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Quote from: R on March 21, 2020, 12:25:30 pmBack to feeding fake bitUSD price feed values, fail. bitUSD is not a store of value anymore for holders.I also think the time is too long , we should let bitUSD have a normal feed price So let's do it? Do you like to make a proposal for bitUSD?I will vote for it.and i think we can chose different team from committees and wittness to manage different bitasset, so we can see the result, how about?Someone creat the HONEST.USD, i think his team can charge the bitusd to make bitusd more better, what do you think?
Back to feeding fake bitUSD price feed values, fail. bitUSD is not a store of value anymore for holders.
Quote from: R on December 21, 2019, 01:04:19 amQuoteRecognise the reality. @RSo Who was dumping bts to the market?beos?ohThis has zero relevance to bitUSD being more than 50% devalued by BSIP76. Long term holders dumping is a symptom of refund400k & bsip76 consequences imo.Oh. @RRecognise the reality.What blind your mind for so long time?
QuoteRecognise the reality. @RSo Who was dumping bts to the market?beos?ohThis has zero relevance to bitUSD being more than 50% devalued by BSIP76. Long term holders dumping is a symptom of refund400k & bsip76 consequences imo.
Recognise the reality. @RSo Who was dumping bts to the market?beos?oh
It's time to change strategy... I think it's time to activate the BAIP2, let us try this one as it is obvious that threshold feed price is no longer working, or better still deactivate BSIP76 for now, I think debtors have been given enough time to pay their debts... BitCNY and BitUSD are now devalued by over 30%, they are currently useless as they cannot perform the role they are originally meant to play ... As stable coins meant to be used as a hedge with BTS, it may originally worked by having a threshold but right now it's no longer working
A full month later, we're in the same position.BTS worth $0.024193 looking at CMC, last feed price is 28.98571 BTS/bitUSD aka $0.03449, so (1-(0.024193/0.03449))*100 = 29.85% below the correct feed price.
After forced vacation from this forum, I am finally back!
Sapiens has a point. Bsip76 is effectively taking a Globally Traded and long term marketed as stable asset and creating an artificial difference in its price, and that is being done in order to benefit a specific group of people. Out of the top of my head I can think of at least 5 different reasons why this can make for a legal investigation.
Sapiens has a point. Bsip76 is effectively taking a Globally Traded and long term marketed as stable asset and creating an artificial difference in its price, and that is being done in order to benefit a specific group of people. Out of the top of my head I can think of at least 5 different reasons why this can make for a legal investigation. I mean, think what would happen if Tether all of a sudden decided to devalue its coin by 10 or 20%!!!Also, the regular protocol was violated when changing the price-feed and several claims of witnesses being forced to adjust the price-feed or to vote the Bsip have been ignored. One thing that must be understood is that whatever change is done in the Bitshares protocol will have a small yet global effect already. Whoever proposes or implements something here, is dealing not only with his money, but also with someone else's. This is no children's game. Finally, whoever doesn't want to be treated as a criminal, shouldn't act as one.
Sapiens has a point. Bsip76 is effectively taking a Globally Traded and long term marketed as stable asset and creating an artificial difference in its price, and that is being done in order to benefit a specific group of people.Out of the top of my head I can think of at least 5 different reasons why this can make for a legal investigation. I mean, think what would happen if Tether all of a sudden decided to devalue its coin by 10 or 20%!!!Also, the regular protocol was violated when changing the price-feed and several claims of witnesses being forced to adjust the price-feed or to vote the Bsip have been ignored.One thing that must be understood is that whatever change is done in the Bitshares protocol will have a small yet global effect already. Whoever proposes or implements something here, is dealing not only with his money, but also with someone else's. This is no children's game. Finally, whoever doesn't want to be treated as a criminal, shouldn't act as one.
Well, The only one left crying will be you and your perverted logic once FBI, Interpol or your harsh communist authorities find out what you and your gang have been coercing other witnesses to do. I don't see how this is not financial criminal activity. Recently G7 pronounced against stable coins. They called them a threat to global financial system. What will authorities do once they find out that an asset, long time marketed as stable, had its price feed faked by voting power created out of thin air and extortion to key role players in a decentralized community?https://www.coinstaker.com/the-g7-global-stablecoins/Enjoy the news you idiot.
Quote from: Thul3 on October 14, 2019, 05:52:51 amThe feed is irrelevant.What is relevant is the real price on DEX for which you get BTS for your bitUSD.Big lie! If I want to force settle, which is supposed to be my right as a BitAsset holder, I will be offered the price-feed value, not the market value. Thence, price-feed is totally relevant.
The feed is irrelevant.What is relevant is the real price on DEX for which you get BTS for your bitUSD.
At this very moment on CMC:1 Bts = 0.027473 USD = AAccording to the DEX's fake and corrupt and greedy price-feed: 1 Bts = 1/price-feed = 1/28.98551 = 0.0345 = BSo, the percent difference is: 100 x (B-A)/A = 25.6 % !!!!Now, tell me where did you get your 9%
1 BitUsd now is around 20% below the peg. So, BitCrab and CN-vote gang, will you let it go 50% off the peg to save your greedy and careless asses? What a shameless and outright theft you are doing!