This is a surprisingly nuanced question, but let me give you the handwavy version: defined behavior implemented by professionals happens.
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Replying to @patio11
Now back to Bitcoin, the decentralized we-trust-no-god-but-math who-needs-a-counterparty my-database-is-a-blockchain financial system.
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Replying to @patio11
A consequence happened as a result of a token. This had never happened before, except for all the times that it had, and there was no plan.
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Replying to @patio11
So the trusted central parties that Bitcoin denies exist retroactively made plans, which were bad plans which had to be changed.
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Replying to @patio11
And then, as a result of the improvements, they closed the operational error on the distribution from about 25% to only about 15%.
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Replying to @patio11
There is a lot of hard, crunchy engineering (of both data and financial relationships) which makes that happen. It's actually really fun.
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Replying to @patio11
If you're wondering how 1 - 1 + 1 evaluates to 0.85, well, that was more of a policy decision than a math decision, because...pic.twitter.com/xKMQJVkCzI
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Replying to @patio11
Now you might wonder "In the bizarro world of the real economy, what happens to shorts when unexpected events impact the value of position?"
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Replying to @patio11
And if you guessed "I think they probably either gain or lose money, then, in fairly predictable way", you'd be mostly right.
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And is this a terrible user experience for the short? Well, yes, to a certain point of view. Sufficiently poor that it's opt-in only.
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Replying to @patio11
In fact, depending on your market, your broker is probably required by their regulator to have reasonable basis to certify your competency.
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Replying to @patio11
Because their regulator says "My it would be certainly negative if an unsophisticated investor was *surprised* a short could lose money."
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End of conversation
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