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Messages - Thul3

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1
as I know, 2 witnesses has switched to push 1.05 as MSSR, more witnesses are working for the change.
While I agree with the proposal in general, I do *not* agree with the witnesses just flipping their opinions singlehandedly .. without even having discussed things with the BTS voters ..
For me, I saw this proposal only today and haven't been given sufficient time to let the proposal sink in properly.

The consequence might as well be that I need to look into removing my vote for witnesses that just "do" without community engagement. So far, the consensus has been a 10% MSSR.
I understand that the english-speaking community is not the target-audience for bitCNY, but I do feel a responsibility towards the BitShares Blockchain as
a platform with bitCNY being a prominent "product" - that is why I engage in discussions around bitCNY frequently and try to provide my point of view.

Rushing changes without proper discussion rarely results in good outcome. Let's rather argue here in the forums and see where the community and wisdom of the crowd puts us.

actually China community has discussed this topic a lot, it's not a very new idea. witnesses like magicwallet has suggested to reduce MSSR before, they are not "just do it".

to make the new MSSR take effects need more than 14 witnesses to change, I feel it will take more than 1 week, we can discuss this topic sufficiently in this time and stop the change immediately if community reach an consensus that the change is dangerous.

First 3 witnesses who changed MSSR :

witness.yao
delegate.freedom
magicwallet.witness

If you got them as witness voted you can unvote them if you don't agree to their actions

2
Quote
@JonnyB, it is a little unfair to claim he is changing anything. If at all, it is the committee that has the power to modify parameters. That includes more than just bitcrab.

Thats why i asked what changed on the OMO fund for bitcrab,jademont,ebit who broke community consensus.
You are leaving that question and it seems for part of the community like a free ticket.

0.Currently nothing because we are in a bear market and BTS price could go way lower.The market is already dried out at 10%.
It would create an additional risk when currently lowering to 5% that there will be a gap which can't be filled by external funds
anymore and could lead to a quicker dump of the BTS price.
It would also cause that the USD/CNY price will diverge even more seeing a USD price of arround 7.35 CNY which is also not anatural price .

1.

2.Only when the bear market ends.Else the commitee adds even more uncalculated risk to the community which could harm it.

3.Change from 2 weeks to 3 months i don't understand.Please explain this to me

4.If i understand it correctly during that time you let the MSSR  stay at 1.05 and will only reset it if there is enough opponents to it raising their concern ?
Turning arround the way it should be that it will only get changed if there will be enough for worter for it into it only won't get changed if there are not enough against speaker ?

Quote
as I know, 2 witnesses has switched to push 1.05 as MSSR, more witnesses are working for the change.

These witnesses have changed the MSSR based on community consensus ?


JUST AS INFO I'M GOING TO PUBLISH THE WITNESSES NAME WHICH CHANGED IT ALREADY TO 1.05 WITHOUT ANY CONSENSUS.

I hope the community will show you their love for it

3
Quote
I agree with this proposal, it can help balance the bitCNY price closer to 1: 1 with CNY, but please set up settlement offset back to 1%

Could you explain how ?


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All of these potential changes should be considered for all bit assets.  No reason for CYN to be different, this is more confusing for users.

BitUSD isn't able to buy out the margin calls on the market currently as they are still there and you want to lower the MSSR for it so they will be even bigger ?

4
A 1.1 MSSR isn't able to arbitrage all called margins on DEX.Would you lower it to 5% it would mean that on bigger falls like now the external funds which will come from CEX will be even smaller buy off margin calls.

The only real solution would be getting more users to DEX.

5
Quote
I'd say, let the market decide for a "fair" price of BTS (in CNY)

Using unnatural massiv buy walls and community funds to "maintane BTS price"?That is more like centralised plan business in the 80's which we all now where it leaded


Quote
Assuming strong arbitrage, we can say that the volume of that exchange that has the fairest valuation of BTS price also has
the highest volume.

I would agree on that if there were no massiv targeted interventions to keep a price up.Buying BTS in batches is something diffrent than creating buy walls.And you guys still have no official rules or transparency how you will use the commitee accounts in future (beside bitcrabs statement about keeping building unnatural prices) i can't agree on this without having any clear rules and most important transparancy about the OMO.


I would like first to get clear answers if the OMO will still be used to create big unnatural buy walls or if it will be used like it was supposed to buy BTS in batches on diffrent prices depending on the CR and What kind of Ratio allows the commitee accounts to buy more BTS




6
现在看来,公市基金应该更多地通过在市场做多情绪明显时出货来积累弹药,减少抵押来产生弹药的比例。

毕竟对公市基金来说BTS是源源不断流入的,而bitCNY/bitUSD却很宝贵。而抵押又是把双刃剑。

复盘这段时间,应该在1.4左右就开始逐步少量出货。

我倒还是建议对爆仓单收取一定的手续费来补充公市基金,并大力建议将爆仓惩罚降低至105%(先将BITCNY区降,毕竟BITCNY流量深度最好),target_CR机制生效后,覆盖率已经不是很重要的问题,而且通过此举能够降低连续爆仓对内盘价格冲击的力度。

您想创建一个集中控制站吗?

7
we support the suggestion of bitcrab. just do it!


Don't talk for all.Majority doesnt support it
Don't talk for all.Majority support it

We are well aware that you are a puppet from bitcrab and everyone supporting this shit was part of crashing the commitee accounts which needs now to be bailed out with community funds.

ebit,jademont,bitcrab and these people are trying now to get us the "highest one" model.....

Somebody claimed because it's based on highest volume.Lets do it based on highest volume but i highly doubt bitcrab would accept it since it would mean we would accept mainly the price of DEX.Since DEX is always under feed price in a bear market what sence would it make to lower the feed price and cause the next margin call wave.....
So the smart bitcrab is going to take only the feed price from DEX when it is supposed to help him to stop his margin calls.
So when is DEX price in a bear market going to be higher than the current price feed ?
Answer.......only when he puts a big buy wall again like last time.And taking that high unnatural price as feed price will make that the buy wall won't be eaten so quickly even the rest of the market is going massivly down.

Its a clear feature to strenght his manipulation attempt which majority doesn't accept as it has nothing to do with attacks or anything which bitcrab himself confirmed its not so easy anymore and he put that request instantly after his buy wall got eaten because his low margin ratio have been called as external exchanges had a lower price as the price on DEX which were manipulated by his 5 million BTS wall.


Just clearly say the purpose of that change is to strengthen the buy walls so they can't get crushed anymore even the price doesn't represent the value buyers are willing to pay.Creating a centralised controlled price which has nothing to do anymore with free market.

If you argument that DEX has the highest volume then also accept the lower price of DEX as price feed since based on your argument its also the most representiv as it has the highest volume.
Don't pick only the timeframes out which are in your personal favour to manipulate

8
中文(Chinese) / Re: 是时候和央妈一起积极发行bitcny了
« on: August 12, 2018, 08:05:41 am »
作为委员会成员,你是否已经创造了足够的伤害,让巨蟹座的比例如此之低?
社区已经需要救助你的最后一次行动

9
we support the suggestion of bitcrab. just do it!


Don't talk for all.Majority doesnt support it

10
目前的情况下,估计也只能巨蟹来做这个事。
那个klue是老外?它的回复是不是翻译。

许多人都可以做到这一点,不仅因为比例已经是1.82而获得这些账户的巨蟹座

11
You just proofed that i'm right


Quote
while collateral ratio > 4, borrowing more smartcoin is allowed.
Quote
collateral ratio>3, borrowing more smartcoin is not allowed


Bitcrab created more smartcoin at ratio of arround 2 and jademont approved it even as you posted yourself
ratio had to be minimum 4 to be allowed to create new smartcoins.

even more

Quote
while 3>collateral ratio, smartcoin income need to be used to reduce debt position, buying more BTS is not allowed.

And what did they do ?They created even more smartcoins even it clearly says under 3 they need to pay debt and the Ratio was already near 2 and not 3



12
@jademont


Why have you approved bitcrabs proposal to create new assets and lower the CR of the commitee account to nearly 2 when the community consensus on the WP was that no new asset will be allowed to create if the Ratio is under 4 ?
That WP has been only approved because of that high CR ratio.

Who or what gave you the right to break the community consensus without even informing about it the community ?

13
由于他的过去,国际社会的大多数人立即反对bitcrab管理这些资金。他们声称他将运行这些账户作为保证金。
因此,巨蟹座告诉他们要保持创造新资产的最低比率为4,以便与国际社会达成共识。
没过多久,国际社会就指着巨蟹座他们声称在他管理账户时会发生什么。比率为1.96,并且风险很大。

巨蟹座只是通过这种方式证明国际社会是正确的,声称他会在追加保证金的情况下运行这些账户。更多的是他的行为没有透明度。没有任何规则。

我也不同意将xeroc等其他董事会成员纳入委员会账户,因为这些人正在支持癌症,因为癌症正在做许多虚假行为。即使Xeroc确认了这一点。

如果你想在共同基金账户中增加2个人,那么必须是那些反对该基金的人才能控制癌症将无法再与其他2个委员会成员达成社区共识。
因为他们显然未能阻止社区对抗巨蟹座的共识,所以我也会亲自踢ebit和jademont。

14
Can anyone explain to me why the urgent need to modify the feed price in favour of DEX if
bitcrab and everyone else can use now target CR and the so called margin call problem should be solved now ?

Or is it to stengthen future buy walls ?



Seriously explain it to us please as it looks for most people you trying to implement something which is not needed anymore for the claimed attacks.

Please provide transparancy



Also if you think a step further creating a higher BTS price via price manipulation on DEX than CEX which bitcrab is planing will lead that people will take these bitassets for selling BTS buy Assets they can trade on CEX like EOS,BTC,ETH etc which DEX is already leaking to sell it on CEX and buy back cheap BTS there.

So manipulating the price bitcrab is trying will only lead of a bigger liquidity issue of assets like EOS,BTC,ETH etc for a higher BTS price.

Is that really the goal of DEX?

I highly doubt that as this can be only solved via adoption and not via price manipulation

15
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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