Quote from: kuzetsa on July 27, 2012, 09:48:43 AM

Quote from: sebnow on July 27, 2012, 09:35:48 AM

...The issuer is able to simply create more shares, and can place a bid at any price. The price is determined by the issuer. The bid is just like any other, so if there's an ask for the same price it will be matched and that person automatically buys the shares.

That sounds reversed to me. I thought it would go more like this:

Bid = person is buying shares for some BTC price

Ask = liquidating shares, sold at BTC price

As such, wouldn't the issuer be selling shares at some sort of BTC ask price?

Thanks, but nevermind for now I guess. I'm simply too sleepy to understand right now, and I have something I need to do in about 7 or 8 hours. (Still need to sleep before then, and where I live, the sun is coming up in the next 10-30 minutes or so)

Indeed, my bad, I had just woken up Tongue

.