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What happened to BitShares DEX??

BY: @bitshareboy | CREATED: Nov. 25, 2018, 6:24 a.m. | VOTES: 4 | PAYOUT: $0.49 | [ VOTE ]

It looks like everyone’s margin got called (including mine) and now I’m unable to do any more margins, I’m getting some error.

Did a black swan happen or something?

What the heck happened?

TAGS: [ #bitshares ] [ #bitcoin ] [ #black ] [ #swan ] [ #crypto ]

Replies

@vortac | Nov. 25, 2018, 8:06 a.m. | Votes: 1 | [ VOTE ]

Yes, black swan or global settlement or whatever you wanna call it - BitUSD got rekt. Very heavy blow for Bitshares.

@bitshareboy | Nov. 25, 2018, 3:21 p.m. | Votes: 0 | [ VOTE ]

When will we be able to borrow bitUSD again?

@scorer | Nov. 25, 2018, 9:13 a.m. | Votes: 0 | [ VOTE ]

I was sitting in a "safe" zone, but that did not help. 💀

@vortac | Nov. 25, 2018, 12:09 p.m. | Votes: 0 | [ VOTE ]

There was nothing you could do. You could have been at 10:1 collateral ratio, your debt would have been settled nevertheless. Global settlement.

@scorer | Nov. 25, 2018, 12:45 p.m. | Votes: 0 | [ VOTE ]

Yeah, I know. But this is the case when knowing something does not help much. 😂

@cm-steem | Nov. 25, 2018, 1:34 p.m. | Votes: 0 | [ VOTE ]

Just BitUSD right now, you can still borrow bitCNY and Hertz

@bitshareboy | Nov. 25, 2018, 3:23 p.m. | Votes: 0 | [ VOTE ]

Cool. When can you borrow bitUSD again after a black swan happens?

@scorer | Nov. 25, 2018, 4:35 p.m. | Votes: 0 | [ VOTE ]

You can read it in this post Detailed mechanism of global settlement (black swan) and reviving of bitAssets. From what I understood 24h.

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