Author Topic: Listing BitUSD on centralized exchanges?  (Read 5249 times)

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Offline Simeon II

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Re: Listing BitUSD on centralized exchanges?
« Reply #30 on: July 30, 2014, 03:12:33 am »
the collateral is held by the network, if the person who did the shorting doesn't buy some from an exchange (centralized or not) and close their position, it gets destroyed when the margin gets reached. the person who went long bitUSD can do anything they want with it.

I see where I got confused. I thought it required collateral on both ends. Wow this is going to make it a quite a wild ride then, as there will be plenty of market inefficiencies in a constant battle between speculators, and those who need to convert one way or the other.

Grab the popcorn, it will be quite the show to watch while the beast evolves. :)

Yeap. This is one of the unaddressed issues, AFAKT.

System is supposed to work on pure market forces....well almost...

My concern is the possibility of a too strong of a bitUSD demand...    :) :) :) :)

…we will see… BM usually reaches the right decisions eventually.

Suggestions to him work but your handle has to be A86, so…

I am sure he will address the issue (probably in a 10x better way than I can suggest),

 but just and only when he himself feel the need to do so.

S II
« Last Edit: July 30, 2014, 03:20:37 am by Simeon II »

bitbro

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Re: Listing BitUSD on centralized exchanges?
« Reply #31 on: July 30, 2014, 03:22:31 am »
Simeon II, aka Satoshi

Offline Simeon II

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Re: Listing BitUSD on centralized exchanges?
« Reply #32 on: July 30, 2014, 03:25:37 am »
Simeon II, aka Satoshi

aka BM aka Agent86 aka bitbro

bitbro

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Re: Listing BitUSD on centralized exchanges?
« Reply #33 on: July 30, 2014, 03:26:56 am »

Simeon II, aka Satoshi

aka BM aka Agent86 aka bitbro

Mwahhaha

Aka AsymmetricInformation

Offline Simeon II

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Re: Listing BitUSD on centralized exchanges?
« Reply #34 on: July 30, 2014, 03:34:09 am »

Simeon II, aka Satoshi

aka BM aka Agent86 aka bitbro

Mwahhaha

Aka AsymmetricInformation

aka charleshoskinson  aka Decentralized Application aka NSA
« Last Edit: July 30, 2014, 03:40:47 am by Simeon II »

merockstar

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Re: Listing BitUSD on centralized exchanges?
« Reply #35 on: July 30, 2014, 03:34:48 am »

Simeon II, aka Satoshi

aka BM aka Agent86 aka bitbro

Mwahhaha

Aka AsymmetricInformation

aka Hopkinson (my spelling might be wrong as usual) aka NSA

aka AdamBLevine?


i'm back btw. ok gotcha simeon I misunderstood, what questions were needing answered?

merockstar

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Re: Listing BitUSD on centralized exchanges?
« Reply #36 on: July 30, 2014, 03:39:58 am »

Grab the popcorn, it will be quite the show to watch while the beast evolves. :)

ah. love the sound of that click.

not an easy sound to make.

merockstar

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Re: Listing BitUSD on centralized exchanges?
« Reply #37 on: July 30, 2014, 03:42:05 am »
.

My concern is the possibility of a too strong of a bitUSD demand...    :) :) :) :)


if bitUSD demand is overwhelming it will drive the price up, but people will see that, and knowing the bitUSD is supposed to be near the price of a dollar, they will be like "OH SHIT! I profit if I sell now!"

Offline Simeon II

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Re: Listing BitUSD on centralized exchanges?
« Reply #38 on: July 30, 2014, 03:44:19 am »
i'm back btw. ok gotcha simeon I misunderstood, what questions were needing answered?

Not many, I think... He grasped, it pretty fast...

Offline Simeon II

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Re: Listing BitUSD on centralized exchanges?
« Reply #39 on: July 30, 2014, 03:48:08 am »
.

My concern is the possibility of a too strong of a bitUSD demand...    :) :) :) :)


if bitUSD demand is overwhelming it will drive the price up, but people will see that, and knowing the bitUSD is supposed to be near the price of a dollar, they will be like "OH SHIT! I profit if I sell now!"

Sure.. that is a pure market thinking...

I think a valve, 'planned', for such rushes, is not so bad to have designed beforehand. @ market prices of course....

merockstar

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Re: Listing BitUSD on centralized exchanges?
« Reply #40 on: July 30, 2014, 03:50:21 am »
i'm back btw. ok gotcha simeon I misunderstood, what questions were needing answered?

Not many, I think... He grasped, it pretty fast...

indeed. I struggled with that shit. she (I assume you mean patty) must have experience in financial markets.

Offline Simeon II

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Re: Listing BitUSD on centralized exchanges?
« Reply #41 on: July 30, 2014, 03:59:05 am »
i'm back btw. ok gotcha simeon I misunderstood, what questions were needing answered?

Not many, I think... He grasped, it pretty fast...

indeed. I struggled with that shit. she (I assume you mean patty) must have experience in financial markets.

Actually you did understand it! And that for what 3-5 days. Most people don't EVER get the concept.
 + You know a lot of other staff that most people (including me) will never learn.

You are one of my heroes.

Offline bitmeat

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Re: Listing BitUSD on centralized exchanges?
« Reply #42 on: July 30, 2014, 04:04:12 am »
To clarify I'm a he. Name was krabby patty from spongebob square pants. But I'm not krabby anymore. :)

merockstar

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Re: Listing BitUSD on centralized exchanges?
« Reply #43 on: July 30, 2014, 04:07:56 am »
Actually you did understand it! And that for what 3-5 days. Most people don't EVER get the concept.
 + You know a lot of other staff that most people (including me) will never learn.

You are one of my heroes.

thank you Simeon.
I am flattered, I really am. It's kind of a mind-blow to me to be thought of like that.



patty, my apologies on the gender thing.

Offline Simeon II

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Re: Listing BitUSD on centralized exchanges?
« Reply #44 on: July 30, 2014, 04:12:10 am »
I would take it as a compliment if/whenever anybody  decides to call me she.

The GOD is she, btw.

So is satoshi.... I think.