You are viewing a single comment's thread from:RE: Heronomex Pre-Launch the "HERO Billion Dollar Challenge" - Live Webinar (3rd July)View the full contextView the direct parentashaman (57)in #bitshares • 8 years ago Here is the link I already included in the comment you replied to, which contains the explanation of the mechanism that enforces price stability of SmartCoins. It is also prominently displayed at bitshares.org.
From your link:
"In all but the most extreme market conditions, SmartCoins are guaranteed to be worth at least their face value"
Ah, so in all situations except the exact situations you most need price stability, these have price stability.
Does that sentence not severely worry you?
I mean, this is a system that runs on forced settlement and we are seeing pretty regular flash crashes in Nasdaq, Ethererum, etc.
PS - Thanks for the link.