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General Discussion / Re: [BSIP#16]Optimization to Force Settlement Parameters of BitCNY
« on: May 29, 2016, 08:13:34 pm »
@Empirical1.2 i agree that 100% collateral isn't required, i just prefer it and think it's an excellent long term selling point. It's premature to say we've killed the smartcoin markets; i'd argue they haven't yet been discovered. We have an excellent trading technology as is and whatever rules we set will be internalized by traders ex ante. Whether we set 100% collateral assets or 95% or whatever, those values just get capitalized into expectations.
We have a good enough system the way it is, we just need to get more traders into it. Traders are just one group, btw. It'd be great to get actual end users for our smartcoins, like people using PoS apps for bitUSD, bitCNY, bitEUR, etc. like @kenCode is doing. 100% collateralized assets are a big selling point for that application.
I'm all for subsidizing collateral used to maintain shorts, but just prefer doing it directly via some yield. I'm also fine without subsidies bc of the indirect benefits of shorting mentioned earlier.
Also keep in mind, this proposal is to change one of the markets on the DEX, bitCNY. Doing so would unnecessarily complicate the DEX with markets trading with arbitrarily different rules.
We have a good enough system the way it is, we just need to get more traders into it. Traders are just one group, btw. It'd be great to get actual end users for our smartcoins, like people using PoS apps for bitUSD, bitCNY, bitEUR, etc. like @kenCode is doing. 100% collateralized assets are a big selling point for that application.
I'm all for subsidizing collateral used to maintain shorts, but just prefer doing it directly via some yield. I'm also fine without subsidies bc of the indirect benefits of shorting mentioned earlier.
Also keep in mind, this proposal is to change one of the markets on the DEX, bitCNY. Doing so would unnecessarily complicate the DEX with markets trading with arbitrarily different rules.