2. there were people crying in the past that "it's easy to dump in CEX to trigger margin calls in DEX". Come on, please put thick enough buy orders with your own money in CEX to prevent the price from dropping.
I don't think this focus on the topic and a good talking.
You can you up?
Is it not a truth? or the design of feed price is perfect and not allowed people to judge it?
People complained that witnesses updated price feed too fast when there is a dump happened on CEX. Now same people complain that witnesses updated price feed too slow when there is a pump? WTF?
Both longs and shorts are traders, we should treat them equally. That said, feed fair price, not too high, not too low. Don't change interval in downtrend nor in uptrend.
it's easy to say political correct words like "we should treat shorts and longs equally", but I don't think these words get the key points of this ecosystem.
in BTS, shorts and longs(here longs means BTS long, means the debt position owners) are naturally not equal.
longs has an leverage tool to use, and at the same time bear the risk of margin call, and at the same time longs create smartcoin supply which is base of this ecosystem.
shorts does not.
so the rules should firstly be fair to longs, prohibit longs from being unfairly exploited, this is relevant to what we will build - a financial system with amazing stable coins or a gambling house.
that's why I emphasize the principle "price feed should not conflict with the modified DEX price(DEX price plus premium/discount)".
and I feel this statement is self-explanatory: "if a BTS/smartcoin pair in DEX has good enough market depth and volume, it should play the most important role in price feed determination."
because any CEX may have fake volume, naked shorts, etc., but DEX does not.
and because DEX is our home field.
this is not ignoring price in CEX, actually any big price change in CEX can be transmitted to DEX quickly, if price change in one CEX is not transmitted to DEX, it can be ignored.
it's reluctant to ask BTSer to put money to CEX to sustain the price, DEX should be the front that reflect the final short-long battle result.