This is why no serious business will ever accept bitshares as an underlying platform. Changing contract terms after it is done is bullshit. Terms should not be changed in such a way that they hurt users. You want to change something, apply it to new positions, terms of existing positions should be respected. No serious business will ever want to depend on a will of few anonymous dudes.
Very agree with you.
There are only two ways to deal with the Bitcny large fluctuation:
1. Increasing the minimum mortgage rate of initial mortgage, that is, the minimum mortgage rate that each mortgage can set should be more than 2.5 times to 3 times, instead of the current can be set to below 1.8 times , stop those who using mortgage to make a stop loss causing the continuous explosions.
2. The Bitcny force settlement offset reduced by 2.5% or less, now the 5% is clearly too high, there is no threat of low rate mortgage, resulting in this "subprime mortgage crisis." Committee should recognize this error, correct it early.