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Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 28, 2020, 03:39:29 pm »BSIP76 is a scam. Even to this day the bitshares.org website misleads investors: https://bitshares.org/technology/price-stable-cryptocurrencies/
BSIP76 has HUMILIATED CNY on an international stage & destroyed the credibility of bitassets as a store of value permanently.
Shame on all BSIP76 proponents.
If you do not understand what sense does BSIP76 make, update yourself.
bitshares.org need update.
we understand BSIP76 make bitCNY&bitUSD peg off, but there is no better choice.
to stop the death spiral from destroying BTS, we have to do so.
what we need to do is make BTS price above the threshold stably, the way is to make the system income support BTS price, and that is what the core prelude worker focus on.
BSIP76 has repeatedly defrauded tens of thousands of bitasset holders via BSIP76. This has been worse for BTS than all the proposal scammers combined detrimental impact on bitshares. Shame on BSIP76 proponents for degrading the reputation&value of bitassets to save yourself/friends from bad gambling outcomes.
It's not just the website that deceives users, but it's also the CNY asset details which lie about it being pegged to the CNY. It's not pegged to the CNY but a fake number. Why lie about the asset? Why humiliate the real CNY & China like this?
The correct outcome should have been globally settlement, as originally intended, as fully known/acknowledged by all bitasset participants. Face reality instead of cheating the system to the direct detriment of the platform as a whole.