Bitcrab, are you the one who listed BTS on fota.com?

MSSR 1.02将导致黑天鹅，就像bitUSD一样

仓库订单不会被消化

this will cause a global settlement on bitCNY, just like bitUSD

No actually this accident can happen to anyone, the proposal is right there on the UI to accept and an uninformed / fatigued user will make the same mistake

remove the proposals from the UI, it's only causing trouble and the people who are using them currently should already know how to use the cli_wallet

the margin call will be arbitraged less at MSSR of 1.05 than 1.1, it's not a binary thing

If you see people buying the margin call at a lower MSSR, it doesn't mean that the previous MSSR did not have any effect

actually lowering MSSR exponentially increases the chance of global settlement, because the margin call won't be arbitraged anymore

higher chance of global settlement

It's because users need to be approved by admin

Quote from: Customminer on January 11, 2019, 01:10:29 PM
It's impossible, consider the tokens destroyed. Any attempt at centralized theft of bitCNY destroys the credibility of bitCNY.

Yeah, it just adds additional risk to bitassets, which can deter people away from it

We are trying to get adoption of bitassets, instead of of spreading fear

Interesting, keep us updated

Ni hao

Quote from: alt on December 31, 2018, 01:02:28 AM

Quote from: armin on December 30, 2018, 05:14:09 PM
@alt, did you count target CR as well?

for now, the feed price is 0.2727, count target CR, there are totally 4.5M bitcny in force margin call state,

Actually, I calculated it higher than web wallet still. For feed 0.2642, I got 8.855m CNY in called state when accounting for target_collateral_ratio.

Pseudocode:

For each call order,

if callOrder has target_collateral_ratio key,
target = (get target_collateral_ratio) / 1000
requiredCollat = target * debt
currentCollat = collateral * feed_price
delta = requiredCollat - normalizedCollat
marginCall += delta

requiredCollat come from this equation, for example:

1.5 MCR = 75K CNY in collateral / 50k CNY debt

1.76 MCR = 88K CNY in collateral / 50K CNY debt

Here, requiredCollat is 1.76 * 50K = 88K CNY

thank you, let me verify.

The high feed/low mssr (cause effectively the same outcome) is what has allowed undercollateralization in bitUSD for an artificially long time, leading to a black swan. There was no black swan before. If MCR is immediately increased by selling the BTS collateral, then black swan cannot occur.

Please do not post biased opinions, think clearly, this thread is for Proxies reply only

I think Thul3 has made a Proxy so it is fine