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Technical Support / Re: Some questions about the MPA peg mechanism
« on: June 03, 2015, 07:57:49 pm »
Thanks for the replies, and thanks in particular to pointing me toward those 2.0 proposals.
I like Bytemaster's proposal a lot.
It seems like depending on the demand for currency to drive demand for BitUSD and giving up the interest (though that would of course have been nice for the lones) gives shorts a much better deal, and on top of that allowing shorts to avoid forced covers simply by adding more collateral than the next person in line is a smart strategy. It gives BTS Bulls a way to lever their position without paying interest, which is probably a good deal despite the risk of a forced cover.
I like Bytemaster's proposal a lot.
It seems like depending on the demand for currency to drive demand for BitUSD and giving up the interest (though that would of course have been nice for the lones) gives shorts a much better deal, and on top of that allowing shorts to avoid forced covers simply by adding more collateral than the next person in line is a smart strategy. It gives BTS Bulls a way to lever their position without paying interest, which is probably a good deal despite the risk of a forced cover.