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Stakeholder Proposals / Re: [Committee Proposal] Set force_settlement_offset of bitCNY from 2 % to 5%
« on: February 29, 2020, 09:18:26 pm »
Everyone should clear: force settlement = Exchange Rate Manipulation.
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There is a easy fix for your problem. Use real price feeds instead of fake price feeds.
The prices fixed or guided by the government was very common in China, but i found it was well received by the foreign friends, especially in force settlement,
NOW, you should understand, amigo, we used the fixed and guided price by the government as our principle from the beginning.
This proposal is ridiculous.
YES. OMG we agree on something bitasset related! Mark the day on the calendar! Festival next year!
...but I'm not sure which is more ridiculous:
increasing from ridiculous 2 to ridiculous 5
or
having the ridiculous notion of "force settlement offset" at all
*perplexed*
IMO in order to update a parameter of a bitasset, a BAIP is needed.
This proposal is ridiculous.
every trader is clear that force settlement is the power to keep BTS/bitCNY price close to force settlement price, increasing force settlement offset will definitely lead to higher bitCNY discount. and will give no help to the market.
after implementation of BAIP2, force settlement is playing an important role in BTS liquidation offering. and it create a lot of trading chance for both bitCNY holders and debt position owners.
to avoid making things worse, I hope every committee member follow his own logic and judgment, not to support this proposal.
Just accept the fact, people are not interested to hold a broken mpa.
You could also use your BTS to provide a real mpa, like HONEST.Assets.
Why not accept the fact, no one is interested to hold a broken MPA?