BTS is just a bank that every bitasset created is backed by x2 BTS in collateral. As long as 1 BTS has some value bigger than ZERO your investment in bitassets is secured
So please do your research first, stop spreading FUD,
About that: it's x3 collateral - not 2.
And BTS doesn't have to fall to zero - it just has to fall enough so that the collateral is not covering the costs.
Or the price of the pegged asset has to rise enough.
Which btw. makes it worse than the baseball cards example by Zer0Sum. Those have at least some independent value - even if manipulated. BTS on the other hand is directly tied to the success of the pegs. If one of them falters, the other will too.
I am ready to accept this if you are ready to accept that BTC has no value as well.
Bitcoin, created out of thin air and the birth certificate for its creation recorded for the future generation... not redeemable for anything ever, btw.
Everyone knows BTC can fall. Everyone knows there is no object you can redeem if it does.
But remember BTS is (
straight from their website):
"Better than a swiss bank account".
"Save in Gold, Silver, Gas, Anything"
"Never Frozen"
"Free Market Decentralization!"
Even the supporters here admitted that rather:
BitAssets are derivatives with hidden risks.
You don't save in anything but BTS...
...which can collapse, evaporating your money.
And it holds so far because of central intervention.