BTWTY trading at a great excess of its settlement price

[yvv]

It has too few price feeds. But yes, when price feed is established it will be a good profit opportunity for shorters. Thanks for bringing this up.

[Gleepower]

Hey guys,

the BTWTY Smartcoin based on the crypto etf http://www.bittwenty.com/ currently (2017/12/24 17:00 GMT) has a settlement price of 446,681 BTS/BTWTY yet people are buying this at prices more than double this, at
1,094,101 BTS/BTWTY.

If you were allowed to short this market, you could sell the long position for more than the collateral you put in to short it, since the market price >= feedprice * 1.75. I don't understand why people are buying this smartcoin at such an incredible premium. Do the purchasers not understand that their effectively buying a callable loan for £5 for £12?

As an aside, why is no one allowed to short this? Doing so might allow its price to go to a reasonable level - giving us a nice diversified etf in crypto secured on the blockchain.