Instead of changing a core principle they could've just:
- asked witnesses to shutdown CNY market
- shutdown transwiser
- pay for a professional price feed provider (via worker)
but it's easier to push your own agenda out of greed. I hope those involved will get voted out sooner rather than later, unfortunately, the language barrier prevents this.
Shutdown CNY market would have been a worst decision.
Some people are blaiming the temporary suspension of the force settle function just because they can not use it on the CNY market to gain free money at the expenses of the shorters.
Shutting down the CNY market would have had the same results for those people pov...no free money anymore. They would still blaiming the decision.
Plus:
The real "active" markets are mostly btc/bts, usd/bts, cny/bts.
Since both btc/bts and usd/bts have buy orders above the feed, using the force settlement has no sense at all, since you could sell at better price than feed price.
That means that the temporary disable of the force settlement only affect cny market.
BUT, shutting down cny market, not only would prevented the use of the function, but would also completely stopped any trade at all.
No one could have sold or bought cny anymore, and no one could have started to put some buy orders above the feed as now.
So ultimately shutdown the cny market was not a better decision at all.
Transwiser is not the only shorter in cny market. So it is not a better idea.
Pay for a professional price feed provider - I don't think it make any sense at all. There is no "professional price feed" and there is not "right" price feed.
There is "accurate" price feed *considering* external exchanges. So again, it is not a viable solution.
I am not going to reply on the "agenda" and "greed" part. Really. It insult me a bit. I have no gain on temporary disabling the function.
You guys should try to understand that we took that decision only because we think it was really the right thing to do to
for the good of the community as a whole.