Gian Balsamo
Aug 22, 2017 · 1 min read

I agree with you, Vikas. It’ll be an hecatomb. But it’s not that a short contract will be treated any differently than a long one on Prism. The odds will be 1 to 1 on either case. And the need to incentivize the deposit of a collateral will be proportional to the partialities of the majority. So, as long as most players prefer to go long, it costs you nothing in collateral interest to go short. And if short and long contracts are each 50% of the total, nobody pays a cent on collateral interest. However, if the majority becomes partial to short contracts, then it is you who have to pay collateral interest. Wink wink: the more you argue publicly the case of going short, the smaller your chances are of being in the shorters’ privileged minority. I hope we’ll talk in person soon!

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    Gian Balsamo

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    Criptologist