I think our bitCNY problem is caused by people in China moving from CNY into (other) cryptos, using bitCNY and BTS as intermediates. I. e. CNY -> (via magicwallet) -> bitCNY -> (via forced settlement) -> BTS -> BTC (or other cryptos).
Exactly, this is pretty evident. They need market makers to create a flow of money in opposite direction to fix this problem.
you always avoid to mention the wrong feed price from poloniex, just want the market makers to do something, i dont know why?!
What BTS is?!
ls there anything wrong people moving CNY into other cryptos and use BITCNY and BTS as intermediates?
People chose the market, not the market chose people.
The force settlement make the market to balance, but the wrong feed price make the force settlement to the wrong direction, do you think how much time needed to fix the wrong feed price?! do you have the timeline? one day,one week,one month or one year?
Do you think the malicious force settlement is good for the market?! the wrong feed price not need to be fixed?
or you think the market wiill fix the problem itself?
Economic liberalism need a fair market, not a malicious market.
When the Satan come, we cant just say "GOD,HELP ME,GOD WILL SAVE US!", we need help ourself.
Do somthing, not just talk.
Maybe 5% is not the best idea, but some problems must fix now, not wait somebody to fix it at a long long long time, or wait the BTS DEX dieing slowly!