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General Discussion / Re: EMERGENCY : the market is broken
« on: March 22, 2015, 01:10:18 am »
I am slightly shocked how much the developers ignore the severity of this bug.
The asset market is BitShares' most important feature. If we were only to worry about funds not being stolen we could just stay with Bitcoin, right?
With shorting broken and the 10% penalty for expiry still in place (is it?) this will dry up the asset market, break the peg (they will be trading at 110% if at all) and piss off those few who are willing to still short in this bear market damaging liquidity for the next weeks/months.
If you want a safe quick fix, reduce the 50% max APR to something like 5%. This is one single variable and surely can not break anything else.
The asset market is BitShares' most important feature. If we were only to worry about funds not being stolen we could just stay with Bitcoin, right?
With shorting broken and the 10% penalty for expiry still in place (is it?) this will dry up the asset market, break the peg (they will be trading at 110% if at all) and piss off those few who are willing to still short in this bear market damaging liquidity for the next weeks/months.
If you want a safe quick fix, reduce the 50% max APR to something like 5%. This is one single variable and surely can not break anything else.