Here's some numbers that might help clarify my post.

Say bitUSD price is 50 and a short of 100 bitUSD is opened, requiring 5000 BTS from the long and 10000 BTS from the short as collateral, for 15000 in collateral in total.

Scenario 1 (fully collateralised)

Suppose bitUSD price goes to 75 and the short covers the full 100 bitUSD. This requires 7500 BTS in collateral to buy back at the new price, leaving 7500 (of the original 15000 placed into the pool) to be returned to the short. He has lost 25% of his original 10000 BTS.

Scenario 2 (under-collateralised)

Suppose bitUSD moves sharply to 200 before the automatic short cover can kick in. It now requires 20000 BTS to buy back 100 bitUSD to fully cover the short, but there is only 15000 BTS originally contributed by the long and short. So what is the rule here for how the 100 bitUSD get covered?

Thanks.

"In the rare event that the value of BTSX falls by more than 50% in less than an hour resulting in insufficient collateral, 100% of the collateral will be used to cover as much BitUSD as possible leaving some BitUSD uncovered. "

http://wiki.bitshares.org/index.php/BitShares_X#Overview

If Kim Dot Com likes this idea he probably create his own megatracks and copy this concept.

After I clicked the 2nd page of this thread my Chrome browser shows this warning message
The site ahead contains malware

Attackers currently on s14.directupload.net might attempt to install dangerous programs on your computer that steal or delete your information (for example, photos, passwords, messages, and credit cards).

One of the image link in the post is hosted in the directupload.net which is blocked by Google Chrome.

FYI

Any incentives to miners using this pool? If none, why not give extra coins like % from Delegate profit, just for marketing gimmick.
Most miners do not want to change pool if there is no extra benefits for them.

Just my 2 cents

I share and am excited by BMs freedom vision. And I think its a grand vision for people working in the ecosystem to make it happen. But the wider market of users of the tools and products I don't think care so much about a vision, so not a good marketing strategy. They need great utility from the tools and products, just like they get from Google tools, without ever knowing Google's grand vision. So to successfully meet the vision, and free as many people on this planet as possible, product utility is the foundation to build on.

With this merge, those who squat bitshares domains with X on it also affected. 

This should be moved to Random Discussion sub

Happy to do more than make a gesture.
Happy to continue to make the recommendation that any 3rd party developer that honors the original AGS/PTS should be honored and supported.  Two examples are BitShares Music and BitShares Play.   

But keep in mind the Ten Laws of the Crypto Universe.

https://bitsharestalk.org/index.php?topic=2876.msg35841#msg35841

Developers will do what they think they need to do to succeed.
And the Ten Laws will incentivize them to honor the strongest supporters.

We promise to compete aggressively according to those natural laws.
(A much more polite way of saying what you seem to want.)

Either way we intend to show PTS/AGS/BTS are three great ways for a new DAC to win.