Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
So issuing user-defined assets in BTSX is indeed Bitshares ME ? It costs too much
The GOD is she, btw.
Do extraterrestrials have gender?
i'm back btw. ok gotcha simeon I misunderstood, what questions were needing answered?
Not many, I think... He grasped, it pretty fast...
indeed. I struggled with that shit. she (I assume you mean patty) must have experience in financial markets.
.
My concern is the possibility of a too strong of a bitUSD demand...
if bitUSD demand is overwhelming it will drive the price up, but people will see that, and knowing the bitUSD is supposed to be near the price of a dollar, they will be like "OH SHIT! I profit if I sell now!"
i'm back btw. ok gotcha simeon I misunderstood, what questions were needing answered?
Simeon II, aka Satoshi
aka BM aka Agent86 aka bitbro
Mwahhaha
Aka AsymmetricInformation
the collateral is held by the network, if the person who did the shorting doesn't buy some from an exchange (centralized or not) and close their position, it gets destroyed when the margin gets reached. the person who went long bitUSD can do anything they want with it.
I see where I got confused. I thought it required collateral on both ends. Wow this is going to make it a quite a wild ride then, as there will be plenty of market inefficiencies in a constant battle between speculators, and those who need to convert one way or the other.
Grab the popcorn, it will be quite the show to watch while the beast evolves.
@Simeon: Perhaps I am misinformed. Let's start with the simple question - Can a user transfer BitUSD to another user who has 0 BTSX in their account?
Or does the receiving user need to maintain BTSX for collateral?
Absolutly! ( If he has bitUSD in his account of course)
btw merockstar can answer 95 % of those question for me...
sorry, didn't mean to step on your toes.
@Simeon: Perhaps I am misinformed. Let's start with the simple question - Can a user transfer BitUSD to another user who has 0 BTSX in their account?
Or does the receiving user need to maintain BTSX for collateral?
1) Putting BitUSD on the exchanges would be a huge risk for them, as it will need to be backed by a collateral in BTSX. So when you hold a BitUSD position, you also need to have a big BTSX balance, to cover your position in case of a margin call.
Agent's writing style is exactly like Bytemaster. I still think Agent really is Bytemaster. The guy was paid to pretend to be Agent86.
Bytemaster needs to throw out his ideas without fear of upsetting the community thus Agent86 exists.
Agent's writing style is exactly like Bytemaster. I still think Agent really is Bytemaster. The guy was paid to pretend to be Agent86.
Bytemaster needs to throw out his ideas without fear of upsetting the community thus Agent86 exists.
Agent86 is Satoshi
