Why are we giving this weener so much attention?

Quote from: trader on August 25, 2014, 11:06:29 pm

Whilst I share your expectation that we have only just started, that still doesnt answer the point that a 400% bull run makes a 50% crash very likely, and not a "black swan" scenario.

Apologies, my post could have been clearer.

When assets bubble and crash it is because value flows into and then out of the asset.

With BTSX it is a one way trip. Value enters via BTSX and flows to cryptives backed by BTSX.

So when BTSX 'crashes' the value flows to bitUSD, bitCNY etc. rather than to fiat, BTC, etc.

This, combined with the very high mobility of crypto-equity (crypto-value?) may result in sustained absorbtion of a vast amount of capital that never leaves the system.

Ie. BTSX just keeps going up. And up. And up.

At least that's what I'd like to see...

Sorry but this is assumes that most BTSX trading takes place on the X exchange, which is not the case. And its not a satisfying answer for someone who is not yet convinced by BTSX.

BTSX is proving itself pretty well on the market. I have collected enough BTSX to cover the cost of running delegates for the entire year. As a result I have decided to decrease my payrate to 0%. With this increase in market cap and transaction volume we should certainly increase the earnings per share.

That's awesome - we sure do save a lot of money not having to pay for miners

Quote from: trader on August 25, 2014, 10:08:34 pm

As I understand it, if there was a 50% crash right now, the peg would be screwed because trading is disabled therefore shorters cant be forced to cover. Is that just about correct?

In that case, wouldn't they be forced to cover once the market comes back into action??

Yes but if the shorts did not post enough collateral, they could get away not losing as much BTSX as they should when the market re-opens. Im just trying to figure out how BTSX deals with this.

50% pullback over how long? 1 hour? That's fine...

So is the point that if the 50% pullback is an hour or longer, then there will be enough time to force the shorter to cover i.e. a margin call. That's the point right?

BitUSD offers variable interest rate depending upon how far below the 1:1 BitUSD:USD you can get it for.

BitUSD5 will offer 5%, but it isn't live yet.

I dont understand - how does the buying price that you got BitUSD for impact on what interest rate you get ?

BitUSD is in circulation!!!

Wahoo!