Thank you! I'll do some further reading.
RE: How to join the HERO Challenge as Leader and Participant
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How to join the HERO Challenge as Leader and Participant
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I think the HERO concept is interesting, but it contains some weird little hidden risks that stan never mentions.
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Thank you so much for your post links! I just finished reading them both and really enjoyed them. I still have a lot to learn, but I think I mostly track with the conversation.
I created some HERO to play around with this and before reading your article I ended up initiating a settlement. I tried selling, but there wasn't enough liquidity. I'm long BitShares, so I currently see HERO as just another mechanism for shorting the USD. The settlement price, currently, seems better than the price I see being traded, so I just went with it. This is my first time doing a settlement, so I'm not completely sure what will happen. My margin ratios are currently above 6:1, but if someone else is at 5:1 or 4:1 and they happen to be the lowest ratio, will they be forced to buy my HERO and give me BitShares? I think that's how things work, but I didn't realize it was based on whoever happens to be the lowest collateralized position.
I agree with you, I think this is a very interesting project, and I like how you are talking about it respectfully and asking important questions. Great stuff. I can't upvote your month old posts, but I'll upvote some comments to spread some love. :)
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