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Stakeholder Proposals / Re: [Poll] BSIP42: adjust price feed dynamically
« on: September 22, 2018, 03:19:17 pm »
Your proposal is far better for the community and for transparency RoelandP.
The "fast track" of bsip42 and now seeing signs of push for BitUSD for a similar scheme indicates there is an agenda at play here which goes beyond simply wanting a tighter peg. Although I haven't seen much, it has been mentioned to eliminate the global settlement price, so Thul3's comments about that may right.
Are we witnessing the "controlled demolition" of this ecosystem? When major shareholders propose price feed manipulation (i.e. bsip42) and other proxies and the committee don't jump in to stop it or at least demand a more careful plan to conduct testing, I have to ask.
Making adjustments to increase a derivative's peg "tightness" is one thing, removing global settlement is another.
BTW, when will this bsip42 experiment be over? When will we see a report or something written up about this? When will we have seen enough variations in the market to know the PID parameters are optimized for all market conditions?
Or, are witnesses endlessly supposed to keep making adjustments to the PID settings? That's hardly an improved feed algorithm.
I sure hope bsip42 is heavily discussed at Bitfest and a solid plan is considered to prevent a catastrophe.
The "fast track" of bsip42 and now seeing signs of push for BitUSD for a similar scheme indicates there is an agenda at play here which goes beyond simply wanting a tighter peg. Although I haven't seen much, it has been mentioned to eliminate the global settlement price, so Thul3's comments about that may right.
Are we witnessing the "controlled demolition" of this ecosystem? When major shareholders propose price feed manipulation (i.e. bsip42) and other proxies and the committee don't jump in to stop it or at least demand a more careful plan to conduct testing, I have to ask.
Making adjustments to increase a derivative's peg "tightness" is one thing, removing global settlement is another.
BTW, when will this bsip42 experiment be over? When will we see a report or something written up about this? When will we have seen enough variations in the market to know the PID parameters are optimized for all market conditions?
Or, are witnesses endlessly supposed to keep making adjustments to the PID settings? That's hardly an improved feed algorithm.
I sure hope bsip42 is heavily discussed at Bitfest and a solid plan is considered to prevent a catastrophe.