Quote from: fuk on October 14, 2019, 02:10:09 PM

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Anybody can make stablecoin collateralized with bytes on Obyte

bytes is illiquid asset. You can't use it as collateral, because if you need to liquidate it, you will crash the market and cause liquidation of the rest collateral. Your stable currency will crash like a house of cards

That's same nonsense as saying that can't trade GBYTE because there is no liquidity. If you don't put your bytes to order book and just talk that there is no liquidity, of course, then there is no liquidity. Less complaining and more doing.

I haven't yet had problems buying/selling GBYTE, I just put the order up near market price and within 12 it usually gets filled. If somebody decided to crash the price meanwhile, I adjust the price to market price and it gets filled in next 12 hours. So far, never taken more that 24 hours, price volatile enough to fill any order near market price.

Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.