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General Discussion / Re: Changes to Cover Rules - Eliminate 5% fee
« on: January 28, 2015, 04:10:12 pm »We don't need these changes anytime soon. We need to focus on stability, shareholders have already been promised that there would be no more new blockchain features for another 6 months after 1.0.
This is useful in the long term but absolutely should not be considered any sort of priority when the full node barely works and there's no light wallet.
New UIA system and relative orders are needed. Any other new blockchain features in the medium term are going to damage our market cap.
Disagree. We need the ability to cover short positions with the already locked up collateral before a 1.0 release. The current method of covering a short is not functional for the investors and traders we are trying to target and will most likely be our initial adopters.
Hmm, this makes sense. Then this has to come as fast as possible, before 1.0. But 1.0 can't wait too long, we need to have it out before ethereum launches. Investors/traders are above all else attracted to liquidity, and that's what the delays hurt the most.
edit: read it again and all this really does is implement a limit order for 10% above the price feed. It's not necessary and will cause far more problems than it will solve in the short term.
I also disagree with the collateral requirement increase. The current system works and it withstood the crash. It's too late to change these things now, the net effect is guaranteed to be negative. This will hurt our market cap.