Quote from: Thul3 on April 29, 2019, 01:51:50 pm

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Second, MSSR is too large.

MSSR is too large ?How does it come no margin call is getting bought if its too large?

To be fair, (I observed that) MSSR has nothing to do with whether margin calls would get bought.

We had a 10% MSSR before, in a downtrend bitUSD was usually traded at around 12-15% premium so margin calls didn't get bought.

We have a 2% MSSR now, bitUSD is traded at around 3.5% premium, nobody eats margin calls as well.

Only in an uptrend or when the price is bouncing up the margin calls will get bought.

      Exactly.  High MSSR is almost useless except to increase the premium.  101% is enough.
      Another problem is that the price increase on DEX has almost no effect on the feeding price.  This is very unfair.  The actual price on DEX (transaction price *bitcny premium) can at least serve as the bottom line for the feeding price.

       巨蟹同志，为什么这两天充值费率在4％以上，远大于mssr，爆仓单还是被吃呢？就是因为喂价还是低于内盘实际价太多了。就连你的GDEX的喂价，也低于内盘价*bitcny溢价。喂价底线的问题还是没有解决，见证人们的喂价规则都没有统一。
       这种原本不该成为问题的问题都解决不了，bts真的很难发展了。

There are two main factors that cause the current bitcny premium to be too high.
First, the feed price is lower than the actual price.
Second, MSSR is too large.

这样改的目的就是告诉市场，想吃爆仓单可以，但是必须bitcny的溢价在1％以内，你才能吃到，否则吃不到。这样也是实现了多空平衡。

In the rest of the world the price you need to pay for ANY crypto is the price on exchange and the exchange rate from fiat to crypto.
Why is the price of any crypto in the world not the real price including the exchange rate ?

The answer because markets can't add the cost of exchange rate from any gateway and therefor they list only the market price.
If you pay a 1% ,3% ,5% or -2% gateway fee thats your choice.

I would like also to ask to stop following bitcrab blindly because its annoying seeing people with the same question which clearly try to enforce his agenda.
Use your own mind instead of following someone blindly

The result of your request (bitcrabs agenda) would be that we would have no more arbitrage for margin calls.

     Lowering the feed price and increasing MSSR  will cause bitcny to appreciate.In this way, holders of bitcny have a stable arbitrage space.
     But this is extremely harmful to the whole system. We need bitcny to be stable. Stability is the basis of bitcny's application.
     Do not hinder the development of BTS because of personal interests.The system has obvious bug but you opposes correction.
     The feed price must be the real price, not the false price that ignores the conversion cost after many conversions.

In the rest of the world the price you need to pay for ANY crypto is the price on exchange and the exchange rate from fiat to crypto.
Why is the price of any crypto in the world not the real price including the exchange rate ?

The answer because markets can't add the cost of exchange rate from any gateway and therefor they list only the market price.
If you pay a 1% ,3% ,5% or -2% gateway fee thats your choice.

I would like also to ask to stop following bitcrab blindly because its annoying seeing people with the same question which clearly try to enforce his agenda.
Use your own mind instead of following someone blindly

The result of your request (bitcrabs agenda) would be that we would have no more arbitrage for margin calls.

Have you ever bought bts in RMB on the DEX?If you don't, you don't know the situation at all.

The  DEX recharge rate is the premium of bitcny.It is always changing on a large scale, which greatly affects the application of bitcny.

Which exchange have you ever seen with a recharge  rate of 1% today and 5% tomorrow?Should BITCNY's premium not be included in the actual price of bts?

Why is there a difference in BTS prices between exchanges? Because there are all kinds of Distribution costs, otherwise someone would have arbitraged.

 In major exchanges (including DEX), the highest price is the closest to the real price. Don't always think you are clever.

现在在内盘买一个BTS要花多少钱？
0.3443*1.0559=0.3635元
喂价多少？
0.3562
差了2％多。
再加上mssr2个点。充值费率就到了5个点了。完全是自作孽。

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surely users will borrow more, no doubt.

smartcoin lost some reputation because the GS of bitUSD, and because smartcoin is always in shortage, not because GS protection or margin call orders. some margin call orders stay there is not a problem.

Smartcoin lost their reputation because of Bsip42 and your OMO fund which leaded into a GS.BitCNY would be also in the GS if there would be no protection.It was you who drove them both in that situation with your permanent ignorace of other voices forcing everyone to push only your own point of view.
I didn't saw much action from you when bitcny was near gs.It was basicly fav and some other people trying to safe the ship.
People left smartcoins because it was your past actions which took their investment hostage and made that their CR wen't from 1.75 to under 1.1 where they lost majority of their investment to cheap buyers.Would the system have worked as it should they would have safed a lot of their investments.

The question here is not if somebody is going to borrow more but which timing will have a way better positive effect.
Your solution is clearly a waste of the reduce of MCR.

More important you said yourself in the past that you don't care about other opinions but only to achieve your own personal targets.
You even went so far to use ZB's wallet to vote for your own agenda which is very unethical and which is clearly against majority of community will.

Your past 12 months actions were ALL A TOTAL DISTASTER

You are like a grasshopper jumping from one shit into another shit.

Your OMO fund a total disaster costing the community millions and millions of BTS and reducing the value of BTS massivly.
Your BSIP42 causing the GS and massiv reputation loss.Part of community left because they lost nearly everything thanks to your BS BSIP42.
Your smartcoin bounty fund.You created it and just left it.We wasted nearly 2 million BTS for Biki and LAtoken .

These are the results of your past actions.

Now you are wasting a one time possibility to reduce MCR from 1.75 to 1.6 in a downtrend for what ?

Explain to me where is your issue waiting 1- 1 1/2 months ?

Where do you see the massiv amount of benefit reducing the MCR right at the moment risking that it effect will be marginal ?


And to be more clear i joined as proxy to protect the community and get the best out of bitshares also when it means to accept other point of views if they make sense.

You instead are accepting no other opinion and are so much dedicated to force your own point of view that you even go unethical ways.

Should this not stop i will go the same way as you do to protect the investors funds which you have no right to put in risk like you did in the past.

Also the voting would be not approved would you not use your shady tactics which i won't tolarate anymore.

I accepted you for a long time but forcing everyone to always accept only your own personal point of view using diffrent kind of shady actions ends to get any support of mine.

Also your defamation tactics on people like witnesses who doesn't change their settings to your personal favorised one won't be just ignored by me anymore.

The failure of bisp42 is due to the witness's wrong execution mode. The idea was originally completely correct.