect from this new feature on "legit shorts" would be almost zero.
When other whales do this as well, the net effect from this new feature on "legit shorts" would be almost zero.