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RE: BitShares Bouncing Nicely Off of 5 cents
Thanks for the heads up on the Margin Call. Looks like bitUSD holders might be sweating a possible Black Swan at the moment.
Haven't looked at this space in a long time, but this is the problem with using crypto-collateral to back stable coin implementations.
I wouldn't want to be holding a lot of bitUSD right now either...it will be interesting to see how this plays out.
If a black swan happens, what happens to the people who are on margin call?