China community has some discussion on the parameter of bitCNY. most of the community member agree that some modification of the bitCNY parameters can make this smartcoin work better, I had issued a poll
https://bitsharestalk.org/index.php/topic,22335.0.html to get opinions on such a change:
"force_settlement_offset_percent": from 0 to 1% //to encourage the shorters
"maximum_force_settlement_volume": from 2% to 0.5% //as this parameter is per hour, not per day, so 2% is still too high, 0.5% is more reasonable
up to now the number of supporters:objectors is 8:1
I propose such a change based on my observation on the behavior of bitCNY and TCNY, obviously bitCNY is more acceptable than TCNY, however one interesting the 1% settlement offset actually encourage users to short TCNY, now I have about 50k TCNY in my hand without any debt - because there are some other users to short and made me have no chance to short.
for one smartcoin it is necessary to encourage the shorters to provide more supply, and it seems always not easy for a privatized smartcoin to get enough trust like public smartcoin, previously I created TCNY because the parameters of bitCNY is not satisfying enough, but now I changed my mind - to do some change to bitCNY is a better way - to make one public smartcoin the best one will benefit the whole economy.
plan to discuss this topic in committee.
any thoughts?