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Messages - R

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316
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: October 08, 2019, 10:41:51 am »
Quote from: bitcrab on October 08, 2019, 09:43:43 am
Quote from: sschiessl on October 08, 2019, 08:08:41 am
Quote from: bench on October 07, 2019, 09:26:28 pm
Quote from: R on October 07, 2019, 07:58:11 pm
How long will this be active for then? It's almost been 2 weeks now.
Until MCR for bitCNY is set to 1.5.
Min. feedprice can be lowered to 0.20625 bitCNY/BTS

I very much doubt that lowering the threshhold will __ever__ happen, as long as the outside market price is lower. It would mean instant margin call for pretty much all positions.

I don't think that will happen, I don't think community will select to lower the threshold.

actually the current status is not so bad, although BTS market price is about 10% lower than 0.22CNY, bitCNY has about 4% discount, better than the 10%+ premium that we always see when MSSR=1.1.

It's more than 4% though, no? https://bitsharestalk.org/index.php?topic=29679.msg336034#msg336034

CNY feed price: 4.54545 BTS per 1 CNY (https://wallet.bitshares.org/#/asset/CNY)
1 CNY in USD (CURRENT): $0.140133 (https://www.xe.com/currencyconverter/convert/?Amount=1&From=CNY&To=USD)
1 BTS in USD (CURRENT): $0.028488 (https://coinmarketcap.com/currencies/bitshares/)
(1-((4.54545*0.028488)/0.140133))*100= 7.594%


1 CNY in USD (26th september 2019): $0.140220 (https://www.poundsterlinglive.com/best-exchange-rates/best-us-dollar-to-chinese-yuan-history)
1 BTS in USD (26th september 2019): $0.025056 (same cmc source)
(1-((4.54545*0.025056)/0.140220))*100= 18.777% (That's a deep discount, no?)

317
General Discussion / Re: how to judge the result of a poll worker?
« on: October 07, 2019, 08:24:20 pm »
Regarding the use of BSIPs for changing the bitassets - Shouldn't it be the responsibility of the committee to communicate directly with their price feed publishers about their intended plan for bitasset price feeds? As a private smartcoin owner (creator) I wouldn't want a BSIP vote to change the feeds against my will.

Why not put change proposals (like BSIP76) to the committee (instead of the public via BSIPs) since they're the asset owner? If price feed publishers refused then the committee could simply switch from witness fed to private price feed publisher list, allowing them to refine the price feed publisher list to those willing to comply with committee decisions.

Voting on committee members based on bitasset BSIPs instead of on witnesses would avoid unnecessary witness/network instabilities, as it doesn't cost anything to be a committee member where as there are many servers & services to run as a witness.

318
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: October 07, 2019, 07:58:11 pm »
How long will this be active for then? It's almost been 2 weeks now.

319
General Discussion / Re: bitCNY live on LATOKEN from 14 October
« on: October 07, 2019, 07:56:05 pm »
Quote
Chinese Yuan pegged stablecoin bitCNY
bitCNY isn't pegged to CNY right now though (see BSIP76)

320
General Discussion / Re: A thought experiment on Bitshares.
« on: October 02, 2019, 04:50:42 pm »
Quote from: clockwork on October 02, 2019, 09:23:32 am
Quote from: R on October 01, 2019, 06:41:10 pm
The vote weight from the 1x CR from any BTS backed bitasset should be allocated to the bitasset holder, not the debt holder.

Bad idea....gives shitloads of power to BTS shorters..and it's much easier to drop price than raise it

I'd rather have that voting weight "lost" ....essentially the debtor's incentive is for price to go up, the holder's is for it to go down....one has put up 1x collateral, the other holds an asset worth 1x collateral with opposite incentives.

I'd say consider them as cancelling each other out and not assign that weight at all

OK, so up to 1x CR of bitassets with BTS backing have 0 vote weight, all CR above 1x have vote weight? Sounds good to me. 👍

321
General Discussion / Re: A thought experiment on Bitshares.
« on: October 01, 2019, 06:41:10 pm »
The vote weight from the 1x CR from any BTS backed bitasset should be allocated to the bitasset holder, not the debt holder.

Anything greater than the 1x CR should be allocated to the debt holder, but the 1x CR is effectively the property of the bitasset holder since the debtor sold the bitasset (and thusly the underlying BTS) to the now bitasset holder.

Interesting thought experiment, sounds familiar.. 🤔

322
General Discussion / Re: New BSIP：GS protection via core code
« on: October 01, 2019, 01:25:18 pm »
I don't support disabling global settlement on committee owned bitassets, I'd far rather see them globally settle than operate a fractional reserve where none of the debtors face consequences.

Good thing that anyone can create a new bitasset to compete against manipulated bitassets though, eh? The market can decide which will survive - I've got a feeling it might be the stable one not the manipulated one.

323
General Discussion / Re: worker for market cap management?
« on: October 01, 2019, 01:18:41 pm »
If you support a pump and dump worker proposal, you have no justification for using refund400k to block any development worker proposals.

I do not support worker proposals of this kinda at all, use your own money to gamble!

324
中文 (Chinese) / Re: [互助帖] 中文翻译协助 Assistance for English/Chinese Translation
« on: September 30, 2019, 10:51:47 pm »
Quote from: tshen on September 09, 2019, 02:15:32 pm
有人愿意帮他翻译这两份文档吗，他悬赏 7500 BTS。

Quote from: Customminer on September 02, 2019, 08:52:03 pm
I wish to request Chinese translation support for the following documents:
https://raw.githubusercontent.com/BTS-CM/Hertz-Whitepaper/master/hertz_whitepaper.md (except the preface section, that's part of an old steem post)
https://raw.githubusercontent.com/BTS-CM/Norns/master/about.md

2 BTS per word sound alright? So approx 7500 BTS in total for the above two documents?

Regarding the Norns whitepaper, it references deities from Norse mythology using Wikipedia references, it'd be great if relevant articles within online Chinese encyclopedias could be referenced in their place if possible?

I'm looking for price feed publishers for the Norns & hertz:
https://bitsharestalk.org/index.php?topic=27749.0;all
https://bitsharestalk.org/index.php?topic=26013.msg334968

Thanks
Anyone interested in the translation?

325
General Discussion / Re: [Announcement]Setting of bitCNY and bitUSD feed threshold
« on: September 29, 2019, 06:02:30 pm »
Why were the proposed BSIP changes to feeds fully applied to USD & CNY prior to the BSIP WPs being activated?
https://bitsharestalk.org/index.php?topic=29653.msg335814#msg335814
https://bitsharestalk.org/index.php?topic=29654.msg335815#msg335815

326
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: September 29, 2019, 12:59:12 pm »
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26121&api_key=123abc
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26116&api_key=123abc

The above BSIP WP's were activated for a very short moment this morning, days after the changes were thrust upon witnesses. Why was the BSIP WP process bypassed/disregarded when it comes to such a high impact BSIP?

327
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitUSD feed threshold
« on: September 29, 2019, 12:57:57 pm »
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26119&api_key=123abc this has now activated, only after the change was imposed on price feed publishers. Activation and network consensus seems to be an afterthought, no? Why was the BSIP WP process disregarded?

328
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitUSD feed threshold
« on: September 28, 2019, 05:43:20 pm »
Why was any outcome of BSIP76 for bitUSD acted upon prior to activation of the WP? Currently none of the BSIP76 WP for bitUSD have activated, thus don't have network consensus on the matter.

https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26119&api_key=123abc
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26122&api_key=123abc
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26120&api_key=123abc

329
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: September 28, 2019, 05:37:28 pm »
Why was this implemented before activation? None of the proposed BSIPs gained sufficient network consensus:
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26121&api_key=123abc
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26116&api_key=123abc
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26117&api_key=123abc

Why pretend to use BSIP & WP if it's purpose is disregarded?

330
General Discussion / Re: how to judge the result of a poll worker?
« on: September 28, 2019, 05:27:35 pm »
Side note: Looks like the bitshares-ui and bts.ai show 0.00% funding for WP regardless of prior activation, to check if an BSIP ever achieved activation prior to implementation, look up the worker proposal object for the balance id like the following for BSIP76 indicating no network activation/consensus (0 balance, no activation):
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.14.222&api_key=123abc
https://btsapi.grcnode.co.uk/get_bts_object?object_id=1.13.26121&api_key=123abc

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