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.
- This is exciting news
The demand to short the dollar requires a counterparty. There are more counter parties at 5% than 0%
Sent from my iPhone using Tapatalk
Maybe on the beginning... but why should the demand to short bitUSD5 be higher in future?
let's say the prizes stabilize close to 1 bitUSD=$1 and 1 bitusd5=$1.05 (as it should)
why would the demand of shorting be higher for one of them? I don't get it.
Currently in the same boat, if Dan could expand on his thought process behind this it would hopefully make things clearer
I don't think it is a good idea.
BitUsd5 BitUsd6 BitUsd7 BitUsd8 BitUsd9......
Like
Goldcoin10%gold Goldcoin20%gold Goldcoin30%gold Goldcoin40%gold......
May be it will cause competition,and out-of-balance.
But have a try is ok.
Another question:
The Bitusd's largest number of supply100,000,000,000 USD , is fixed or Adjustable?
I agree - having multiple different BitUSDs looks messy, and makes the whole thing look like an experiment. Another way to introduce interest would be to have a single BitUSD, but gradually raise its interest from 0% -> 1% -> 5% etc, whilst checking that the peg still holds.
BTSX description from detractor, NXT/Bitcoin supporters etc.
Unlike other digital currencies or DAC's that have either no inflation like NXT or defined limited inflation like Bitcoin. BTSX has the ability to print new money when required just like the Federal Reserve & the other central banks we all know and love! But unlike central banks which only create a little bit of inflation, BTSX can create a lot all at once! So in a 50% flash crash for example, where you've already lost 50% of the value of your BTSX, we could devalue you by up to a further 25%! Won't that be a fun few hours to remember! But don't worry about the smart money & professional traders because a minority can hedge themselves and the rest will just sell very early on in a crash leaving the regular guys like you holding the bag when there's a problem. It's just like a real economy! Welcome to BTSX - The future of money!
The key points are:
1. There should never be more than 2 billion XTS for any reason or Bitshares will be thought of as broken.
2. The loan should be an IOU which is just enough to cover the shorts or the volatility event and bring it all back into equilibrium.
3. Delegates pay a price for this in that none of them get paid as 100% of fees get burned while users also pay a price because fees are temporarily higher than usual.
This way the incentives for everyone is for this not to happen. Also include the ability to execute option 1 as a fallback mechanism.
You guys should seriously consider moving in a different direction with your marketing. This is a golden opportunity to have that conversation. Why don't you involve the community you currently have and come up with a stronger marketing plan.
Was it this statement from the July 4th Newsletter?QuoteAs a result, we are entering a period of rapid press announcements (partnerships, snapshots, protoDACs, and commercial DACs) every few weeks for the remainder of this season. Starting immediately…
If so, then stand by, hints about pending events may be found everywhere...
