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Messages - bitcrab

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1
I am against that. Because who is to decide who gets excluded and who doesn't? That's just another way to manipulate the votes.

right,another problem is how to exclude if the goal account switch to another account? say, beos switch from "beos" to "beos-pro", can the system always exclude it?

2
Also bitcrab please stop your manipulative games it's not working on me.

perhaps you do not understand, but that's the way bitCNY is on, it is not a decision made by any single person, but by the whole China community.

we just updated one BTS derivative design, initially it based on the real time BTS price, now it base on one function of BTS price.

calm down, buddy, I'd like to see how you catch the big money flood which will accure soon because of negative interest.

3
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 31, 2020, 03:13:59 am »
It's an identical problem - when faced with an unacceptable situation the outcome has been to repeatedly provide fake numbers.

Trust me when I say nobody believes China has solved the problem, they're simply lying about the figures, exactly like how BSIP76 proponents have behaved with bitCNY (provide fake numbers to escape an undesirable reality). https://www.youtube.com/watch?v=llgCCybOZoA

Why does my location matter? No courts are open; if I was in china would you be demanding my incarceration? Sad. I may or may not currently reside in the fully independent nation state of Taiwan.

interesting, why shall I trust you, not my eyes?

we just updated the design of bitCNY, in old times bitCNY is a derivative that base on BTS real time price. now it is a derivative that base on one function of BTS price.

surely this change hurt bitCNY holders, but it solve the death spiral and benefit BTS future. the decision is made mainly by China community, include most of the bitCNY holders.

4
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 30, 2020, 03:19:51 am »
In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.
BS. Global settlement would have nullified this bad debt issue & we'd likely have recovered by this point.

BitAssets weren't created to defraud the bitshares community, yet here we are - the committee owned bitassets now permanently disgraced scamcoins.

Shame on you for fundamentally destroying the integrity of bitassets permanently.

On the upside, at least we know now that china's lying about their covid figures since these bitCNY fixed feeds are seemingly fully acceptable to the CCP. Had you not led the bitassets to defraud the entire Bitshares community I might have taken the CN Covid figures at face value and not prepared as well as I did for this quarantine. Cheers mate 👍

if you want to discuss bitCNY issue, let's focus on it, covid figures is another irrelevant problem.

and it's clear that China has solved internal problems and is now helping the whole world. as a Chinese that live in Shanghai I am clear what happened here.

BTW, where do you come from?

5
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 29, 2020, 04:50:01 pm »
I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.

The best thing that could happen to bitshares is for you personally to end up in concrete box with bars after an anonymous report to state security and exchange commission.   And all your friends and associates locked up and fined as well. 

Please somebody, do us all a favor, and report this asshole:

CHINA http://www.csrc.gov.cn/pub/csrc_en/about/contact/
USA https://www.sec.gov/tcr
EU https://www.esma.europa.eu/whistleblowers-corner

If you report to SEC you may be eligible for up to 10% of any money recovered as a reward!

Flectere si nequeo superos, Acheronta movebo.

just report it yourself, don't you like the reward?

the decision is made by community through voting, not by myself.

6
General Discussion / Re: Review of BAIP2
« on: March 29, 2020, 03:39:01 pm »
You PERSONALLY and all of your bullshit BSIPS and BAIPS related to making margin call impossible are what have ruined the architecture of the smartcoin ecosystem.

if you are too stupid to understand what is shorting attack/ death spiral, I don't know how to explain to you.

7
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 29, 2020, 06:50:01 am »
In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.


You give an example that you didn't understand until now,that is such an irrelevant example.

If other stablecoin use BTS as collateral, then you will get a very good pretext to blame which is the culprit can‘t make BTS survive!

How pathetic and preposterous!

Then who is the killer to BTS?

I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.

8
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 29, 2020, 03:46:23 am »
In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.

9
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 28, 2020, 03:21:45 pm »
BSIP76 is a scam. Even to this day the bitshares.org website misleads investors: https://bitshares.org/technology/price-stable-cryptocurrencies/

BSIP76 has HUMILIATED CNY on an international stage & destroyed the credibility of bitassets as a store of value permanently.

Shame on all BSIP76 proponents.

If you do not understand what sense does BSIP76 make, update yourself.

bitshares.org need update.

we understand BSIP76 make bitCNY&bitUSD peg off, but there is no better choice.

to stop the death spiral from destroying BTS, we have to do so.

what we need to do is make BTS price above the threshold stably, the way is to make the system income support BTS price, and that is what the core prelude worker focus on.



10
The proposed BSIPS have no real impact based on our volume thats the reality.Instead of focusing on getting new users and fresh money on dex we only focus on DEX parameters.

I believe that charging 1% on force settlement will not lower the volume dramatically.

Yes the current trading volume in DEX in low, but definitely we need BSIP86 as a tax infrastructure.

and charging on margin call is also a must.

Yes we need DeFi, P2P Lending is on discussion in the next core worker, but we need this core prelude worker first. 

I hope you and @alt be the contributor, not the obstructor of BTS evolution.

11
General Discussion / Re: Market making contest (main thread)
« on: March 18, 2020, 03:24:54 am »
Now i must question the Market making contest:

1. Did the MM have checked the trade volume for so long time?or considered it as a measure of the "liquidity"?

2. Did the MM have checked the growth rate of new effective users for so long time?or considered it as a measure of the "result"?

3. Did the MM have a BSIP for the community to vote?or the fund can be used easily by Committee without the vote of the community?

In a way, the MM became a joke slowly, only have expenditure,nothing gained.

These are fair questions to consider and get answers too.

I am finding it increasingly difficult to see why this is still running without seeing any visible benefit except to the few anonymous bots optimized to eat this up.

here are some pics to show how the trading volume of some relevant pairs changed after the contest began at the end of Oct 2019:









Definitely the contest make big sense for a DEX and should continue.

12
General Discussion / Re: Hello 👋
« on: March 17, 2020, 06:50:37 am »
Currently bitRUBLE is best committee-owned MPA, as it's retain original MCR=1.75 and MSSR=1.1.

it do not make big issue as it is in too low supply to impact BTS price while market crash.

13
Yes it's coming. Sincere apologies that I was completely unable to communicate or dedicate myself to work lately, I've had some private/family issues to take care of.
 
Before actual new draft, in simple terms:

Mainnet 4.0 will be rescheduled
Mainnet 4.0 will have few additional BSIP's added
Mainnet 4.0 will execute "reserve pool negative balances" fix
Mainnet 5.0 will not be included in 2020 core part 1 worker
Testnet 5.0 will be final point of the new worker draft

Chee®s

I believe release 4.0 will be a milestone in BTS evolution.
hope the reorganized core team can start to work on this ASAP. Time does not wait for people.

14
中文(Chinese) / Re: 重新认识bitCNY
« on: March 15, 2020, 12:06:05 pm »
daI这把黑天鹅目前看处理的不错,dai的汇率 也只是短暂脱钩而已,没有经验 可以学习一下吗

不错啥呀,因为清算规则问题和网络拥堵问题,Maker要拿出500万美元来填坑。要靠卖MKR来筹集。
而且一堆爆仓者债仓的抵押物都被以极低的价格卖掉,最后债仓被清算得毛都不剩,让许多竞标者捡了大便宜。
花这种代价去维持DAI的稳定,有啥意义啊。
Maker发生的事情,让我更坚定地认为BTS现在走的路是正确的。



15
General Discussion / Re: Hello 👋
« on: March 15, 2020, 08:36:50 am »
The painful history of BTS has taught us a lot, we realized that it is impossible to make smart coin peg exactly at any time,  and we need to change to stop the way of pegging from hurting the whole ecosystem, measures are taken accordingly.

After the implementation of BSIP58, BSIP76, BAIP2, bitCNY and bitUSD are no longer expected as exactly pegged asset at any time. they are derivatives of BTS that can peg under some conditions, and peg off under some other conditions, they can still be used as tools of leveraging, risk controlling, arbitraging and so on. the great benefits is, the death spiral disappeared. BTS holders need not to worry that market crash will lead BTS price to 0.

I observed Maker’s behavior in the recent market crash, it behaved like BTS in old times, and due to the booming gas fee and the settlement rule of DAI, many margin called CDPs are settled in very low price, some bidders get the collaterals in very cheap price and what they paid cannot cover the debt, Maker team has to pay the gap by selling MKR. Maker team and debt position owners are both losers in this market crash.

I am glad that BTS has left this page behind, although bitCNY and bitUSD are now in big devaluation due to BSIP76, we successfully avoid the crash of BTS price, I believe not only debt position owners, but also all BTS holders would like to see this.

We expect to restore the peg of the smart coin by making BTS price be stably above the threshold, the way to get this is to increase the system income by charging from margin call, force settlement and UIA market fee, and pay public expenditures and buy back BTS using the accumulated fees,  if all the things going well, we can get features for this in release 4.0.

I hope the ones who always call BSIP58, BSIP76 and BAIP2 “market manipulation” can update their idea, we are just utilizing creative solution.

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