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General Discussion / Re: bitUSD : dead ?
« on: December 12, 2018, 01:14:43 pm »
Is it possible to refund bitUSD pool to reduce GS price just sending some BTS to the pool ?
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What happened with bitUSD is that each coin is now exchangeable to BTS at the rate when the Black Swan was triggered. But this conversion is not done automatically but users have to click a button. I have no idea why it was implemented this way as a lot of people still believe that bitUSD is somehow linked to USD. But it only was until the moment of settlement. Now it is just another token that is worth 20 BTS. It has exactly the same risk profile as BTS.
bitUSD may get restarted in the future when all positions are closed or the settlement fund is at 175% collateral again. But for now it is just 20 BTS. Many still argue that buying bitUSD is great because the peg will eventually return. But for that to happen BTS must rise in value first. So it is really no different to hold one bitUSD or 20 BTS!
frankly speaking, bitCNY is already in black swan status if the feed price reflect the real market price.
however, I don't think it's good to return to feed real market price and leave black swan happen for bitCNY, as we have seen in bitUSD, after black swan happened, now the peg break, borrowing stop, hard to revive.
I suggest to protect bitCNY from black swan by setting a black swan protection price, say black swan protection price = global settlement price*1.11.
feed price = max(market price, black swan protection price)
then when market price goes up, the margin called orders will be eaten step by step, the black swan protection price become lower and lower, and bitCNY has chance to revive.
Thoughts?
The algorithm buys back the asset but the collateral stays the same which leads to ever-increasing collateral ratio, even far beyond maintenance collateral ratio (MCR) which is not behavior that I would expect.
Sur certains wallet en POS, nous pouvons en le laissant ouvert gagner en récompense de participation des crypto (correspondant au wallet).Bitshares est en DPOS seules les "witnesses" élu par les utilisateurs de bitshares peuvent valider les blocs, ils sont rémunéré en conséquence par les commissions généré par bitshares.
Si j’ai bien compris ce wallet est un écosystème (sans minage) avec du POS, est-il possible de faire ceci ?
Nous parlons de moyens de payement plus rapide et sécurisé, actuellement un projet (juin2018) va permettre de pouvoir utilisé une CB dans notre vie de tous les jours, EOS.
Avons-nous des informations sur l’utilisation de ce moyen de payement, va-t-il transformé nos crypto en argent réel, avec quels frais ?