226
General Discussion / Re: Info about scamcoins?
« on: April 30, 2020, 09:06:43 pm »
List of known scamcoins: bitUSD, bitCNY
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227
General Discussion / Re: Does it make sense to cultivate bitEUR?
« on: April 25, 2020, 11:17:37 am »
Just another dead scamcoin, RIP
228
Stakeholder Proposals / Re: [Poll] BAIP2: Reform on bitEUR feed price mechanism
« on: April 17, 2020, 01:03:55 pm »
BAIP 2 was proven a failure due to BSIP76 twice intervening. SCAM
229
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: April 04, 2020, 04:11:22 pm »interesting, why shall I trust you, not my eyes?https://www.nytimes.com/2020/04/02/us/politics/cia-coronavirus-china.html
https://www.bloomberg.com/news/articles/2020-04-01/china-concealed-extent-of-virus-outbreak-u-s-intelligence-says
https://www.bbc.co.uk/news/world-asia-china-52321529
https://www.youtube.com/watch?v=0CC6ChW-CQg
https://www.thetimes.co.uk/edition/news/no-10-drops-china-from-coronavirus-death-toll-list-dxfr92fdk
They hit their threshold and set a fixed feed like bitCNY 🤔
we just updated the design of bitCNY, in old times bitCNY is a derivative that base on BTS real time price. now it is a derivative that base on one function of BTS priceWithout providing bitasset holders a vote, without changing the asset details nor website's technical documentation to reflect these changes. A cover up.
Why not instead buy more BTS to cover bad debt positions than defraud bitasset holders?
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.No doubt it hurt bitasset holders, 70%+ loss of asset value is a substantial second bailout of bad debtors without their permission. bitCNY is no longer a stable store of value for savers nor retail, new smartcoins are being created with substantially higher credibility than bitassets.
Death spiral is subjective, the spiral has already occurred for the asset holder not the bad debtor; global settlement at real prices would have provided an opportunity for traders, denying this core trading activity disincentivizes buying BTS at these high prices.
230
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 30, 2020, 12:27:25 pm »In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.BS. Global settlement would have nullified this bad debt issue & we'd likely have recovered by this point.
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.
BitAssets weren't created to defraud the bitshares community, yet here we are - the committee owned bitassets now permanently disgraced scamcoins.
Shame on you for fundamentally destroying the integrity of bitassets permanently.
On the upside, at least we know now that china's lying about their covid figures since these bitCNY fixed feeds are seemingly fully acceptable to the CCP. Had you not led the bitassets to defraud the entire Bitshares community I might have taken the CN Covid figures at face value and not prepared as well as I did for this quarantine. Cheers mate 👍
if you want to discuss bitCNY issue, let's focus on it, covid figures is another irrelevant problem.
and it's clear that China has solved internal problems and is now helping the whole world. as a Chinese that live in Shanghai I am clear what happened here.
BTW, where do you come from?
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.
231
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: March 30, 2020, 12:21:53 pm »Quote
Let's don't talk about the "scam"
That's what it is though, BSIP76 is a scam. BSIP76 proponents could fairly be categorized as "scammers".
232
OpenLedger / Re: OPEN.GRC DISABLED FOR 2 YEARS WITH NO JUSTIFICATION
« on: March 30, 2020, 12:59:27 am »Did you open a support ticket?Multiple, all closed.
What is your next step now?
My next step? Probably deal with the fact they're permanently inaccessible.
233
Stakeholder Proposals / Re: BBF Asking to be Elected as Approved Spokesperson
« on: March 30, 2020, 12:28:20 am »
Can the elected spokesperson please mitigate the bitasset situation? Perhaps it's time to remove the 'bit' prefix to avoid users getting scammed?
234
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 30, 2020, 12:26:19 am »In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.BS. Global settlement would have nullified this bad debt issue & we'd likely have recovered by this point.
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.
BitAssets weren't created to defraud the bitshares community, yet here we are - the committee owned bitassets now permanently disgraced scamcoins.
Shame on you for fundamentally destroying the integrity of bitassets permanently.
On the upside, at least we know now that china's lying about their covid figures since these bitCNY fixed feeds are seemingly fully acceptable to the CCP. Had you not led the bitassets to defraud the entire Bitshares community I might have taken the CN Covid figures at face value and not prepared as well as I did for this quarantine. Cheers mate 👍
235
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 30, 2020, 12:20:10 am »So what you're saying is fetch all historic votes for price threshold WP & include them in the report as co-conspirators of this scam? You did orchestrate this scam so you're not off the hook just because others approved it - that's like saying the guy that ordered/planned/coordinated a hit didn't commit murder just because his gang voted on it, doesn't work like that buddy.I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.
The best thing that could happen to bitshares is for you personally to end up in concrete box with bars after an anonymous report to state security and exchange commission. And all your friends and associates locked up and fined as well.
Please somebody, do us all a favor, and report this asshole:
CHINA http://www.csrc.gov.cn/pub/csrc_en/about/contact/
USA https://www.sec.gov/tcr
EU https://www.esma.europa.eu/whistleblowers-corner
If you report to SEC you may be eligible for up to 10% of any money recovered as a reward!
Flectere si nequeo superos, Acheronta movebo.
just report it yourself, don't you like the reward?
the decision is made by community through voting, not by myself.
236
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: March 30, 2020, 12:09:10 am »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.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.
Fact is the bitassets are dead scamcoins, move onto new smartcoins which haven't been destroyed by loser gamblers.
237
General Discussion / Re: Review of BAIP2
« on: March 30, 2020, 12:07:15 am »Your actions have been the true death spiral for bitshares & the bitassets. Shame on you.You PERSONALLY and all of your bullshit BSIPS and BAIPS related to making margin call impossible are what have ruined the architecture of the smartcoin ecosystem.
if you are too stupid to understand what is shorting attack/ death spiral, I don't know how to explain to you.
238
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: March 28, 2020, 11:41:39 pm »Ok, let's check the others how to design the stable coin, how to to prevent bad debt.Another NON solution. The solution was global settlement. Stop evading the consequences of bad gambling. BSIP76 shames CNY on an international level.
Maybe this can awaken someone.
MOV Stable Financial System
https://cdn.bytom.io/res/MOV-Stable-EN.pdf
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.
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.
239
General Discussion / Re: bitCNY live on LATOKEN from 14 October
« on: March 28, 2020, 03:49:58 pm »bitCNY is ONCE AGAIN no longer pegged to CNY, with a peak of 70%+ below the peg. Multiple exchanges have been misled about the true state of bitCNY, extending the BSIP76 fraud scope significantly.You buy more BTS make the price above 0.22 then it's pegged again.QuoteChinese Yuan pegged stablecoin bitCNYbitCNY isn't pegged to CNY right now though (see BSIP76)
240
General Discussion / Re: If biteur have set the new feed price rule BAIP2?
« on: March 28, 2020, 03:46:40 pm »
No point, BAIP2 was proven completely ineffective by BSIP76 repeatedly triggering.
