BitShares Forum
Main => Stakeholder Proposals => Topic started by: Thul3 on August 07, 2018, 10:20:12 pm
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Am requesting to all commitee members to remove bitcrab from the committee controlled open market operation fund.
Its a clear conflict of interrest and also the unnatural buy wall which is exectly near bitcrabs margin which is causing unnatural prices on DEX can't be tollarated anymore on a free market which DEX should be.
Today we saw a feed price of 1.06 but BTS price on DEX kept up on 1,084 and never moving down because of the big buy walls for 1 million BTS at 1.08 ,1.07 ,1.06 ,1.05 ,1.03 .
The fund should be used to buy BTS and not to create heavy buy walls which are not going to break.
Also why are the funds at bottom prices on the buy walls if he really wants to buy BTS ?
Thats a massiv abuse and also cheat on all traders who shorten BTS on a bear market to protect a persons own interrest.
No new bitasset was created so you can't tell us it was created to increase liquidity.
Also i'm very disappointed once again from all commitee members who let it happen
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2. operators need to take good care while operate with debt positions, as an initial rough principle, when BTS price is under 2CNY:
while collateral ratio > 4, borrowing more smartcoin is allowed.
while 4>collateral ratio>3, smartcoin income can be used to buy more BTS, but borrowing more smartcoin is not allowed.
while 3>collateral ratio, smartcoin income need to be used to reduce debt position, buying more BTS is not allowed.
Both accounts are clearly under Ratio of 3 and were not allowed to buy any BTS
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usd commitee account already under 2.25 Ratio
https://wallet.bitshares.org/#/account/committee-usdoperator
GREAT WORK !!!!!
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USD commitee account is at Ratio 1.96 so it may soon get margin called
CNY commitee account is now at 2.1 and a minute ago Bitcrab created again new assets to create a 1 million BTS buy order
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Bitcrab should never have been involved in this operation down to his track record of constant margin calls from his personal accounts. If that wasnt proof enough of bad management I don't know what is. There is also now a conflict of interest with the spring fund and he should have volunteered to step down, failing that other members of the multi sig should have removed and replaced him.
I have said from the beggining ratios are not high enough and already ratios are at 2 which is far too close for comfort. How can everyone involved not have seen this coming.
I actually think the fund is a good idea so credit to bitcrab there but he shouldnt have been involved and ratios should have been much higher. I respect bitcrab and all hes done but this was clear from the beggining and the community is as much to blame as him for jumping on the bandwaggon in order to pump the BTS price.
I hope everyone learns from mistakes made here.
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Am requesting to all commitee members to remove bitcrab from the committee controlled open market operation fund.
Its a clear conflict of interrest and also the unnatural buy wall which is exectly near bitcrabs margin which is causing unnatural prices on DEX can't be tollarated anymore on a free market which DEX should be.
Today we saw a feed price of 1.06 but BTS price on DEX kept up on 1,084 and never moving down because of the big buy walls for 1 million BTS at 1.08 ,1.07 ,1.06 ,1.05 ,1.03 .
The fund should be used to buy BTS and not to create heavy buy walls which are not going to break.
Also why are the funds at bottom prices on the buy walls if he really wants to buy BTS ?
Thats a massiv abuse and also cheat on all traders who shorten BTS on a bear market to protect a persons own interrest.
No new bitasset was created so you can't tell us it was created to increase liquidity.
Also i'm very disappointed once again from all commitee members who let it happen
yes, the current ratio is a little lower, and when the new funds come, it will be used to increase the ratio.
but I do not agree that the buying wall are cheating and abuse.
what role will Bitshares play in the future? in my view it is "World Central Bank", to play this role we need to stabilize the market and increase the liquidity of the smartcoin, that's why I suggest to create the OMO.
frankly speaking, one of my purpose is to make BTS price above 6 CNY and never go down in half a year.
I hurt who shorten BTS on a bear market to protect a persons own interrest? maybe. why should OMO protect a person's interest who shorten BTS?
I had do many things, for example one is to increase the force settlement ratio to 1% or even more, this definitely will help the smartcoin generator but won't do good to a BTS shorter. to help the ecosystem to grow definitely we need to encourage the constructor of the ecosystem.
several days ago I had expected that the BTS price will be never go down to under 1CNY, but unfortunately it goes again, but in my watching, the key point is that several big debt positions, including mine, do not use the target collateral ratio feature, and that because the GUI that support the target CR feature do not come until several hours ago.
this give the speculator chance to short BTS and make BTS price go down, what we need to remove is the chance that shorters can use. please use the target CR ratio feature.
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Am requesting to all commitee members to remove bitcrab from the committee controlled open market operation fund.
Its a clear conflict of interrest and also the unnatural buy wall which is exectly near bitcrabs margin which is causing unnatural prices on DEX can't be tollarated anymore on a free market which DEX should be.
Today we saw a feed price of 1.06 but BTS price on DEX kept up on 1,084 and never moving down because of the big buy walls for 1 million BTS at 1.08 ,1.07 ,1.06 ,1.05 ,1.03 .
The fund should be used to buy BTS and not to create heavy buy walls which are not going to break.
Also why are the funds at bottom prices on the buy walls if he really wants to buy BTS ?
Thats a massiv abuse and also cheat on all traders who shorten BTS on a bear market to protect a persons own interrest.
No new bitasset was created so you can't tell us it was created to increase liquidity.
Also i'm very disappointed once again from all commitee members who let it happen
yes, the current ratio is a little lower, and when the new funds come, it will be used to increase the ratio.
but I do not agree that the buying wall are cheating and abuse.
what role will Bitshares play in the future? in my view it is "World Central Bank", to play this role we need to stabilize the market and increase the liquidity of the smartcoin, that's why I suggest to create the OMO.
frankly speaking, one of my purpose is to make BTS price above 6 CNY and never go down in half a year.
I hurt who shorten BTS on a bear market to protect a persons own interrest? maybe. why should OMO protect a person's interest who shorten BTS?
I had do many things, for example one is to increase the force settlement ratio to 1% or even more, this definitely will help the smartcoin generator but won't do good to a BTS shorter. to help the ecosystem to grow definitely we need to encourage the constructor of the ecosystem.
several days ago I had expected that the BTS price will be never go down to under 1CNY, but unfortunately it goes again, but in my watching, the key point is that several big debt positions, including mine, do not use the target collateral ratio feature, and that because the GUI that support the target CR feature do not come until several hours ago.
this give the speculator chance to short BTS and make BTS price go down, what we need to remove is the chance that shorters can use. please use the target CR ratio feature.
agreed.
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Totaly disagree on that.
First of all you are taking future RP funds hostage where many members already stated that the amount being used for OMO is way to high and doesn't leave any significant amount for other WP.
Second there is no transparancy at all.I'm a big supporter of bitshares as well and sold my BTS at peak speculating that we will see another downside to $5500 and left fiat .So you basicly are using RP funds to make it for me impossible to use the benefit of
my risk to stack BTS.You got yourself tons of BTS at cheap price so you try to protect it but most people don't have such a big stack and are looking for a great entry point which you are denying to provide.
Big corrections are very healthy for any ecosystem because these big correction makes that massiv amount of people join an opportunity.
I agree going to 6 CNY but not on a bear market.On a bear market you try to get adoption to get prepared for the next run.
maybe. why should OMO protect a person's interest who shorten BTS?
Thats the most stupid question.First of all DEX is a trading platform allowing to trade and shorten everything including BTS.
Also the purpose of OMO was to create liquidity by creating assets and not to dictate and force a price.
You are also aware if there are no shorteners than there is also no possible buying.
Have you seen what happened to the BTS price once your buy walls have been eaten ?A big fall and creating an unhealthy high price by dictacting the price will have the same issue as it doesn't bring any more mass adoptions.
It only benefits people holding big amounts of BTS to be able to dump them at high price'
Another argument to let the price go down is to get a better BTS distribution to get it more decentralised.
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while George Soros short HKD in 1998, as the Hong Kong Financial Management Officer, Mr Zeng Yinquan definitely need to do what he can to protect HKD and defeat Soros.
I can't imagine that Mr Zeng invite Soros to a party and tell him :"Well done, Buddy! Hong Kong is a free financial market, do what you like."
Maybe Mr Zeng remove the chance for Soros to buy HKD at the cheapest price, yes, that is his responsibility.
And so do OMO for BTS.
the chanllenge for OMO is how to get the purpose with high efficiency and low risk, surely OMO need to behave better.
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support bitcrab. we don't need to protect people who shorten bts.
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while George Soros short HKD in 1998, as the Hong Kong Financial Management Officer, Mr Zeng Yinquan definitely need to do what he can to protect HKD and defeat Soros.
I can't imagine that Mr Zeng invite Soros to a party and tell him :"Well done, Buddy! Hong Kong is a free financial market, do what you like."
Maybe Mr Zeng remove the chance for Soros to buy HKD at the cheapest price, yes, that is his responsibility.
And so do OMO for BTS.
the chanllenge for OMO is how to get the purpose with high efficiency and low risk, surely OMO need to behave better.
Total crap which you have completly no understanding at all.
What you are doing here is mixing political battle using economics comparing to a healthy ecosystem which should grow.
China is since decades in an economical battle with the US to open their money control so the US can flood China with uncontrolled money.For this purpose even Bitcoin was used in the past which leaded to a ban in China .
Sorros attack was an economical attack to weaken the chinese resistense and had nothing to do with making money.Of course when Soros is winning he is making money but this is not economical motivatd but political where you clearly lack of knowledge else you wouldn't use it here.
Also your argument using on a small ecosystem like bitshares is a joke.
Will people here suffer because of a lower price ?Have lower amount of food,being flooded with foreign worthless USD etc like in HK ?
I highly doubt that.The only suffering would be the big bag holders near margin loosing more BTS which would lead to a better distribution.
So this is a clearly fund to protect your own asset.
You are clearly using BTS for your own personal interrest and not for the benefit of the bitshares community cause i didn't saw a single proposal from you about marketing bitshares DEX to get new members .
If i'm not mistaken your vote support is also very thin.You care about liquidity but did you even voted for the DEXBot as example ?
Nothing about that.
The only thing i always see about you the last year is how we keep holding the price up so i won't lose much BTS.
I give a fuck if you lose BTS so as you give a fuck if i buy cheap BTS.
And you are clearly violating every single principle of bitshares dex being a decentralised exchange with full transparency.
You are not decentralised at all using not your funds to dictate a price and most important your transperancy is ZERO.
Another fact is that you give shit about the international community which will lead into a fight since people are tired of your crap and expacially favorising the chinese market destroying the bitusd market and in the same time pushing volume on gdex
Maybe i'm the only one who is talking about it openenly but you can read it everywhere in closed chats.
Commitee members seems to have no balls to tell it to you directly i guess fearing about their benefits however you reached a point were i say clearly STOP ........
You have done a lot for the bitshares community there is no doubt about it but this gives you not the right to start abusing it this way
Also please inform us who approved lowering the Ratio for creating new Assets from higher than 4 to lower than 2 ?
Did the community or commitee members decided or even talked about it ?
I hope you are also aware of it that many people stopped buying BTS when it was on rank 24/25 claiming its overpriced and that this value doesn't represent any real value growth.
Its just a pump which always leads sometime to a dump like when your buy wall was eaten
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while George Soros short HKD in 1998, as the Hong Kong Financial Management Officer, Mr Zeng Yinquan definitely need to do what he can to protect HKD and defeat Soros.
I can't imagine that Mr Zeng invite Soros to a party and tell him :"Well done, Buddy! Hong Kong is a free financial market, do what you like."
Maybe Mr Zeng remove the chance for Soros to buy HKD at the cheapest price, yes, that is his responsibility.
And so do OMO for BTS.
the chanllenge for OMO is how to get the purpose with high efficiency and low risk, surely OMO need to behave better.
Total crap which you have completly no understanding at all.
What you are doing here is mixing political battle using economics comparing to a healthy ecosystem which should grow.
China is since decades in an economical battle with the US to open their money control so the US can flood China with uncontrolled money.For this purpose even Bitcoin was used in the past which leaded to a ban in China .
Sorros attack was an economical attack to weaken the chinese resistense and had nothing to do with making money.Of course when Soros is winning he is making money but this is not economical motivatd but political where you clearly lack of knowledge.
Also your argument using on a small ecosystem like bitshares is a joke.
Will people here suffer because of a lower price ?Have lower amount of food,being flooded with foreign worthless USD etc like in HK ?
I highly doubt that.The only suffering would be the big bag holders near margin loosing more BTS which would lead to a better distribution.
So this is a clearly fund to protect your own asset.
You are clearly using BTS for your own personal interrest and not for the benefit of the bitshares community cause i didn't saw a single proposal from you about marketing bitshares DEX to get new members .
Nothing about that.
The only thing i always see about you the last year is how we keep holding the price up so i won't lose much BTS.
I give a fuck if you lose BTS so as you give a fuck if i buy cheap BTS.
And you are clearly violating every single principle of bitshares dex being a decentralised exchange with full transparency.
You are not decentralised at all using not your funds to dictate a price and most important your transperancy is ZERO.
Another fact is that you give shit about the international community which will lead into a fight since people are tired of your crap and expacially favorising the chinese market destroying the bitusd market and in the same time pushing volume on gdex
Maybe i'm the only one who is talking about it openenly but you can read it everywhere in closed chats.
Commitee members seems to have no balls to tell it to you directly i guess fearing about their benefits however you reached a point were i say clearly STOP ........
You have done a lot for the bitshares community there is no doubt about it but this gives you not the right to start abusing it this way
Also please inform us who approved lowering the Ratio for creating new Assets from higher than 4 to lower than 2 ?
Did the community or commitee members decided about it ?
Of course i suffer because of a lower price, and i hate people who shorten Bitshares, they just want to get more bts in a lower price and sell them in a higher price, and then shorten bts again. They don't care about the development of Bitshares. Just as Tesla, so many people shorten Tesla, and Elon Mask and supporters of Tesla hate them. I hate people who shorten bts, so i support bitcrab who protect bts price.
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while George Soros short HKD in 1998, as the Hong Kong Financial Management Officer, Mr Zeng Yinquan definitely need to do what he can to protect HKD and defeat Soros.
I can't imagine that Mr Zeng invite Soros to a party and tell him :"Well done, Buddy! Hong Kong is a free financial market, do what you like."
Maybe Mr Zeng remove the chance for Soros to buy HKD at the cheapest price, yes, that is his responsibility.
And so do OMO for BTS.
the chanllenge for OMO is how to get the purpose with high efficiency and low risk, surely OMO need to behave better.
Total crap which you have completly no understanding at all.
What you are doing here is mixing political battle using economics comparing to a healthy ecosystem which should grow.
China is since decades in an economical battle with the US to open their money control so the US can flood China with uncontrolled money.For this purpose even Bitcoin was used in the past which leaded to a ban in China .
Sorros attack was an economical attack to weaken the chinese resistense and had nothing to do with making money.Of course when Soros is winning he is making money but this is not economical motivatd but political where you clearly lack of knowledge.
Also your argument using on a small ecosystem like bitshares is a joke.
Will people here suffer because of a lower price ?Have lower amount of food,being flooded with foreign worthless USD etc like in HK ?
I highly doubt that.The only suffering would be the big bag holders near margin loosing more BTS which would lead to a better distribution.
So this is a clearly fund to protect your own asset.
You are clearly using BTS for your own personal interrest and not for the benefit of the bitshares community cause i didn't saw a single proposal from you about marketing bitshares DEX to get new members .
Nothing about that.
The only thing i always see about you the last year is how we keep holding the price up so i won't lose much BTS.
I give a fuck if you lose BTS so as you give a fuck if i buy cheap BTS.
And you are clearly violating every single principle of bitshares dex being a decentralised exchange with full transparency.
You are not decentralised at all using not your funds to dictate a price and most important your transperancy is ZERO.
Another fact is that you give shit about the international community which will lead into a fight since people are tired of your crap and expacially favorising the chinese market destroying the bitusd market and in the same time pushing volume on gdex
Maybe i'm the only one who is talking about it openenly but you can read it everywhere in closed chats.
Commitee members seems to have no balls to tell it to you directly i guess fearing about their benefits however you reached a point were i say clearly STOP ........
You have done a lot for the bitshares community there is no doubt about it but this gives you not the right to start abusing it this way
Also please inform us who approved lowering the Ratio for creating new Assets from higher than 4 to lower than 2 ?
Did the community or commitee members decided about it ?
Of course i suffer because of a lower price, and i hate people who shorten Bitshares, they just want to get more bts in a lower price and sell them in a higher price, and then shorten bts again. They don't care about the development of Bitshares. Just as Tesla, so many people shorten Tesla, and Elon Mask and supporters of Tesla hate them. I hate people who shorten bts, so i support bitcrab who protect bts price.
Do you even understand how economics work ?
Do you have any clue how mass adoption works ?
You are clearly a selfish ignorant looking only to get your highest profit the quickest possible way without a real increase of value even hurting the healthy growth of that project
-
while George Soros short HKD in 1998, as the Hong Kong Financial Management Officer, Mr Zeng Yinquan definitely need to do what he can to protect HKD and defeat Soros.
I can't imagine that Mr Zeng invite Soros to a party and tell him :"Well done, Buddy! Hong Kong is a free financial market, do what you like."
Maybe Mr Zeng remove the chance for Soros to buy HKD at the cheapest price, yes, that is his responsibility.
And so do OMO for BTS.
the chanllenge for OMO is how to get the purpose with high efficiency and low risk, surely OMO need to behave better.
Total crap which you have completly no understanding at all.
What you are doing here is mixing political battle using economics comparing to a healthy ecosystem which should grow.
China is since decades in an economical battle with the US to open their money control so the US can flood China with uncontrolled money.For this purpose even Bitcoin was used in the past which leaded to a ban in China .
Sorros attack was an economical attack to weaken the chinese resistense and had nothing to do with making money.Of course when Soros is winning he is making money but this is not economical motivatd but political where you clearly lack of knowledge.
Also your argument using on a small ecosystem like bitshares is a joke.
Will people here suffer because of a lower price ?Have lower amount of food,being flooded with foreign worthless USD etc like in HK ?
I highly doubt that.The only suffering would be the big bag holders near margin loosing more BTS which would lead to a better distribution.
So this is a clearly fund to protect your own asset.
You are clearly using BTS for your own personal interrest and not for the benefit of the bitshares community cause i didn't saw a single proposal from you about marketing bitshares DEX to get new members .
Nothing about that.
The only thing i always see about you the last year is how we keep holding the price up so i won't lose much BTS.
I give a fuck if you lose BTS so as you give a fuck if i buy cheap BTS.
And you are clearly violating every single principle of bitshares dex being a decentralised exchange with full transparency.
You are not decentralised at all using not your funds to dictate a price and most important your transperancy is ZERO.
Another fact is that you give shit about the international community which will lead into a fight since people are tired of your crap and expacially favorising the chinese market destroying the bitusd market and in the same time pushing volume on gdex
Maybe i'm the only one who is talking about it openenly but you can read it everywhere in closed chats.
Commitee members seems to have no balls to tell it to you directly i guess fearing about their benefits however you reached a point were i say clearly STOP ........
You have done a lot for the bitshares community there is no doubt about it but this gives you not the right to start abusing it this way
Also please inform us who approved lowering the Ratio for creating new Assets from higher than 4 to lower than 2 ?
Did the community or commitee members decided about it ?
Of course i suffer because of a lower price, and i hate people who shorten Bitshares, they just want to get more bts in a lower price and sell them in a higher price, and then shorten bts again. They don't care about the development of Bitshares. Just as Tesla, so many people shorten Tesla, and Elon Mask and supporters of Tesla hate them. I hate people who shorten bts, so i support bitcrab who protect bts price.
Do you even understand how economics work ?
Do you have any clue how mass adoption works ?
You are clearly a selfish ignorant looking only to get your highest profit the quickest possible way without a real increase of value even hurting the healthy growth of that project
In fact, i think you are a foolish and rude man.
With the growth of smart coin ,then we can develop stronger ecology. so we need increase our smart coin with strong consensus. How we get strong consensus? just rely on the development of dex? OMO and spring fund will together all supporters of bts. Do you understand?
You say you understand how economics work. WHY i never find you have some good advice for the growth of Bitshares? or you just can oppose other who love bts and try to lead bts?
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while George Soros short HKD in 1998, as the Hong Kong Financial Management Officer, Mr Zeng Yinquan definitely need to do what he can to protect HKD and defeat Soros.
I can't imagine that Mr Zeng invite Soros to a party and tell him :"Well done, Buddy! Hong Kong is a free financial market, do what you like."
Maybe Mr Zeng remove the chance for Soros to buy HKD at the cheapest price, yes, that is his responsibility.
And so do OMO for BTS.
the chanllenge for OMO is how to get the purpose with high efficiency and low risk, surely OMO need to behave better.
Total crap which you have completly no understanding at all.
What you are doing here is mixing political battle using economics comparing to a healthy ecosystem which should grow.
China is since decades in an economical battle with the US to open their money control so the US can flood China with uncontrolled money.For this purpose even Bitcoin was used in the past which leaded to a ban in China .
Sorros attack was an economical attack to weaken the chinese resistense and had nothing to do with making money.Of course when Soros is winning he is making money but this is not economical motivatd but political where you clearly lack of knowledge else you wouldn't use it here.
Also your argument using on a small ecosystem like bitshares is a joke.
Will people here suffer because of a lower price ?Have lower amount of food,being flooded with foreign worthless USD etc like in HK ?
I highly doubt that.The only suffering would be the big bag holders near margin loosing more BTS which would lead to a better distribution.
So this is a clearly fund to protect your own asset.
You are clearly using BTS for your own personal interrest and not for the benefit of the bitshares community cause i didn't saw a single proposal from you about marketing bitshares DEX to get new members .
If i'm not mistaken your vote support is also very thin.You care about liquidity but did you even voted for the DEXBot as example ?
Nothing about that.
The only thing i always see about you the last year is how we keep holding the price up so i won't lose much BTS.
I give a fuck if you lose BTS so as you give a fuck if i buy cheap BTS.
And you are clearly violating every single principle of bitshares dex being a decentralised exchange with full transparency.
You are not decentralised at all using not your funds to dictate a price and most important your transperancy is ZERO.
Another fact is that you give shit about the international community which will lead into a fight since people are tired of your crap and expacially favorising the chinese market destroying the bitusd market and in the same time pushing volume on gdex
Maybe i'm the only one who is talking about it openenly but you can read it everywhere in closed chats.
Commitee members seems to have no balls to tell it to you directly i guess fearing about their benefits however you reached a point were i say clearly STOP ........
You have done a lot for the bitshares community there is no doubt about it but this gives you not the right to start abusing it this way
Also please inform us who approved lowering the Ratio for creating new Assets from higher than 4 to lower than 2 ?
Did the community or commitee members decided or even talked about it ?
I hope you are also aware of it that many people stopped buying BTS when it was on rank 24/25 claiming its overpriced and that this value doesn't represent any real value growth.
Its just a pump which always leads sometime to a dump like when your buy wall was eaten
Yes, most of the BTS holders suffer the low price of BTS, and low BTS price lead to smartcoin shortage and hurt the ecosystem.
if you are not able to understand this, I don't think I have too much time to explain it to you.
what i do favorite China market and destroy bitUSD market? sorry I totally do not understand this. need more clarify.
committee-cnytrader is a 3/5 multisig of 5 Chinese committee member, it's clear that setting a new ratio need the consensus of the group.
committee-usdoperator is now a 1/3 multisig and actually most of the time I operate it, I hope committee members from USD world can take charge of it, no problem to remove me from the multisig.
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while George Soros short HKD in 1998, as the Hong Kong Financial Management Officer, Mr Zeng Yinquan definitely need to do what he can to protect HKD and defeat Soros.
I can't imagine that Mr Zeng invite Soros to a party and tell him :"Well done, Buddy! Hong Kong is a free financial market, do what you like."
Maybe Mr Zeng remove the chance for Soros to buy HKD at the cheapest price, yes, that is his responsibility.
And so do OMO for BTS.
the chanllenge for OMO is how to get the purpose with high efficiency and low risk, surely OMO need to behave better.
Total crap which you have completly no understanding at all.
What you are doing here is mixing political battle using economics comparing to a healthy ecosystem which should grow.
China is since decades in an economical battle with the US to open their money control so the US can flood China with uncontrolled money.For this purpose even Bitcoin was used in the past which leaded to a ban in China .
Sorros attack was an economical attack to weaken the chinese resistense and had nothing to do with making money.Of course when Soros is winning he is making money but this is not economical motivatd but political where you clearly lack of knowledge.
Also your argument using on a small ecosystem like bitshares is a joke.
Will people here suffer because of a lower price ?Have lower amount of food,being flooded with foreign worthless USD etc like in HK ?
I highly doubt that.The only suffering would be the big bag holders near margin loosing more BTS which would lead to a better distribution.
So this is a clearly fund to protect your own asset.
You are clearly using BTS for your own personal interrest and not for the benefit of the bitshares community cause i didn't saw a single proposal from you about marketing bitshares DEX to get new members .
Nothing about that.
The only thing i always see about you the last year is how we keep holding the price up so i won't lose much BTS.
I give a fuck if you lose BTS so as you give a fuck if i buy cheap BTS.
And you are clearly violating every single principle of bitshares dex being a decentralised exchange with full transparency.
You are not decentralised at all using not your funds to dictate a price and most important your transperancy is ZERO.
Another fact is that you give shit about the international community which will lead into a fight since people are tired of your crap and expacially favorising the chinese market destroying the bitusd market and in the same time pushing volume on gdex
Maybe i'm the only one who is talking about it openenly but you can read it everywhere in closed chats.
Commitee members seems to have no balls to tell it to you directly i guess fearing about their benefits however you reached a point were i say clearly STOP ........
You have done a lot for the bitshares community there is no doubt about it but this gives you not the right to start abusing it this way
Also please inform us who approved lowering the Ratio for creating new Assets from higher than 4 to lower than 2 ?
Did the community or commitee members decided about it ?
Of course i suffer because of a lower price, and i hate people who shorten Bitshares, they just want to get more bts in a lower price and sell them in a higher price, and then shorten bts again. They don't care about the development of Bitshares. Just as Tesla, so many people shorten Tesla, and Elon Mask and supporters of Tesla hate them. I hate people who shorten bts, so i support bitcrab who protect bts price.
Do you even understand how economics work ?
Do you have any clue how mass adoption works ?
You are clearly a selfish ignorant looking only to get your highest profit the quickest possible way without a real increase of value even hurting the healthy growth of that project
In fact, i think you are a foolish and rude man.
With the growth of smart coin ,then we can develop stronger ecology. so we need increase our smart coin with strong consensus. How we get strong consensus? just rely on the development of dex? OMO and spring fund will together all supporters of bts. Do you understand?
You say you understand how economics work. WHY i never find you have some good advice for the growth of Bitshares? or you just can oppose other who love bts and try to lead bts?
We agreed on lack of smartcoins and thats why we voted for creating smart coins from RP fund.However we never agreed on price manipulation.You don't grow an ecology by fake pumping a coin but by getting adoption.
Bringing liquidity to DEX doesn't mean to pump BTS price up.
And i haven't seen any activity of bitcrab on WP trying to get these adoption or even trying to get liquidity by DEXbot.
He is in general not voting much just for his own WP
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Yes, most of the BTS holders suffer the low price of BTS, and low BTS price lead to smartcoin shortage and hurt the ecosystem.
if you are not able to understand this, I don't think I have too much time to explain it to you.
what i do favorite China market and destroy bitUSD market? sorry I totally do not understand this. need more clarify.
committee-cnytrader is a 3/5 multisig of 5 Chinese committee member, it's clear that setting a new ratio need the consensus of the group.
Because of the smartcoin shortage we agreed on creating smart coins using the RP funds but we never agreed on price manipulation.
The consensus is from 2 other commitee members which i checked and which also explains they tried to discredit.
All 3 of you clearly violated the WP terms holding the Ratio high.All 3 of your didn't communitcated with the community once again and i'm tired of it.
what i do favorite China market and destroy bitUSD market?
Because you mainly created smart assets for cny and many people who traded before with bitusd moved from bitusd to bitcny(because of lack of liquidity) creating an even bigger liquidity issue on bitusd and diffrence bentween bitcny and bitusd which decreased automaticly volume of all trading pairs for bitusd
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Now Bitcrab is trying to change the feed price so the price on DEX will dominate the feed price.
This way he can stop the feed price at any specific price by adding a buy wall
which will be counted as globally accepted price because of DEX volume dominance even prices on
other exchanges which he can't manipulate will be way lower.
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That is not the main problem... no matter how big the wall would be, it would be eaten quite quickly. The problem is that funds creating this wall belong to the community and therefore nobody should gamble with them.
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That is not the main problem... no matter how big the wall would be, it would be eaten quite quickly. The problem is that funds creating this wall belong to the community and therefore nobody should gamble with them.
so what will be if nobody will eat that wall ?
Thanks for your time !
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Yes, it could happen that the wall would stay in place for some time if the price difference between CEX and DEX would be too small for arbitrage to be worth of effort. But I still cannot imagine that there would not be a single person in the world who would like to get free money, even if it would be just 0.001% of 1 million of bitUSD :)
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Yes, it could happen that the wall would stay in place for some time if the price difference between CEX and DEX would be too small for arbitrage to be worth of effort. But I still cannot imagine that there would not be a single person in the world who would like to get free money, even if it would be just 0.001% of 1 million of bitUSD :)
When you pay trading fee on BitUSD that profit would be gone already.
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I was thinking about 0.001% after all fees (net profit). The point is that no matter how small the relative profit is, if the base is huge, there will be somebody who will take his part and therefore no buy wall will keep for long time.