can experts help me out ?
 thanks a lot.

如题:

请问: 我的AGS和PTS都还没有领过DNS, 为了分BTS, 需要先领出DNS吗

3I 雄起, 等着手握原始股分红 

http://weibo.com/1937764661/profile?topnav=1&wvr=5

PjcNz3rWoY4pCimkVdGpaBUrqRP2hKQpp6

blockchain 的HASH值就是现成的数字， 无法预测，保证公平

Quote from: delulo on February 19, 2014, 08:50:00 pm

Quote

To clarify: This would be the case when BTS would decrease in price more than twice compared to the point in time when the short positions was taken (if a short position requires 2x Asset value in BTS)?

so i guess this describes the margin call case. How can the system run out of bitshares like mentioned in the OP?

If the starting collateral is 100 BTS backing 50 USD... and the price of 50 USD rises to more than 100 BTS so fast that the market couldn't cover the position in time then there would not be enough BTS in the short position to buy back 50 USD... so the network would be forced to create new BTS to close the short position.   

As I put money in BitShareX, so I keep thinking it in my head.
Please think about this idea.

BitShareX system must very powerful, and make sure BTS has the real value.
BTS's value is real and stable, the marketing price only show how much people like it. But not effect BTS's real value.

My idea is:
suppose BTS born by 4000 BTC(at 1000 USD), and 1,500,000 PTS(at 40 USD)
INIT value:1 BTS_value == (4000 * 1000 + 1,500,000 * 40)/ 4000,000 == 16

when 4,000,000,000 USD want join BitShareX for shares,
BTS born 4,000,000,000 bitUSD,
1 BTS_value == 1016 + fees

BitShareX only decrease value when value decrease.
e.g. people get money back from BitShareX(and do mandatory liquidation base on BTS_value).

if you want 5% double shares, buy bitUSD;
if you want own the growing of the BitShareX system, buy BTS with price higher than the BTS_value and compete with more likers;

if you want sell 1000 bitUSD value BTS at 1 bitUSD, it is up to you. but this not effect the BTS_value.

 

not get it.

I think if UserA can create as many bitUSD as wanted, than the going short must be success.

Buy $100 worth of BTC using whatever means you do now. Trade BTC/BitUSD on crypto exchange. You get (100 - transaction fees) BitUSD.

Interesting, for many people, the request can be USD--to--BTC,
Here we do BTC--to-bitUSD.

As for now , I do not get why I need put BTC to get bitUSD.
Is bitUSD more valueable than BTC ?
I suppose the one like BTS must equal or more like BTC.

 

On knowing the sell about 1_bts for 10000000 USD, I am shocked.
And I think there must be something wrong.

I read the white paper, but just understand a little.
Here share the logic in my head. It maybe totally wrong. 

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If no rule, the bitUSD is not USD, it is just a name.
It can be anything: cheap as DOGE, or expensive as 42Coin.

So there must be the rule:
You can create your BTA named bitAAA or bitXYZ, named anything.
But when you create BTA named bitUSD, it must equal to the real time USD value.
When you create BTA named bitBTC, it must equal to the real time BTC value.

So the BitShareX system already has the BTS with real time value.
If you want play in BitShareX, you must put in real USD or real BTS or real BTC.

How to put USD in/out BitShareX system ?
one method is using the public market(e.g. Bter);
Or using BTS_prepaid_code(e.g. BTER-code or BTCC-code or telephone recharge coupon) can buy with USD from the on-line/off-line shops

Then the game is starting: suppose USD==1 BTC==1000 BTS==100
UserA want buy 2 BTC
UserB want sell 2 BTC
UserC want keep 20 BTS

UserA checkin 2000_USD get 20_BTS; BitShareX increase 2000_bitUSD;
UserA use 20_BTS to buy 2_bitBTC.
UserA checkout 2_bitBTC get 2_BTC.

UserB checkin 2_BTC get 20_BTS, BitShareX increase 2_bitBTC;
UserB use 20_BTS to buy 2000_bitUSD.
UserB checkout 2000_bitUSD get 2000_USD.

UserC checkin 2000_USD get 20_BTS; BitShareX increase 2000_bitUSD;
1 year later, BTS==10,000;
UserB use 20_BTS to buy 200,000_bitUSD.
UserB checkout 200,000_bitUSD get 200,000_USD
 
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