why would they swap? they cant risk a loss
Atomic cross-chain swap has zero risk attached.
Zero. It is 100% trustless.
The pegging mechanism merely provides a mechanism for market makers to adjust supply of sidecoins based on demand.
I must be missing something here.
In a previous post you wrote that :
"we should expect a peg transaction to take at least 2-3 days to fully clear,[/font] depending on the final choice of parameters".
My previous post was based on this.
To me this means that if I am a vendor selling or buying a real asset for a sidecoin- or a future DAC performing a contractual obligation, that even if a commitment was made- that no transaction will be executed before the 2-3 days full clearance. if not than what is the significance of the 2-3 days? let it be something to disregard in the background. but in real world of contracts and assets this cant be disregarded.
1) am I missing the point here?
2) the same with converting sidecoins back to btc because I want fiat. can i sell my btc after swapping even without the 2-3 days full clearance period?