[Poll] BSIP76:Set bitCNY feed threshold

[R]

interesting, why shall I trust you, not my eyes?

https://www.nytimes.com/2020/04/02/us/politics/cia-coronavirus-china.html
https://www.bloomberg.com/news/articles/2020-04-01/china-concealed-extent-of-virus-outbreak-u-s-intelligence-says
https://www.bbc.co.uk/news/world-asia-china-52321529
https://www.youtube.com/watch?v=0CC6ChW-CQg
https://www.thetimes.co.uk/edition/news/no-10-drops-china-from-coronavirus-death-toll-list-dxfr92fdk

They hit their threshold and set a fixed feed like bitCNY 🤔

we just updated the design of bitCNY, in old times bitCNY is a derivative that base on BTS real time price. now it is a derivative that base on one function of BTS price

Without providing bitasset holders a vote, without changing the asset details nor website's technical documentation to reflect these changes. A cover up.

Why not instead buy more BTS to cover bad debt positions than defraud bitasset holders?

surely this change hurt bitCNY holders, but it solve the death spiral and benefit BTS future. the decision is made mainly by China community, include most of the bitCNY holders.

No doubt it hurt bitasset holders, 70%+ loss of asset value is a substantial second bailout of bad debtors without their permission. bitCNY is no longer a stable store of value for savers nor retail, new smartcoins are being created with substantially higher credibility than bitassets.

Death spiral is subjective, the spiral has already occurred for the asset holder not the bad debtor; global settlement at real prices would have provided an opportunity for traders, denying this core trading activity disincentivizes buying BTS at these high prices.

[binggo]

surely this change hurt bitCNY holders, but it solve the death spiral and benefit BTS future. the decision is made mainly by China community, include most of the bitCNY holders.

This logic is very very stupid, this didn't solve anything and it's very harmful to the BTS future.

Don't blame that to the China community！

and how did you get this conclusion "include most of the bitCNY holders"?

Just want to beg the price arising to rescue, this is ...... very pathetic!

[bitcrab]

It's an identical problem - when faced with an unacceptable situation the outcome has been to repeatedly provide fake numbers.

Trust me when I say nobody believes China has solved the problem, they're simply lying about the figures, exactly like how BSIP76 proponents have behaved with bitCNY (provide fake numbers to escape an undesirable reality). https://www.youtube.com/watch?v=llgCCybOZoA

Why does my location matter? No courts are open; if I was in china would you be demanding my incarceration? Sad. I may or may not currently reside in the fully independent nation state of Taiwan.

interesting, why shall I trust you, not my eyes?

we just updated the design of bitCNY, in old times bitCNY is a derivative that base on BTS real time price. now it is a derivative that base on one function of BTS price.

surely this change hurt bitCNY holders, but it solve the death spiral and benefit BTS future. the decision is made mainly by China community, include most of the bitCNY holders.

[binggo]

It's an identical problem - when faced with an unacceptable situation the outcome has been to repeatedly provide fake numbers.

Trust me when I say nobody believes China has solved the problem, they're simply lying about the figures, exactly like how BSIP76 proponents have behaved with bitCNY (provide fake numbers to escape an undesirable reality). https://www.youtube.com/watch?v=llgCCybOZoA

Why does my location matter? No courts are open; if I was in china would you be demanding my incarceration? Sad. I may or may not currently reside in the fully independent nation state of Taiwan.

You are talking about the thing you didn't know, the thing also can be "Trump: 'You don't know what the coronavirus numbers are in USA', ".

This is political attacks and subject, you can talk about it in anywhere, but please not here.

Stakeholder Proposals

Propose, discuss, and approve BitShares witnesses, workers, proxies, committee members, and other parameter changes.

[R]

In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.

BS. Global settlement would have nullified this bad debt issue & we'd likely have recovered by this point.

BitAssets weren't created to defraud the bitshares community, yet here we are - the committee owned bitassets now permanently disgraced scamcoins.

Shame on you for fundamentally destroying the integrity of bitassets permanently.

On the upside, at least we know now that china's lying about their covid figures since these bitCNY fixed feeds are seemingly fully acceptable to the CCP. Had you not led the bitassets to defraud the entire Bitshares community I might have taken the CN Covid figures at face value and not prepared as well as I did for this quarantine. Cheers mate 👍

if you want to discuss bitCNY issue, let's focus on it, covid figures is another irrelevant problem.

and it's clear that China has solved internal problems and is now helping the whole world. as a Chinese that live in Shanghai I am clear what happened here.

BTW, where do you come from?

It's an identical problem - when faced with an unacceptable situation the outcome has been to repeatedly provide fake numbers.

Trust me when I say nobody believes China has solved the problem, they're simply lying about the figures, exactly like how BSIP76 proponents have behaved with bitCNY (provide fake numbers to escape an undesirable reality). https://www.youtube.com/watch?v=llgCCybOZoA

Why does my location matter? No courts are open; if I was in china would you be demanding my incarceration? Sad. I may or may not currently reside in the fully independent nation state of Taiwan.

[bitcrab]

In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.

BS. Global settlement would have nullified this bad debt issue & we'd likely have recovered by this point.

BitAssets weren't created to defraud the bitshares community, yet here we are - the committee owned bitassets now permanently disgraced scamcoins.

Shame on you for fundamentally destroying the integrity of bitassets permanently.

On the upside, at least we know now that china's lying about their covid figures since these bitCNY fixed feeds are seemingly fully acceptable to the CCP. Had you not led the bitassets to defraud the entire Bitshares community I might have taken the CN Covid figures at face value and not prepared as well as I did for this quarantine. Cheers mate 👍

if you want to discuss bitCNY issue, let's focus on it, covid figures is another irrelevant problem.

and it's clear that China has solved internal problems and is now helping the whole world. as a Chinese that live in Shanghai I am clear what happened here.

BTW, where do you come from?

[R]

In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.

BS. Global settlement would have nullified this bad debt issue & we'd likely have recovered by this point.

BitAssets weren't created to defraud the bitshares community, yet here we are - the committee owned bitassets now permanently disgraced scamcoins.

Shame on you for fundamentally destroying the integrity of bitassets permanently.

On the upside, at least we know now that china's lying about their covid figures since these bitCNY fixed feeds are seemingly fully acceptable to the CCP. Had you not led the bitassets to defraud the entire Bitshares community I might have taken the CN Covid figures at face value and not prepared as well as I did for this quarantine. Cheers mate 👍

[R]

I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.

The best thing that could happen to bitshares is for you personally to end up in concrete box with bars after an anonymous report to state security and exchange commission.   And all your friends and associates locked up and fined as well. 

Please somebody, do us all a favor, and report this asshole:

CHINA http://www.csrc.gov.cn/pub/csrc_en/about/contact/
USA https://www.sec.gov/tcr
EU https://www.esma.europa.eu/whistleblowers-corner

If you report to SEC you may be eligible for up to 10% of any money recovered as a reward!

Flectere si nequeo superos, Acheronta movebo.

just report it yourself, don't you like the reward?

the decision is made by community through voting, not by myself.

So what you're saying is fetch all historic votes for price threshold WP & include them in the report as co-conspirators of this scam? You did orchestrate this scam so you're not off the hook just because others approved it - that's like saying the guy that ordered/planned/coordinated a hit didn't commit murder just because his gang voted on it, doesn't work like that buddy.

[bitcrab]

I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.

The best thing that could happen to bitshares is for you personally to end up in concrete box with bars after an anonymous report to state security and exchange commission.   And all your friends and associates locked up and fined as well. 

Please somebody, do us all a favor, and report this asshole:

CHINA http://www.csrc.gov.cn/pub/csrc_en/about/contact/
USA https://www.sec.gov/tcr
EU https://www.esma.europa.eu/whistleblowers-corner

If you report to SEC you may be eligible for up to 10% of any money recovered as a reward!

Flectere si nequeo superos, Acheronta movebo.

just report it yourself, don't you like the reward?

the decision is made by community through voting, not by myself.

[litepresence]

I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.

The best thing that could happen to bitshares is for you personally to end up in concrete box with bars after an anonymous report to state security and exchange commission.   And all your friends and associates locked up and fined as well. 

Please somebody, do us all a favor, and report this asshole:

CHINA http://www.csrc.gov.cn/pub/csrc_en/about/contact/
USA https://www.sec.gov/tcr
EU https://www.esma.europa.eu/whistleblowers-corner

If you report to SEC you may be eligible for up to 10% of any money recovered as a reward!

Flectere si nequeo superos, Acheronta movebo.

[binggo]

I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.

You are wasting BTS time，may i will call you "The killer of BTS".

Your explanation is weak，it even can't convince yourself，but it can bamboozle your followers, how pathetic，blinded by the endless greed.

The reality will show the ignorance of somebody, ok, it has shown.

[bitcrab]

In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.

You give an example that you didn't understand until now，that is such an irrelevant example.

If other stablecoin use BTS as collateral, then you will get a very good pretext to blame which is the culprit can't make BTS survive！

How pathetic and preposterous！

Then who is the killer to BTS？

I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.

[binggo]

In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.

You give an example that you didn't understand until now，that is such an irrelevant example.

If other stablecoin use BTS as collateral, then you will get a very good pretext to blame which is the culprit can't make BTS survive！

How pathetic and preposterous！

Then who is the killer to BTS？

[bitcrab]

In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.

[R]

BSIP76 is a scam. Even to this day the bitshares.org website misleads investors: https://bitshares.org/technology/price-stable-cryptocurrencies/

BSIP76 has HUMILIATED CNY on an international stage & destroyed the credibility of bitassets as a store of value permanently.

Shame on all BSIP76 proponents.

If you do not understand what sense does BSIP76 make, update yourself.

bitshares.org need update.

we understand BSIP76 make bitCNY&bitUSD peg off, but there is no better choice.

to stop the death spiral from destroying BTS, we have to do so.

what we need to do is make BTS price above the threshold stably, the way is to make the system income support BTS price, and that is what the core prelude worker focus on.

BSIP76 has repeatedly defrauded tens of thousands of bitasset holders via BSIP76. This has been worse for BTS than all the proposal scammers combined detrimental impact on bitshares. Shame on BSIP76 proponents for degrading the reputation&value of bitassets to save yourself/friends from bad gambling outcomes.

It's not just the website that deceives users, but it's also the CNY asset details which lie about it being pegged to the CNY. It's not pegged to the CNY but a fake number. Why lie about the asset? Why humiliate the real CNY & China like this?

The correct outcome should have been globally settlement, as originally intended, as fully known/acknowledged by all bitasset participants. Face reality instead of cheating the system to the direct detriment of the platform as a whole.