Cause my english is poor,and i dont have enough time to modify,let me be bluntly.
I am a frequent trader, often "cut chives," I know very well the reasons behind the falling prices. If you need evidence, I can put some transaction records to prove my specialty - the evidence will show that I was a good trader, in most cases are cut chives, only in the bts, I was cut chives up-what a sad story! i call it"Faith pains" or "Cost of true love".
Price decline was due to investors departure,yes,they gone.
Market is a rather special place, filled with rational and irrational. When talking about the market, we should throw away the calculator, not 1 + 1 = 2 so simple. When it comes to the "dilution" will or not affect the price, we should not be holding a calculator, but to fully consider the impact of this matter on investor confidence. Investors leave because 1.btsx become more complex,so complex that is difficult to explain to most people - I mean changes in equity 2.3i dazzling showcase his capability to tamper with the bts - emphasized the "capability",dont tell me there is no damage，please once again throw away your calculator.3i has given many people many reasons to attack bts,no "zuo"(equal to play fire) no die.
Emphasize that: 1.only a simple model can attract investors - investors can easily understand, just like pts and ags.2.Profit model should be simple - invest one time, no need to be concerned about any more.OK,frankly, that means do not arbitrarily change the rules.Remember:trust is hard to built and easy to destroy .
I am very angry, not angry with what 3i had done, but 3i has not yet aware of the problem, still no respect for market rules.
Am i agree with 3i now rules? Yes, if the beginning is so--at least not very bad.
But if PTS was not "POW",part of the BTSX was reserved for the developer and DNS was not born,that will be more porfect.
We must do something to make the situation better, from now on.a test chain? a good product manager? a good economic model for the division?
We need ALL!
1.Take the new asset-publishing rule as a example(on the line suddenly,damn!): auction or pay,which is better? floating charge or a fixed fee,which is better? 12345 letters asset charging rules can be refined? Why not protect these assets previously like BITUSD?
People can low-cost registered a number of BTS account, this is the first mistake; System critical account name was not protected previously, which is the second; after the market is on line, a lot of people lost money, unable to open positions result in burst positions, this is the third.If the farther back then, we can also found that many did not do things, and these things could have been avoided.
A test chain can largely solve this problem.
2.An easy to use wallet is the best publicity, can refer to Apple.
3.Economic model is the most important thing, do not arbitrary change, any change would have damage investor - even if it seems the system is not damaged. You can try several times on the test chain, or take to do mathematical modeling. In short, do not hurry to finish the work, to be stable.