What is the CC? is it a open source project ? seems interesting

Quote from: starspirit on May 13, 2015, 02:26:45 am

[Edit: Shortened]

Thanks BM for providing your views around yield.

Firstly, I’m still struggling to see how we deal with high yielding currencies. If users are forced to lock it away in the bond market for yield, it won’t be used for transactions.
...

I would summarize it like this:  does cash pay interest?   do checking accounts ever pay meaningful interest?    There are many people here claiming that the "longs should pay the shorts" well, that is happening naturally by the longs *not charging interest* to the shorts.    This will increase supply of BitUSD and reduce the premium above the feed.   Any interest payments will only add to the risk profile the shorts face and create larger premiums above the feed.   No one ever pays meaningful interest for "on demand instant liquidity investments". 

To get high interest bonds usually requires locking up your funds for a period of time in some kind of bond.   It normally entails some kind of risk. 

If the blockchain mirrors the real world then BitUSD can ben lent at interest for fixed terms in the bond market to shorts who want the guarantee of not being called or who want extra leverage.   There will be a huge market to borrow BitUSD against other, more-stable, collateral.  IE: Borrow BitUSD using BitGold as collateral.   Here is a market that has minimal BTS exposure and will likely have large demand.   

So those who need liquidity can stay in BitUSD, those who want yield can offer their BitUSD to the bond market.    The existence of the Bond market creates arbitrage opportunities where you can buy BitUSD and then lend it at X% interest.  This is just like banking / cash where you have the option to get yield, but not everyone takes it.   

longs should pay the shorts. If it is not the case, this project will fail. This my opinion, we will see it.
Most important thing for BTS is the peg. Premium means not pegged.
No one want short makes BTS die!

被这个给坑惨了。马勒戈壁


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Just check this:
https://youtu.be/CMbgER0BOqA

This is a report on Shanghai international TV.

什么破提议。
一看就没经过脑子

Take a seat first.

Edit:
This is not good, as u did not consider the case that no one want short.

1. We need to enable interest rate range from positive to negative. If large demand of USD or no one want short, shorter can set the interest to negative, to hedge some risk. If people do not want USD, but some people still want to short, then they can set the interest to positive, to encourage people hold USD.

2. We need to enable the monthly reset collateral rate to 200%, for the short order that collateral no more than 200%. Shorter can chose add their collateral, or cover this short. Short order that with collateral rate more than 200% no need cover, the part of collateral more than 200% will be automatically return to shorter.

3. If we have 1 and 2, I agree with your force-settlement. But we shall only force settle the bitUSD that are listed in the sell side market. More than x day cheaper than feed price by 1%, then it will trigger force settlement. This will give potential  bitUSD buyer a chance to buy the bitUSD, this can reduce unnecessary settlement and reduce settle-attack. Force-settle will execute the short order that will the less collateral rate first, then the oldest order settle first.

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