What about giving this blocktrades's idea a chance?
We did try several things in the last months/years, I think we can afford another experiment, moreover if this experiment tries to rely more on our decentralized exchange.
I understand that there are some reservations and concerns, but I think we can try to apply some stratagem to remedy or at least to limit the possibility of negative outcomes.
For instance, we could try this new approach once the market making contest is started.
Thanks to the market making contest, we hope to have:
- Multiple reliable gateways with active deposit and withdrawal
- These gateways should gain more trust since they will provide evidence about their assets being fully-backed
- More liquidity/volume in specific inner markets
We could derive our bitassets prices from these same inner markets (directly or indirectly) that hopefully will see an increase in liquidity: such as BTS/BTC, BTS/ETH, and BTS/USDT
To avoid some bad feedback-loop and/or our inner markets being crashed due to higher pressure from cex's bts markets, we can still apply some trick that we already use.
We could feed:
max(price-from-inner-markets, price-from-cex)
or, in line with the latest proposal from cn-vote group:
max(price-from-inner-markets, moving-average-price-from-cex)
Thoughts?