Post
Topic
Board Altcoin Discussion
Re: Bitshares X inflating due to bugs and hacks
by
StanLarimer
on 03/10/2014, 20:09:19 UTC
The OP issue was detected and corrected within 48 hours by burning our own shares to get back down to the 2B cap.

The BitShares Trust purchased about 600 BTC worth of BTSX in August and announced it publicly as a move to diversify a small percentage of the BTC donations it holds.  No such purchases occurred in September at all although the Trust may chose to do more small purchases at some point in the future.

The purchases in August accounted for about 5% of the inflow of cash to BitShares X during that period and therefore did not have a significant impact on the market.

Since it was not enough to impact the market, it can only be viewed as an expression of confidence in the future value of BTSX relative to BTC.

 Smiley