1. as a bitCNY holder, I think price floor means the minimal BTS I can buy with my bitCNY, it's BTS/CNY
so if you want to price it with CNY/BTS, it should be called price ceiling
so the settlement price should greater than real price we got from the exchange?
2. you have set a volume limit, I think of course you want to protect some attack.
but I think this volume limit is still too weak.
may I ask you, do you belive current 0.02CNY/BTS is the real price of BTS? do you belive there are no manipulate?
I think the price is totally unbeliveable, it's because of manipulate of couse.
what I have seen is the whals can manipulate the price so easy, and keep the period so long.
so I don't think the volume protect is enough.
and if somebody ask force settlement my short position at this price, I can never accept it. so my choise is I'll never short more bitasset.
we are lucky the whals don't read the whitepater carefully, if he know, he can force settlement all short position at such a long time.
I want to ask all the BTS holders, do you accepet the deal? whals buy out all your BTS at such a price, 0.02CNY/BTS
if the answer is no, never short, or this can happend very possible.
@alt X% force settle per day is independent with each asset
When I talk about prices I always think in FIAT prices. So USD per BTS or USD per BitUSD. I know this is the opposite of how many in crypto think in terms of their favorite token.
Few understand the whole system. Many have discussed it, understood it, and since forgot it. We have to "re-learn" many times unless you live/breath it full time.