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Just because they have a nice graphic with many little arrows pointing everywhere doesn't mean it's going to work better than what we have.
a) using the DEX price for the feed is dangerous because such feedback loops tend to oscillate, and
b) there is no such thing as a "correct" feed price when external markets are skewed due to political boundaries, so it is pointless to argue about it.
Just because they have a nice graphic with many little arrows pointing everywhere doesn't mean it's going to work better than what we have.I'm not against experimenting either, within reasonable bounds. All I'm saying is thata) using the DEX price for the feed is dangerous because such feedback loops tend to oscillate, andb) there is no such thing as a "correct" feed price when external markets are skewed due to political boundaries, so it is pointless to argue about it.
Using the DEX price for the feed creates a feedback loop, which is inherently dangerous.
Using the DEX price for the feed creates a feedback loop, which is inherently dangerous.The real source of the problem is that the markets are skewed, and arbitrage is difficult because of political boundaries. The consequence is that there is no single "correct" price. We've had that discussion before.IMO under these circumstances it is OK to increase the settlement offset, and perhaps also accept a higher premium by increasing MSSR. The resulting spread could cover the market differences and protect both sides.
I am not sure I can follow. Obviously, people don't see arbitrage opportunity when they see it.What is a "fair price" depends on perspective. For witnesses, the "fair price" is probably to consider markets with high volume to obtain a pricing of BTS against BTC then against CNYThe more markets there are between BTS and CNY, the more spread will be part of the "fair price".Ideally, we get bitCNY listed on more exchanges and we get BTS listed against fiat CNY. Then witnesses can add those as source for their price feed and arbitrage will close the gab.Blaming witnesses for inaccurate feeds is the wrong approach.
Quote from: alt on April 09, 2019, 06:13:29 amI am just kiding.there is big problem in this strategy, witness who use this strategy will lose my support.the current price feed also have big problem, we need to find some solution for this.otherwise, maybe we have to reset the force settlement offset back to 5%.
I am just kiding.there is big problem in this strategy, witness who use this strategy will lose my support.
Quote from: binggo on April 09, 2019, 06:39:53 amFeed price= (Median of witness feeds+DEX price)/2;Then, your only source of information is the internal price and the external becomes irrelevant.
Feed price= (Median of witness feeds+DEX price)/2;
Quote from: alt on April 09, 2019, 03:58:35 amcan't wait to change to this. you'd better update the feed price ASAP.I will borrow enough CNY to pull the DEX's price to 10CNY/BTS or higher, when your feed price change to 10CNY/BTS, I can reduce my collactory to 1.6X, get another millions free BTS. the big bad debt posision belongs to the system, to those who hold CNY, good thing is you have destroied the black swan, you just have a GS price protect at 10/1.6 CNY/BTS, Quote from: bitcrab on April 09, 2019, 03:34:06 amI suggest to take BTS/bitCNY price in DEX into important consideration, witness can firstly modify the DEX price with bitCNY premium/discount, then let this price be the bottom of feed price.calm down bro, I just think that some witnesses can feed price like this, I am not suggesting that all witnesses should do this.
can't wait to change to this. you'd better update the feed price ASAP.I will borrow enough CNY to pull the DEX's price to 10CNY/BTS or higher, when your feed price change to 10CNY/BTS, I can reduce my collactory to 1.6X, get another millions free BTS. the big bad debt posision belongs to the system, to those who hold CNY, good thing is you have destroied the black swan, you just have a GS price protect at 10/1.6 CNY/BTS, Quote from: bitcrab on April 09, 2019, 03:34:06 amI suggest to take BTS/bitCNY price in DEX into important consideration, witness can firstly modify the DEX price with bitCNY premium/discount, then let this price be the bottom of feed price.
I suggest to take BTS/bitCNY price in DEX into important consideration, witness can firstly modify the DEX price with bitCNY premium/discount, then let this price be the bottom of feed price.
can't wait to change to this. you'd better update the feed price ASAP.I will borrow enough CNY to pull the DEX's price to 10CNY/BTS or higher, when your feed price change to 10CNY/BTS, I can reduce my collactory to 1.6X, get another millions free BTS. the big bad debt posision belongs to the system, to those who hold CNY, good thing is you have destroied the black swan, you just have a GS price protect at 10/1.6 CNY/BTS,
After BSIP42 was unvoted, magicwallet just use a "medium" price for months (multi sources include BitShares blockchain). Same as clockwork, there is no USDT in any sources. In these days, as BTS price in BitShares are higher than **many** external exchanges, it seems the feed price is low. Now magicwallet changed to use a "mean" price, it is slightly higher. However, there is no perfect strategy. As many external exchanges has faked volume, the following equation may be better: mean( medium price of external sources , bts price in BitShares blockchain).For these days, the feed price seems low, but it is health in my opinion: It is a warning sign to not just use MPA( which is derived from BTS) to bring BTS up. On the other hand, it is hard to be manipulated to eat the margin call to make profit as the market price is higher.
Quote from: xeroc on April 08, 2019, 08:13:20 amGuys, please calm down ...Due to the use of "MEDIAN" in deriving the feed price on chain, you will **ALWAYS** .. let me repeat that: **ALWAYS**find half the witnesses produce a price that is *above* the price feed and the other half to be *below* the price feed!!I see, but the" MEDIAN" price is not a fair price, i don't think the price which come from the BTS/BTC price is a true fiat pirce, too many exchang and charge in there, BTS-BTC-USDT(now6.93)-USD(6.7197)-CNY.and i want to know what happened to the gdex-wittness, he is the highest in the last days, now he is the lowest!!!If we can't make a professional feed price,how we can make a StableCoin?
Guys, please calm down ...Due to the use of "MEDIAN" in deriving the feed price on chain, you will **ALWAYS** .. let me repeat that: **ALWAYS**find half the witnesses produce a price that is *above* the price feed and the other half to be *below* the price feed!!
fox、clockwork、blckchnd、elmato、crazybit、bangzi、magicwallt all ugly witnesscancer of the BTS
Quote from: ljk424 on March 27, 2019, 05:44:12 amYou have been submitting very low feed prices.Is it not for shorting the market?hardly low... within 1% of median.Yes, CNC and QC pairs are slightly higher but not by much. And other sources are lower. I feed what I feel is fair.That's the thing about medians, some will be lower/some will be higher.And no , I don't short the market... I don't really trade at all.You can call me a cancer if my feed was 5-10% lower. I don't appreciate the insults due to a 1% variance
You have been submitting very low feed prices.Is it not for shorting the market?
witness.yao 0.4113 0.4936 1.75 1.02 46秒钟前roelandp 0.4092 0.4910 1.75 1.02 1分钟前delegate-zhaomu 0.4108 0.4930 1.75 1.02 1分钟前crazybit 0.4061 0.5076 1.75 1.02 1分钟前gdex-witness 0.4130 0.5450 1.75 1.02 2分钟前witness.hiblockchain 0.4093 0.4912 1.75 1.02 4分钟前magicwallet.witness 0.4044 0.4853 1.75 1.02 4分钟前clockwork 0.4054 0.4865 1.75 1.02 5分钟前verbaltech2 0.4072 0.5090 1.75 1.02 5分钟前fox 0.4039 0.4847 1.75 1.02 6分钟前witness.still 0.4083 0.5103 1.75 1.02 6分钟前zapata42-witness 0.4117 0.4941 1.75 1.02 6分钟前xn-delegate 0.4059 0.4871 1.75 1.02 6分钟前bhuz 0.4110 0.4326 1.75 1.02 6分钟前delegate-1.lafona 0.4092 0.4910 1.75 1.02 6分钟前elmato 0.4053 0.4256 1.75 1.1 6分钟前btspp-witness 0.4104 0.4925 1.75 1.02 10分钟前openledger-dc 0.4093 0.4916 1.75 1.02 15分钟前sahkan-bitshares 0.4051 0.4861 1.75 1.02 26分钟前in.abit 0.4096 0.5251 1.75 1.02 29分钟前blckchnd 0.4019 0.4822 1.75 1.05 36分钟前xeldal 0.4078 0.4893 1.75 1.02 59分钟前bangzi 0.4084 0.4901 1.75 1.02 1小时前
Quote from: ljk424 on March 26, 2019, 12:48:34 pmare you kidding?magicwallet.witness 0.3850 1.75 1.02 clockwork 0.3888 1.75 1.02 crazybit 0.3882 1.75 1.02 blckchnd 0.3884 1.75 1.05 elmato 0.3867 1.75 1.1 sahkan-bitshares 0.3887 1.75 1.02 when bts 0.4 bitcny
are you kidding?magicwallet.witness 0.3850 1.75 1.02 clockwork 0.3888 1.75 1.02 crazybit 0.3882 1.75 1.02 blckchnd 0.3884 1.75 1.05 elmato 0.3867 1.75 1.1 sahkan-bitshares 0.3887 1.75 1.02