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General Discussion / Re: is it a goode idea to disable force settlement and black swan for bitCNY?
« on: September 16, 2018, 01:08:02 pm »The difference is that without force settlement there might as well be no backing collateral, especially if nobody buys your sell order entirely within 24hrs of placing it at/around the settlement price.In current situation, I concern more about forced settlements than black swan or global settlements. IMHO forced settlements are needed. For better user experience, perhaps we should match force-settle "orders" with limit orders when prices of limit orders are better than settlement price for the settler.
if then, why not disable force settlement and just let the users place buy orders in market if they want to convert bitCNY to BTS? what's the difference?
Alternative proposal - disable (permanently) the following centralized permissions in bitCNY/bitUSD:
White list
Override authority
Transfer restricted
Disable force settle
Disable confidential