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General Discussion / Re: Smart Coins & Forced Settlement
« on: December 01, 2015, 12:23:57 am »@clayopYou didn't answer my question. Tell me when bitCNY has premium than CNY. It's price feed in terms of CNY/BTS is always lower (e.g. 0.0203) than exchanged price (0.0207). Compare USD/BTS depth chart and CNY/BTS chart. You'll find the difference.Are you saying CNY/BTS (around 0.0203) or BTS/CNY (around 49)? I was saying CNY/BTS.you're not explaining yourself clearlyAnd bitCNY feed should be higher than CNY because the feed is a price of bitCNY, not CNYWrong statement. Sorry.Yes it does temporarily change the design of smartcoin. There was no emergency, if we change rules over non issues like this bitshares will not be trusted in the future. Yes I nearly paid 1 million bts to settle some bitCNYThere was some emergency, because someone (you may know who he is) was enjoying (for example, settled 4,200 CNY) free money with the wrong price feed. And you didn't pay 1 million BTS until your order is filled.No transwiser will not be able to sustain their business model if they sell 1 bitCNY for 1 CNYAgain, with this small difference, someone was exploiting the system.
the price feed isn't out that drastically, you can ask the witnesses to make adjustments but should not change the rules of a smartcoin contract overnight.[/color]
Who's the someone? Can you answer?
It's no secret I was buying bitCNY for less than the feed and settling it because I am a rational market participant.
I still have a big sub feed price buy wall up and will continue to profit from it again when instant settlement returns. :-)
I'm not exploiting bitshares I'm exploiting transwiser.