Why require a minimum of a month?
I'm not anywhere near the same maths or trading level as you guys but these are my thoughts.
- Instead of selling their BitAssets for BTSX in a bubble or in a panic during a technical problem. BitAsset holders are now incentivised to hold and not create as much volatility.
- Not sure about this one, but doesn't giving people an incentive to hold, take some BitUSD out of general circulation so there will be less available for shorts looking to cover for example thereby increase demand and making BitUSD average closer to the peg than the few % below I hear it averages now?
- Doesn't this proposal reward savers over traders?
Just like keeping your funds for any length of time on a centralised exchange is risky, till BTSX has proved itself so too is holding BitAssets. (BitAsset savers take on a lot of the risks of BTSX with few of the benefits) Maximising their reward attracts genuine saving not just trading demand for BitAssets.