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Technical Support / Re: Transfered OPEN.eth to Mist.. No funds showing.
« on: July 30, 2016, 06:17:21 am »
It seems to have arrived, just a longer delay.
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100,000 bts x 0.5 cent = $5000 with a collateral ratio of 2.5 would create $2000 bitUSD ( plus when sold by the committee for BTS it would create an additional 40,000 bts which could be either added to the collateral or used to create even more bitUSD)
Obviously it makes no sense to sell bitusd below the feed price as anyone could buy them up and then force settle them for a profit as I have done in the past.
Theres plenty of willing buyers for bitUSD but nobody wants to buy with huge mark ups.
Note that STEEM's payout in STEEMUSD can only be withdrawn slowly in 2 years.
Thanks, any specific API's you like to see added??
5. Make BTS non-transferable
When most of the transfers outside our internal exchange are happening with BitBTS, it won't be difficult to just disallow BTS transfers entirely.
This link: https://bitteaser.com/for-investors explains a lot about the business.I think they should hire cass because that investor page does look like made by a schooldboy.