BitShares Forum
Main => General Discussion => Topic started by: monsterer on April 17, 2015, 09:00:27 am
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Are there any legitimate uses for an inverse USD pegged asset? Buying bitUSDINV would be like shorting bitUSD.
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.. to be long on a short position? To be able to sell your short position to someone else? I am not into financial alot .. but just don't get the reasoning behind construct like those .. could you elaborate a little?
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Inverse to what? To one? How much is a one worth?
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My mind exploded when I tried to imagine the price of one bitUSDINV in relation to BTS. :P
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My mind exploded when I tried to imagine the price of one bitUSDINV in relation to BTS. :P
(https://i.imgflip.com/kawic.jpg) (https://imgflip.com/i/kawic)via Imgflip Meme Maker (https://imgflip.com/memegenerator)
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Inverse to what? To one? How much is a one worth?
one unit, duh
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This thread...
Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?
Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P
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This thread...
Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?
Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P
the value of 1 inverse-bitUSD should just be the value of 1 USD short (2x increase in USD value decreases short value in half, and visa-versa), so buying BTS now should give you this functionality.
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This thread...
Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?
Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P
It will be worth 1 BTS but it will be backed by 300% ^ 2 BTS. or about 9 BTS :)
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This thread...
Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?
Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P
It will be worth 1 BTS but it will be backed by 300% ^ 2 BTS. or about 9 BTS :)
So, 1 bitUSDINVINV would be worth the same as 1 bitUSD, but would be backed by the BTS equivalent of about 27 bitUSD?
In that case perhaps there would be a slight premium on it, making it worth a bit more than 1 bit USD (because it is backed more strongly)?
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(http://img.memerial.net/memerial.net/2446/put-20-each-in-a-box.jpg)
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DSUtib