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Messages - binggo

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421
General Discussion / Re: Force Settlement Delay, Offset, Loop and other mechanics
« on: April 01, 2020, 12:28:57 pm »
https://bitsharestalk.org/index.php?topic=32176.0

Bear and bull is decided by the market, no one know when and where it is.

In my opinion, force Settlement shouldn't exist, it is a tool of planned economy，will kill the active of market and the ecology of bitasset.

Most of the stablecoin didn't have it, but they did more and more better than BTS.

Consensus and enough collateral is the two legs of stablecoin，it is very easy to understand.

Also somebody still worried about the DEX price will get out of control，that's because BTS didn‘t have any financial instruments.

Force Settlement just like:

The price of house in the market is very high, so let's Force Settlement the mortgage in the bank，get the collateral which is house, then sell them into the market.




422
General Discussion / Re: Market making contest (main thread)
« on: March 31, 2020, 11:37:23 pm »
So, which committee can answer these questions?


    Now i must question the Market making contest：

    1. Did the MM have checked the trade volume for so long time？or considered it as a measure of the "liquidity"?

    2. Did the MM have checked the growth rate of new effective users for so long time？or considered it as a measure of the "result"？

    3. Did the MM have a BSIP for the community to vote？or the fund can be used easily by Committee without the vote of the community？

    In a way, the MM became a joke slowly, only have expenditure，nothing gained.

423
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 31, 2020, 05:39:14 am »
Quote from: bitcrab on March 31, 2020, 03:13:59 am
surely this change hurt bitCNY holders, but it solve the death spiral and benefit BTS future. the decision is made mainly by China community, include most of the bitCNY holders.

This logic is very very stupid, this didn't solve anything and it's very harmful to the BTS future.

Don't blame that to the China community！

and how did you get this conclusion "include most of the bitCNY holders"?

Just want to beg the price arising to rescue, this is …… very pathetic!

424
General Discussion / Re: BAIP5: Set force_settlement_offset of bitCNY from 2% to 5%
« on: March 31, 2020, 05:21:02 am »
Quote from: sahkan on March 31, 2020, 03:12:43 am
5% is too low, let's make new rules:
- Force settlement  100%
- Price feed can never be lower than the last price feed
- if you try to transfer your bitAsset, it will be automatically send it to the issuer
- if you try to sell it, it will also go to the issuer
- if you do nothing with it for 10 days ... well, it will also go to the issuer
- and when you get more bitshares you have to go buy bitAssets before you do anything else...

Don't act like a kid.

425
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 31, 2020, 12:30:35 am »
Quote
It's an identical problem - when faced with an unacceptable situation the outcome has been to repeatedly provide fake numbers.

Trust me when I say nobody believes China has solved the problem, they're simply lying about the figures, exactly like how BSIP76 proponents have behaved with bitCNY (provide fake numbers to escape an undesirable reality). https://www.youtube.com/watch?v=llgCCybOZoA

Why does my location matter? No courts are open; if I was in china would you be demanding my incarceration? Sad. I may or may not currently reside in the fully independent nation state of Taiwan.

You are talking about the thing you didn't know, the thing also can be "Trump: 'You don't know what the coronavirus numbers are in USA', ".

This is political attacks and subject, you can talk about it in anywhere, but please not here.

Quote
Stakeholder Proposals

Propose, discuss, and approve BitShares witnesses, workers, proxies, committee members, and other parameter changes.


426
General Discussion / Re: Hello 👋
« on: March 31, 2020, 12:03:29 am »
Quote from: R on March 28, 2020, 01:19:00 pm
Quote from: binggo on March 25, 2020, 11:55:38 pm
if using the global settlement to crash all the debtors, then the confidence and liquidity will lost very quickly, no one want to come in again.

if using the BSIP71 or lock the feed price, the devalue of bitasset will become very seriously, the market will lost confidence very quickly too, and will harm the benifit of the holder of bitasset, they will leave very quickly.

You think anyone has any confidence left in bitassets to lose? It's entirely gone now mate, people are already unlikely to return. bitCNY & bitUSD have already been SEVERELY devalued, upwards of 71% as mentioned above, there is ZERO benefit to the asset holder from this, thus there can be no confidence in these dead scam coins any more. BSIP76 proponents chose this future, it cannot be forgotten. IMO they should lose the 'bit' prefix for being confirmed scam assets.

We are talking different thing, you just want to complain something again and again, didn't have any new thoughts appears, just want to follow the failed design by BM, sorry about that, talking is over.

427
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: March 30, 2020, 08:02:46 am »
Quote from: R on March 30, 2020, 12:09:10 am
Quote from: binggo on March 29, 2020, 12:47:03 am
Quote from: R on March 28, 2020, 11:41:39 pm
The consequence of  global settlement already applies to bitasset holders; their held bitassets have depreciated significantly in value & they cannot be settled for the correct accurate value. Fixed feeds are not normal prices.

You misundertand something or not undertand something.

A bitasset is just like a country, now you shut down it, kill all the debtor(incloud healthy debtor),  people will choose to run away, no liquidity output, just make matters worse.

Global settlement is a very failed mechanism, it has been proved by the reality.

We should or must make a more better mechanism.
People are already running away from bitassets because they're SCAMS in their current state. Global settlement would have retained some resemblance of credibility, now BSIP76 proponents have zero credibility.

Fact is the bitassets are dead scamcoins, move onto new smartcoins which haven't been destroyed by loser gamblers.

Let's don't talk about the "scam" or something, focus on the topic.

Global settlement:

Bitbtc is already in Global settlement, let's check:

Reviving   
Auto Revive Price (without/with bids)   0.00004230 bitBTC/BTS / 0.00003467 bitBTC/BTS


Price Feed:                       0.00000258 bitBTC/BTS
DEX Market price:             0.00000903 bitBTC/BTS
Force Settlement Price:   0.00002417 bitBTC/BTS
CEX price:                        0.00000258 bitBTC/BTS

so...this is the problem, everyone had lost the motivation.
Market liquidity and confidence had lost.
Bitbtc holders and debtors were developing into a lose-lose situation.
Only hope is waiting the price rising.

BSIP76 has the same situation like Global settlement.
Market liquidity and confidence had lost.
lose-lose.
Only hope is waiting the price rising.

--------------------------------

Why can't we isolate the bad debts（which the Collateral Ratio <1), use the bonds and income of bitasset to handle it?

1. feed price still will be normal；
2. still can pledge；
1 and 2 will provide the motivation and liquidity
3. The hope will not only is waiting the price rising.

428
General Discussion / Re: Review of BAIP2
« on: March 29, 2020, 11:35:42 pm »
Quote
Not a price feed moving average,  not MSSR = 1, not MCR = 1;

I think you are one extreme，bitcrab is another extreme. :(

429
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 29, 2020, 07:18:56 am »
Quote from: bitcrab on March 29, 2020, 06:50:01 am

I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.

You are wasting BTS time，may i will call you “The killer of BTS”.

Your explanation is weak，it even can't convince yourself，but it can bamboozle your followers, how pathetic，blinded by the endless greed.

The reality will show the ignorance of somebody, ok, it has shown.

430
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 29, 2020, 05:01:48 am »
Quote from: bitcrab on March 29, 2020, 03:46:23 am
In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.


You give an example that you didn't understand until now，that is such an irrelevant example.

If other stablecoin use BTS as collateral, then you will get a very good pretext to blame which is the culprit can‘t make BTS survive！

How pathetic and preposterous！

Then who is the killer to BTS？

431
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: March 29, 2020, 12:47:03 am »
Quote from: R on March 28, 2020, 11:41:39 pm
The consequence of  global settlement already applies to bitasset holders; their held bitassets have depreciated significantly in value & they cannot be settled for the correct accurate value. Fixed feeds are not normal prices.

You misundertand something or not undertand something.

A bitasset is just like a country, now you shut down it, kill all the debtor(incloud healthy debtor),  people will choose to run away, no liquidity output, just make matters worse.

Global settlement is a very failed mechanism, it has been proved by the reality.

We should or must make a more better mechanism.


432
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: March 28, 2020, 10:35:17 pm »
Quote from: R on March 28, 2020, 01:20:25 pm
Quote from: binggo on March 24, 2020, 11:43:21 pm
Ok, let's check the others how to design the stable coin, how to to prevent bad debt.

Maybe this can awaken someone.

MOV Stable Financial System

https://cdn.bytom.io/res/MOV-Stable-EN.pdf
Another NON solution. The solution was global settlement. Stop evading the consequences of bad gambling. BSIP76 shames CNY on an international level.

The global settlement is not the solution, it's will give more worse result to the normal debtor and holder, bitgold,bitbtc,bitsilver had been global settlement very long time, it didn't solve any problems.

Bonds give a choice to holders of biassets, and didn't need to bear too much dangerous, help to solve the bad debts getting the interest from the Bonds, or just want to wait the market giving a choice or surprise.
feed price will still be normal price.

433
Stakeholder Proposals / Re: [Worker Proposal] 2020 Core Development (Part 1/2)
« on: March 28, 2020, 12:53:53 pm »
Quote from: bitcrab on March 28, 2020, 09:02:10 am
I believe that charging 1% on force settlement will not lower the volume dramatically.

Yes the current trading volume in DEX in low, but definitely we need BSIP86 as a tax infrastructure.

and charging on margin call is also a must.

Yes we need DeFi, P2P Lending is on discussion in the next core worker, but we need this core prelude worker first. 

I hope you and @alt be the contributor, not the obstructor of BTS evolution.

Quote
BTS evolution
?

I think you even didn't understan what's that mean.

How are you so definitely in this? how to prove?  In my mind, you have defined something in the past.

This mini mainnet releases spent too much, but got less, only BSIP74 have its role, but BSIP76 and BAIP2 may make it useless.

I think you still didn't have any clear and whole framework for bitasset or defi，what role these BSIPs in this worker will play in the further?  what‘s the correlation between them？

Maybe you just want to charge fees and charge fees, and defined what you still didn't know.

434
中文 (Chinese) / Re: 机制的一些看法与方案05/16/2020
« on: March 28, 2020, 02:02:43 am »
更新




-------
1.BSIP74：爆仓收取流动性罚金BSIP74已实施，但是现在的这个BSIP74是半残的，它没有增加罚金分享与分享的罚金线性解冻功能。

BSIP74的几个作用（目的）：

第一：防止之前的高MSSR滚雪球；
但是现在的这个BSIP74是半残的，它没有增加罚金分享与分享的罚金线性解冻功能。
罚金分享的目的是为了可以完全替代MSSR，提高吃单人吃爆仓单的积极性；
分享的罚金线性解冻功能是为了防止跟MSSR一样滚雪球；

第二：爆仓公平；
以前的高MSSR，对提前爆仓的抵押者太过于友好，提前爆仓的基本可以无损爆仓，而被积累到后面的爆仓者会完完全全的承受MSSR的惩罚，BSIP74之后，爆仓罚金对所有抵押者都是公平的；

第三：收来的费用可以注入风险资金池，用于黑天鹅事件的预防及处理，变相锁定；
现在的BSIP74的罚金收取种类太过单一，只能收取抵押物，这导致其在后期处理黑天鹅事件的时候会相当乏力；
我们可以计算一下bitcny区的市场手续费，如果每天可以稳定有1千cny的收入，一年不过才36万cny的收入，即使每天可以有1万cny的收入，一年不过也才365万cny收入，对可能的黑天鹅债仓是捉襟见肘的。
所以：BSIP74必须可以收取锚定资产， 从下面makerdai的收入分析可以，得出MKERDAI一年的流动性罚金在608万DAI，bitasset规模远小于makerdai，我们可以按1/6来计算，一年大概有101万美金，换算为cny大概是700多万cny，可以迅速提高债券的回笼速度。
https://www.tuoluocaijing.cn/article/detail-34463.html

具体的操作：正常情况下，BSIP74收取抵押物作为流动性罚金，债券发行后，BSIP74调整为收取锚定资产作为流动性罚金。

-----------
2.BSIP62: 抵押者处于爆仓状态也可以主动平仓。

现在的bsip62也是残缺的，其并没有考虑我们之前一直在关注的高位爆仓行为，BSIP62会加重这种行为，尤其是在BSIP74实施之后，如果BSIP62不收取流动性罚金及稳定费，会使BSIP74作用失灵，回到以前高MSSR状态，为什么要加收一个稳定费，因为高位主动平仓会将整个债仓以BSIP74罚金换算的价格覆盖到市场，导致BSIP74失灵，形成连环事件，所以需要附加稳定费加以遏制这种行为。

对于普通的没有处于爆仓状态的抵押者，依然可以慢慢调整仓位平，没有任何罚金存在。

为什么现在会考虑把BSIP62加进来，因为BSIP77实行之后，会有一部分选择扛单的抵押者处于ICR与MCR之间，我们需要给他们一个低头认输的机会。

------------
3.BSIP77: 爆仓线与抵押线分离。BSIP77已实施

这个是为了防止滚雪球与遏制做空攻击迅速生效的机制，个人抵押率与爆仓线之间会有一个价格缓冲带，价格在一定范围内的变动也不会引起不必要的爆仓发生，可以消灭很多滚雪球的苗头，当然其依然有临界点，但是有比没有好，即使是百倍合约，价格也是需要波动到一定程度才会爆，而锚定抵押不是百倍合约，市场总是反复拉锯的，这个缓冲带很快就会出现。

-------------
4.BAIP4: 一小时EMA价格与现价结合的组成新喂价。

https://dpos.club/t/topic/714/18
https://bitsharestalk.org/index.php?topic=32143.0

提案我也写了：https://github.com/bitshares/baips/issues/12

不能完全贬低BAIP2的作用，但是BAIP2太过于迟钝，严重影响了锚定资产的正常市场运行。
合理的喂价机制应当是，大多数情况下及时灵敏的反应市场价格变化，大幅下跌时，可以留出一定的缓冲空间与时间，防止市场的不理智行为，这跟合约市场的很多指数价格的逻辑相同。 BAIP4不能说时完美的，但是基本可以达到这种效果，数据与图表可以看链接，大多数情况下是能够基本反应现价变化，大幅度下跌时也可以做一到两个小时的缓冲。

当然未来也可以采用30分钟EMA与现价结合的方式，或者更短时间的EMA价格与现价结合。

-------------
5.风险资金池处理黑天鹅（也就是独立黑天鹅池）：

https://bitsharestalk.org/index.php?topic=32393.0
第一：收集各类手续费作为保险资金，为黑天鹅情况做准备;
第二：背负所有资不抵债的债仓；
第三：此资金池设计为不爆仓；
第四：当风险资金池抵押率<1时，铆钉资产管理账户发行债券，收集锚定资产平仓。
第五：债券规模。

为什么要发行债券，而不是随时间来平仓呢，这是为了给锚定资产持有者一个可以选择的机会，黑天鹅发生后，锚定资产持有者可以选择：买入BTS/买入债券/忍受贬值。

-----------
6.锚定资产管理账户：收集各种手续费，大比例转入风险资金池做保险资金。

-------------
7.流动性好的市场强清补偿必须要调整到5%以上，流动性不好的市场起码要提到9%。分析已经够多了，懂的自然懂。

提案我已经写了：
https://github.com/bitshares/baips/issues/22

-------------
8.自由无风险借贷保证一定抵押率不爆仓 当然还不成熟。
https://github.com/bitshares/baips/issues/26



9.见证人机制的重新设计
https://bitsharestalk.org/index.php?topic=32502.0



长长的分割线-----_____________________________________

喂价人问题：

不再将喂价人与见证人分离。
活跃见证人必须提供理事会锚定资产的喂价;
前34位的备份见证人也可以提供喂价;
喂价提供人享受锚定资产区的市场手续费奖励;
喂价人依然实行准入机制，按照见证人投票排序进入，最大人员为34，有效喂价数现在最小为7.

我的看法是应当有一套决定喂价人的准入踢出投票机制来代替理事会在其中的作用，以实现最大的去中心化。
    如果这个投票机制实现起来比较漫长而且繁琐，那暂时只能是:
    理事会负责日常的准入退出管理(按照见证人排序);
    紧急情况，理事会或者其他人发提案，社区投票处理。
    监督依然由社区监督。

之前的矛盾在于见证人与喂价出现了对立，但是一个连喂价都提供不好的见证人，如何能够做好BTS的见证人？
国外社区的担心在于过多的见证人被撤票，而影响bts网络安全。

这个方法

    即使一半多的见证人被社区投票踢出喂价，也不会影响到喂价安全，因为还有其他的活跃见证人及备份见证人这个喂价人员冗余;

    留出了替换活跃见证人的空间与缓冲，备份见证人有足够的时间调试与准备，替换活跃见证人可以循序渐进的确认进行，而不会因为以前大量活跃见证人被撤票，备份见证人准备不足而影响网络安全;
    喂价也是见证人的考核标准之一。

    喂价提供人享受锚定资产区的市场手续费分成可以激励喂价提供者提供及时而高质量的喂价，同时也能够保持备份见证人有足够的活跃性，增强系统的鲁棒能力。







435
中文 (Chinese) / Re: 开个脑洞？能否给BITCNY这些智能货币持有者一些投票权重
« on: March 26, 2020, 06:20:35 am »
看来，让抵押者自己去管理抵押资产并不是什么好事情，人在赌桌上输急了眼，各种出千耍赖的手段就会随之而来。

总而言之，抵押者的票权需要按照抵押率剥离出来。

当初@pc说的是对的，还不如直接交给cn-vote

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