In arround 2 months.There are many indicators we will see a last final bigger downtrend (third bottom) before getting the real uptrend.
Reduce of MCR should only happen in real uptrend to avoid getting negative effects in a downtrend.

Good reasoning. We should be careful, reputation of bitCNY is good lately and IMHO, a premium is much more acceptable than a GS.
However, Comparing bitCNY with other "stablecoin" projects, the biggest collateral requirement that you can find outside of bitshares is 1.5x from DAI - (while here, 1.6x is proposed).
Obviously, most "stablecoins" only have 1x (being backed by the underlying asset itself).

I do know that DAI is also struggling, but they don't have the instruments that we have (but others). Imho, we should allow an MCR to go as low as 1.6
But I would grant permission to witnesses to pick between 1.6 and 1.75 according to premiums instead of fixing it.

For that reason, I do support reduction of MCR to 1.6.

Hope people can understand my reasoning.

Its also the proxies responsibility to appreciate those witnesses that do a good job and unvote those that don't.

with that said, i am sorry i do not keep up to date sufficiently, but i have started work on an automated script to track and act on witness responsibilities ..

BSIP59

Yes ... you quoted it

Succeeding in BSIP18 bidding has nothing to do with being a whale.

It's purely based on how much risk you're willing to take.

This!
Anyone could have put up a bid with collateral ratio of 20x, which would have resulted in getting fractions of the settlement pool.

And non of that was *new* or *unknown*. It's all written in the BSIP. Whether people understand the described
mechanics sufficiently to make use of them or not, is another question. There certainly was quite some education
going on on STEEM and on telegram. Probably also on Weechat.

Welcome!
Glad to see more opinions in the list of proxies!

This topic has been moved to BEOS.

https://bitsharestalk.org/index.php?topic=28231.0

Its a nice idea in theory... but risks just giving away fees for little gain... id rather see a maker taker fee schedule implemented.

I believe a simple maker/taker fee is in the pipeline

As promised last week, I am now starting to rotate my votes. Consequently, I will remove my vote from workers even though I technically support them to give room for other workers.

The list of workers I (generally support):
- 201902-bitshares-core
- 201902-reference-faucet
- 201902-infrastructure
- 201902-bitshares-ui
- 201810-bitshares-org
- 201901-legal-representative
- 201902-marketing-interviews-articles-and-visibility
- 2018-09-rossul-ui
- 201903-atomic-cross-chain-swaps
- 201812 Bitshares Mobile App   [this one should be fully funded already - @team, please update us]
- 201903-bitshares.org-exotic-infrastructure
- DEXBot WP2 - Liquidity for the DEX

Poll workers I keep supporting:
- Poll - BSIP42 - NO adjustment to price feed
- Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05
- Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02 (to replace the vorker above)
- Poll - BSIP59 - Reduce MCR of bitCNY to 1.6
- Poll-BSIP58-Global Settlement Protection on bitCNY
- Poll-BSIP58-Global Settlement Protection on bitUSD
- Poll - BSIP59 - Reduce MSSR of bitUSD to 1.05
- Poll - BSIP59 - Reduce MSSR of bitUSD to 1.02

The ones I vote for in this period:
- 201902-bitshares-core
- 201902-infrastructure
- 201810-bitshares-org
- 201902-marketing-interviews-articles-and-visibility
- 201903-atomic-cross-chain-swaps
- 201903-bitshares.org-exotic-infrastructure
- DEXBot WP2 - Liquidity for the DEX
- 2018-09-rossul-ui

(e.g. every odd worker in the list above)
edit: added more workers that are in need for funding more desperately