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I think the principle rule should be make SILVER worth 1 SIVLER.you make SILVER worth x4, it's the same wrong to make it /4, but obviously the share holders don't care about it.this is why I quit.enjoy your fun.
1. do you think this is a flaw? or it's a right logic?
If this revaluation happens faster than the short positions can be forced to cover, then all SmartCoins are liquidated at the exchange rate of the least collateralized short position. This is similar to an insolvent bank converting its deposits to equity.
2. did you descipe all the rules changed because of BSIP18 really clearly? did you descipe this rule?where have you discuss these?
When a market-pegged asset undergoes a global settlement, [,,,] the outstanding debt (the BitAsset long positions) are still collateralized through the settlement pool at the fixed settlement price. It is even possible that the value of the collateral exceeds the nominal value of the MPA significantly.Bugfix: MPAs that have seen a global settlement cannot be settled after the price feed expiresIt has turned out that force-settling an MPA requires a valid price feed even when the MPA has a settlement_price set. This is clearly a bug, since in that case the settlement price is independent from the price feed. Furthermore, publishing price feeds is no longer possible after a global settlement, so the time when settlement is possible at all is limited to the expiration period of the price feed of the MPA.This bug will be fixed. See https://github.com/cryptonomex/graphene/issues/664#issuecomment-254056746 for a discussion.
3. did the share holders really know these rule? and who reviewed these rules? who make the decition to change rule like this?
4. who will take responsibility for the fault?5. how do you avoid next mess up?
You might want to add that the original promise of bitassets was that in the event of a global settlement/black swan, those that are long on that asset can settle it into collateral at black swan price.A bug prevented them from being able to do that, so that they were stuck with their long position.That said, BSIP18 did *NOT CHANGE* any rules but fixed the behavior of the code to match the intention of all documentation around bitassets.Discussion here:https://github.com/bitshares/bsips/blob/master/bsip-0018.md#bugfix-mpas-that-have-seen-a-global-settlement-cannot-be-settled-after-the-price-feed-expireshttps://github.com/cryptonomex/graphene/issues/664#issuecomment-254056746https://bitsharestalk.org/index.php/topic,24322.0.htmlhttp://steem.link/yJByxand above in this threadIf you need someone to blame, then blame me.Is this a loss for the ecosystem? I don't think so. Why? Because we have revived bitassets which IMHO is a huge signal.Did any trader lose? No, because they have been "settled" at black swan timeDid any long lose? No. They actually gained independent of the black swan price, because they can finally settle their long as was promisedDid BTS holders pay the price, yes of course. The network had the bug that prevented longs from setteling to begin with.Also, if it wasn't for the "bug", someone who was long on SILVER and forgot about it for 3 months would now see the same with BSIP18 as without BSIP18, with the only difference that he is now happier because he **CAN** settle into BTS.
If this is a flaw, this has to be corrected, such that when the next black swan happens, we don't have the same problem. @pc, what do you think?
the point is there is a flaw before the price feed acitve,but our share holders and core team don't think it's a flaw.they will screwed up again.
Guys, let's calm down and discuss the issue a civilized way. If mistakes were made, lets's identify them clearly and work out a solution on how to correct them.
the force settle shouldn't be allowed before the feed price worked.then SILVER would not become such a Joke.who made this silly logic in the core?and who take responsibility for it?no, in fact the share holders think this logic is right. they have done another awesome worker.congratulations to the Great Bitshares community.
Please tell me what we could have done better. Maybe it will help next time.
How did it happen guys that you didn't work out the fork such that it does not piss off anybody? Alt was a very good witness and he shut down btsbots together with his witness node, which is a lot of pity...
btsbots.com will not support the fork because of the unreasonable trade logic.
How did it happen guys that you didn't work out the fork such that it does not piss off anybody?
Final reportThe hardfork containing the BSIP-18 implementation paid by this worker was activated today. So far, everything seems to be working as expected.* People are now able to settle bitAssets that are in black swan state. The first settlement happened soon after the hardfork time, in block http://bitshares-explorer.io:9009/#/blocks/22475777 .* Some witnesses have reactivated price feeds for most of the bitAssets that were in black swan state. The following assets have been revived instantly after a sufficient number of feeds became available: CASH.USD, GRIDCOIN, HKD, NZD, RUB, SEK, SGD and TUSD. KRW will probably follow soon, it currently has 6 of 7 required feeders.* GOLOS has enough feeders, but is still waiting for collateral bids.* It seems to be consensus among witnesses that holders of GOLD and SILVER should be given some time to settle, before price feeds are reactivated. At the current BTS price, SILVER would be revived instantly, while GOLD would require additional collateral.Unfortunately it seems that @alt hasn't upgraded, as he previously announced. His witness node dropped out immediately after the fork. Please remove your votes.My work on this has now been completed. I will request payment from the BitShares Foundation.
Unfortunately it seems that @alt hasn't upgraded, as he previously announced. His witness node dropped out immediately after the fork. Please remove your votes.
Quote from: fav on July 13, 2017, 04:59:12 amQuote from: xeroc on July 12, 2017, 06:46:01 pmbsips are only one thing to work on .. it just happend that the first worker is for a particular bsip ..but this thread is about this one specific BSIP, isn't it? My questions are only about BSIP 18Oh .. peter is implementing it .. once done chainsquad will take care for auditing and code quality .. as well as managing the worker through an escrow .. soon, two more people will be involved in escrowDoes that answer your question?
Quote from: xeroc on July 12, 2017, 06:46:01 pmbsips are only one thing to work on .. it just happend that the first worker is for a particular bsip ..but this thread is about this one specific BSIP, isn't it? My questions are only about BSIP 18
bsips are only one thing to work on .. it just happend that the first worker is for a particular bsip ..
Quote from: wackou on July 12, 2017, 02:52:10 pmAwesome!! This has been a long time coming, and was (in my eyes) really a pain point and a weakness of the BTS blockchain. Glad to see this is finally getting fixed, and glad to see that pc is on it! technically, @pc is a contractor on the bitshares foundation ... that's not to say he could and should become a board member too, but i don't want to mix up to many things at the same time ..Quote from: fav on July 12, 2017, 03:08:32 pmhow many ~hours and people are we talking about?Currently, we are three - the foundation is running for almost a year or so .. but we want to extend the team and board ..This is probably going to happen over August ..
Awesome!! This has been a long time coming, and was (in my eyes) really a pain point and a weakness of the BTS blockchain. Glad to see this is finally getting fixed, and glad to see that pc is on it!
how many ~hours and people are we talking about?