surely users will borrow more, no doubt.
smartcoin lost some reputation because the GS of bitUSD, and because smartcoin is always in shortage, not because GS protection or margin call orders. some margin call orders stay there is not a problem.
Smartcoin lost their reputation because of Bsip42 and your OMO fund which leaded into a GS.BitCNY would be also in the GS if there would be no protection.It was you who drove them both in that situation with your permanent ignorace of other voices forcing everyone to push only your own point of view.
I didn't saw much action from you when bitcny was near gs.It was basicly fav and some other people trying to safe the ship.
People left smartcoins because it was your past actions which took their investment hostage and made that their CR wen't from 1.75 to under 1.1 where they lost majority of their investment to cheap buyers.Would the system have worked as it should they would have safed a lot of their investments.
The question here is not if somebody is going to borrow more but which timing will have a way better positive effect.
Your solution is clearly a waste of the reduce of MCR.
More important you said yourself in the past that you don't care about other opinions but only to achieve your own personal targets.
You even went so far to use ZB's wallet to vote for your own agenda which is very unethical and which is clearly against majority of community will.
Your past 12 months actions were
ALL A TOTAL DISTASTERYou are like a grasshopper jumping from one shit into another shit.
Your OMO fund a total disaster costing the community millions and millions of BTS and reducing the value of BTS massivly.
Your BSIP42 causing the GS and massiv reputation loss.Part of community left because they lost nearly everything thanks to your BS BSIP42.
Your smartcoin bounty fund.You created it and just left it.We wasted nearly 2 million BTS for Biki and LAtoken .
These are the results of your past actions.Now you are wasting a one time possibility to reduce MCR from 1.75 to 1.6 in a downtrend for what ?
Explain to me where is your issue waiting 1- 1 1/2 months ?
Where do you see the massiv amount of benefit reducing the MCR right at the moment risking that it effect will be marginal ?
And to be more clear i joined as proxy to protect the community and get the best out of bitshares also when it means to accept other point of views if they make sense.
You instead are accepting no other opinion and are so much dedicated to force your own point of view that you even go unethical ways.
Should this not stop i will go the same way as you do to protect the investors funds which you have no right to put in risk like you did in the past.
Also the voting would be not approved would you not use your shady tactics which i won't tolarate anymore.
I accepted you for a long time but forcing everyone to always accept only your own personal point of view using diffrent kind of shady actions ends to get any support of mine.
Also your
defamation tactics on people like witnesses who doesn't change their settings to your personal favorised one won't be just ignored by me anymore.