Based on BSIP59, https://github.com/bitshares/bsips/blob/master/bsip-0059.md, now 2 poll worker proposals have been created:
1.14.215 Poll - BSIP59 - Reduce MCR of bitCNY to 1.5
1.14.216 Poll - BSIP59 - Keep MCR of bitCNY as 1.6
In my view, the logic for setting MCR should be:
As low as possible & As high as necessary.
From any perspective 1.5 is a safe enough MCR for bitCNY, and to reduce MCR become necessary when bitCNY is also in shortage and premium status.
Please vote according to your opinion.
Quote from: bitcrab on September 04, 2019, 02:24:15 PM
As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
when will it end, at 1.0?
Quote from: bitProfessor on September 18, 2019, 03:07:21 AM
Quote from: bench on September 04, 2019, 08:59:40 PM
Quote from: bitcrab on September 04, 2019, 02:24:15 PM
As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
Reason？
Table shows debt based on MCR, when using debt to buy BTS and borrow again (10 times):
DEBT MCR
8.51 1.1
6.26 1.15
4.87 1.2
3.95 1.25
3.32 1.3
2.85 1.35
2.50 1.4
2.22 1.45
2.00 1.51.82 1.55
1.67 1.6
1.54 1.65
1.43 1.7
1.33 1.75
1.25 1.8
1.18 1.85
1.11 1.9
1.05 1.95
1.00 2
MCR = 1.5 gives the debt position a slightly advantage, to compensate risks.
With MCR 1.6-1.75 (DEBT< MCR), the dept position has no real advantage.
Quote from: Customminer on September 18, 2019, 09:06:51 AM
when will it end, at 1.0?
MCR should end at 1.5, ccr (https://github.com/bitshares/bsips/issues/182) can end at 1.0
- reduce mcr to 1.5, with one obvious benefit: bitCny is easier to produce.However, the current supply of bitCny has little impact.
- The risk is very small.(like bitUsd)
- i support it