Forget Smartcoins, how about Dreamcoins?

[Stan]

I don't know if BTWTY can be qualified as a dreamcoin but so far its growth has been quite impressive.

Charts : www.bittwenty.com

It has tiple its price in 18 months ... so ... now that we have something cool to sell out to the world, we just need THE whale to buy BTS, borrow and sell BTWTY, move up the BTS market faster than the BTWTY grows and everybody get its reward ! The whale have its ROI and long terme investors in crypto have a fast growing crypto index fund.

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Very good.  It definitely fits what I was thinking of in the OP.

I've made the coin, you find the whale ... deal ? ;p

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Sounds reasonable...  :)

[EstefanTT]

I don't know if BTWTY can be qualified as a dreamcoin but so far its growth has been quite impressive.

Charts : www.bittwenty.com

It has tiple its price in 18 months ... so ... now that we have something cool to sell out to the world, we just need THE whale to buy BTS, borrow and sell BTWTY, move up the BTS market faster than the BTWTY grows and everybody get its reward ! The whale have its ROI and long terme investors in crypto have a fast growing crypto index fund.

Sent from my SM-G935F using Tapatalk

Very good.  It definitely fits what I was thinking of in the OP.

I've made the coin, you find the whale ... deal ? ;p

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[天籁]

I don't know if BTWTY can be qualified as a dreamcoin but so far its growth has been quite impressive.

Charts : www.bittwenty.com

It has tiple its price in 18 months ... so ... now that we have something cool to sell out to the world, we just need THE whale to buy BTS, borrow and sell BTWTY, move up the BTS market faster than the BTWTY grows and everybody get its reward ! The whale have its ROI and long terme investors in crypto have a fast growing crypto index fund.

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The only whale is BTS Reserve Pool.

[Stan]

I don't know if BTWTY can be qualified as a dreamcoin but so far its growth has been quite impressive.

Charts : www.bittwenty.com

It has tiple its price in 18 months ... so ... now that we have something cool to sell out to the world, we just need THE whale to buy BTS, borrow and sell BTWTY, move up the BTS market faster than the BTWTY grows and everybody get its reward ! The whale have its ROI and long terme investors in crypto have a fast growing crypto index fund.

Sent from my SM-G935F using Tapatalk

Very good.  It definitely fits what I was thinking of in the OP.

[EstefanTT]

All this margin call mechanism is VERY confusing. Not sure that increasing MSSR is a good idea.

I agree, complicated, it is !

The problem is that if I let those margin call orders to far below the real price of the market, they won't be filled and when BTWTY will reach a higher price that could trigger a black swan.

That's why I can't let this 110% at the moment. The premium is really high and I need that margin call orders looks kind of interresting for shorters.

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The problem is that when you increase MSSR, you increase a safe collateral ratio too, which is equal to MSSR*MCR. This may fix the margin call problem in short term, but it may have negative impact in long term, because collateral ratio is what determines leverage (lower CR = higher leverage). Higher leverage (lower CR) makes shorting more attractive. This issue needs some good brainstorming before taking any actions.

Indeed, it has to be carefully thought.

The best place to brainstorm is in this community but I didn't have any answer on the Telegram channel.

I'll consider opening a thread and hope some people can join and discuss it. >>> Edit : I've opened a thread : https://bitsharestalk.org/index.php/topic,23654.0.html

The mechanism is really complexe and it would help my reflexion to have others opinions.

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[yvv]

All this margin call mechanism is VERY confusing. Not sure that increasing MSSR is a good idea.

I agree, complicated, it is !

The problem is that if I let those margin call orders to far below the real price of the market, they won't be filled and when BTWTY will reach a higher price that could trigger a black swan.

That's why I can't let this 110% at the moment. The premium is really high and I need that margin call orders looks kind of interresting for shorters.

Sent from my SM-G935F using Tapatalk

The problem is that when you increase MSSR, you increase a safe collateral ratio too, which is equal to MSSR*MCR. This may fix the margin call problem in short term, but it may have negative impact in long term, because collateral ratio is what determines leverage (lower CR = higher leverage). Higher leverage (lower CR) makes shorting more attractive. This issue needs some brainstorming before taking action.


You see, current high premium is a temporary thing, and the price will get closer to feed when liquidity spins up, but changing MSSR is sort of permanent fix, which may not do good in the future.

[EstefanTT]

All this margin call mechanism is VERY confusing. Not sure that increasing MSSR is a good idea.

I agree, complicated, it is !

The problem is that if I let those margin call orders to far below the real price of the market, they won't be filled and when BTWTY will reach a higher price that could trigger a black swan.

That's why I can't let this 110% at the moment. The premium is really high and I need that margin call orders looks kind of interresting for shorters.

Sent from my SM-G935F using Tapatalk

[yvv]

All this margin call mechanism is VERY confusing. Not sure that increasing MSSR is a good idea.

[EstefanTT]

Another topic ... I'll change soon the BTWTY current MSSR (SQP or maximum short squeeze ratio) percentage (110%).

We have actually on BTWTY:BTS a margin call order sitting way behind the first buyer. That could potentially be a problem if the market keeps trading with such a big premium and the price of BTWTY keeps moving up.
We need to increase this ratio to be sure margin call orders get filled quickly.

We are deciding at the moment which percentage would be the fittest for this market. I'm asking in this thread because it's full of the best speculators on BitShares markets ;)

Any opinions ?

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[EstefanTT]

I don't know if BTWTY can be qualified as a dreamcoin but so far its growth has been quite impressive.

Charts : www.bittwenty.com

It has tiple its price in 18 months ... so ... now that we have something cool to sell out to the world, we just need THE whale to buy BTS, borrow and sell BTWTY, move up the BTS market faster than the BTWTY grows and everybody get its reward ! The whale have its ROI and long terme investors in crypto have a fast growing crypto index fund.

Sent from my SM-G935F using Tapatalk

[bitsharesbrazil]

in my opinion as long as you see orderbook full n growing n trading its sustainable.......

[nomoreheroes7]

So they printing USD pegged SD which is covered by  STEEM, which is printed by converting SD at internal market, which is subsidized by printing even more STEEM?

Yea, I've been having trouble wrapping my head around that myself. Where does the value come from? If the answer is STEEM itself...I find it difficult to imagine it being sustainable long-term.

[nmywn]

So they printing USD pegged SD which is covered by  STEEM, which is printed by converting SD at internal market, which is subsidized by printing even more STEEM?

[kenCode]

It appears that https://steemit.com/steem/@steemitblog/introduction-to-steem-liquidity-rewards
is working...good volume for steem congratulations  :D

My opinion, the big market maker of steem is going to pay for this "incentive", because steem is printing more money to pay for this....

my suggestion for bitshares is a simple deal using worker proposal to hire a market maker for smartcoins n set with them parameters n targets, so we dont need code for this n will print some money the same way steem is doing, but in a simple way  :) bitCNY is doing good but certainly we can see it at least by 10x in dex with we choose a reasonable market maker n make a good deal......if the guys needs some extra thing we can discuss to develop.... Im not in a hurry here...just sharing for the best.

I will vote for this if the Proposal is solid. We need liquidity asap.

[bitsharesbrazil]

It appears that https://steemit.com/steem/@steemitblog/introduction-to-steem-liquidity-rewards
is working...good volume for steem congratulations  :D

My opinion, the big market maker of steem is going to pay for this "incentive", because steem is printing more money to pay for this....

my suggestion for bitshares is a simple deal using worker proposal to hire a market maker for smartcoins n set with them parameters n targets, so we dont need code for this n will print some money the same way steem is doing, but in a simple way  :) bitCNY is doing good but certainly we can see it at least by 10x in dex with we choose a reasonable market maker n make a good deal......if the guys needs some extra thing we can discuss to develop.... Im not in a hurry here...just sharing for the best.