I know about what BEOS is and what BEOS done, but i don't want to choose a devil to against another devil, but you choose to stand with a devil which you can't controll and this devil can expand very fast with a fake price.
170M VP can't control anything, but a expanding leveraged collateral VP can controll everything, if they unite, no one can stop them!
No one are talking debtors is bad, i'm a debtor too, but i give your a truth thought about a debtor, but you choose to not believe it, and please remember i told you before: don't believe the tears of gambler, don't believe any words of CN-VOTE, kang8 or zhouxiaobao-2010. As a long debtor from 2017, i know more about them than you.
All what i suggest to the bitasset, it is not to protect the debtor, just only want to make this market more fair, rules can protect the maker and debtor have a fair competition in the market, to make the bitasset become more better, any cheat rules is inexcusable in this market.
In other words, as a debotor this action didn't have any benefit to me, but i still choose to support it, many cn-members choose to support it, are we stupid?
No, what you see just is a small step of bts, we hope a more deep changes happened in bts, maybe this will be happened or not, but this will attract the real bts holder and dev return.
Same rules apply to all about collateral.In real world collateral is also giving voting rights.
You must clealy to see the word: "Same rules apply to all about collateral", if any bts holder want to make a collateral? if any bts holder want to make a high collateral in a fake price like them? what you say is just want to push other to cheat the system without ethics like them, this become the sins as the others didn't want to do.
Please see the real world, bro, no project will give the VP to leveraged collateral, even in the real company, no person will allowed the leveraged collateral have the voting rights, it has a very stricter laws about this. I will gvie you a very simple example again:
When a debor borrowed money from the bank to buy the collateral and make this leverage again and again,if the price of collateral rised,everything is ok,the debor can make this leverage continuously, but if the price of collateral fell, their first thought is not to return the debt, but is to control the lending system to save their position as this is the best way to save their interests, if they really have power to control the lending system, they will make this happend immediately. No one can decide the changes of real price of collateral, so this behaviour will be happend certainly.
I have told the truth to you very clearly and you didn't know how terrible big of these cumulate leverage will become until now which cn-members know long time ago, that's not your fault, as you are never one member of us.
If you choose to stand with another devil, god bless you, bro!
This is over.