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« on: April 10, 2020, 08:06:47 am »
will give an answer on several aspects in this weekend.
1.Chinese committee members and cn-vote
Yes, Chinese members constitute the majority of committee.
not all Chinese committee members represent cn-vote, actually only kang8 and zhouxiaobao-2010 are proxies of cn-vote, abit, jademont, btsai and me are neutral.
Yes, Chinese committee members communicate more between each other than with others because of sharing the same culture, language, timezone, etc. but this does not mean we decide things by ourselves without discussing with other members.
operations like claiming bitCNY fee and buying back BTS are daily operations, in my view it's important to do this in high efficiency, with informing all the committee members.
I don't know what deal cn-vote has made with BEOS, but I don't think that's a big problem, in my view BEOS is even healthier than some whales in voting.
2. core prelude worker
yes, sometime before China community terminate the old core worker. because:
1. in the bear market core team always sell BTS to press price.
2. China community do not feel what the core team is building is what they really need.
but even with the help of ZB, now the refund400K get only 5.8 billion voting power, too high? don't you think it's reasonable for a worker to get higher voting power to get fund?
in recent past, I feel it's necessary to reorganize the core team work and suggest to the community, DL did a lot coordination work on this, he talked to each team member, he discussed with all big voters, China community also has discussed on this, finally the consensus is the core prelude worker, and a subsequent main worker which is still in plan, with P2P Lending as the main new feature.
the core prelude worker is for 4.0 launch with some added charging features. which is greatly needed at this moment.
for the force settlement fee, suppose we set bitCNY force settlement fee as 1%, if one day 1M BTS settled, system will get 10K BTS as fee, I don't know why you always talk about $5/day.
maybe you dislike this worker, up to you, but this worker really come out after long time discussion, it get great support in China community.
3.picture of Bitshares.
what I describe below is a picture of Bitshares in my brain, it is not drafted by myself, but by many people, it is not definitely the future of BTS, it need to go across voting and implementation to realization.
redefinition of smartcoin:
the core flaw of the initial smartcoin design is that it always lead to death spiral, which make debt position owners always pay a lot for the peg of smartcoin, and if always make down trend of BTS price.
BSIP76 and BAIP2 redefined smartcoin to an updated derivative of BTS, the updated bitCNY is a derivative that not linked to the market price of BTS, but to a function of market price of BTS, exactly speaking, bitCNY ~ max(0.22, MA24 of BTS, real time price of BTS).
the updated bitCNY do not focus on the real time pegging to CNY, however,it peg to CNY sometime and peg off other time, and the pre condition is that BTS price go and stably keep above 0.22CNY, this change removed the death spiral but make bitCNY a financial tool for risk hedge,arbitrage and speculation.
DEX income supported token
the core prelude worker add several new features of charging, the accumulated fee will be used to buy back BTS to support BTS price.
trading contest/order mining is another important feature of current BTS, market making is one important feature of exchange, trading contest is to encourage market making, and it will finally lead to higher system income.
P2P Lending
it will be the most important feature in the subsequent main core worker, it will enable the leverage trading between any assets.