BitShares Forum

Main => General Discussion => Topic started by: graffenwalder on February 26, 2014, 10:41:44 pm

Title: Would a new bitshares chain devalue the bitshares XT chain?
Post by: graffenwalder on February 26, 2014, 10:41:44 pm
Let's say that once bitshares XT is up and running without the need for a reset. And at a certain point it would be stable at $100. Then a new chain with new bit assets would be announced, with a certain snapshot date. In the run up to the snapshot date, the price of BTS would go up to $200. Because BTS XT would give a share in the new chain. After the snapshot date BTS XT would drop just like PTS probably will.

Would it make sense that BTS will stabilize under the original $100 price?
Because  BTSXT=BTSXT+ BTS 2nd chain + 3th chain etc.....
And after that the above - the 2nd chain.
Title: Re: Would a new bitshares chain devalue the bitshares XT chain?
Post by: toast on February 26, 2014, 10:48:12 pm
I think that because a BitUSD is ~1 USD no matter which chain it is on there can be a good amount of price discovery for the new chains before it even launches. You know how many people want a snapshot of both at a premium versus people who have no preference, this is a lot of information
Title: Re: Would a new bitshares chain devalue the bitshares XT chain?
Post by: toast on February 26, 2014, 10:49:32 pm
Meaning, it would devalue it but slowly over time as it looked more promising and not sharply in response to a snapshot date. Especially when there are cross-referential chains
Title: Re: Would a new bitshares chain devalue the bitshares XT chain?
Post by: bytemaster on February 27, 2014, 03:00:15 am
The launching of alternative BitShares X chains will be a known possibility and thus if there are 100 potential chains to launch, then the snapshot of ONE of them would only affect the price by 1%.   

Few would both bidding up BitShares X just because of a single snapshot as these would already be priced in.  Furthermore, you can always BUY into the new chain after launch if it looks successful.