1) When I mean 'stable' I just meant generally pegged, but I'm using the word loosely so we may not really differ in opinion. I don't really care that bitUSD fluctuates between $0.90 and $1.10 and I don't think bitUSD holders will care either, although adding the floor in the current design so prices fluctuate between $1.00 and $1.20 seems fine.
@Bytemаsteг
I remember from the beginning our target is peg at price 1.0 +/- 0.01
so everybody can be a market maker, sell at price more than 1.0, buy at price less than 1.0
and users can use bitUSD for payment just like 1.0 fiat USD
I want ask you if this is your new plan, peg at price from $1.0 to $1.2?
I want know how to use this bitUSD for payment, why I pay bitUSD to others when bitUSD's price always more than 1?
as a gateway, what's the price to sell bitUSD, and what's the price to buy bitUSD?
It is always a good deal to buy BitUSD for $1.00
It is always a good idea to sell BitUSD for as much as possible.
As a gateway, I would have a buy wall at $1.00 and then sell whatever inventory I get on the market... this would be the safest bet, but will probably result in the Gateway not having much BitUSD.
As a merchant, you "buy" bitUSD with a dollar's worth of merchandise.
The market must discover the price premium, I obviously want it to be as close to $1.00 as possible, but I have no idea what kind of premium shorts will demand and it will change over time depending upon how many people are selling BitUSD, how many are shorting, and how many are buying. Until the market discovers the equilibrium we will have to wait and see. It would probably be helpful to have a graph of the premium relative to the feed over time.