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Messages - binggo

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1
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: Today at 05:39:14 am »
Quote from: bitcrab on Today at 03:13:59 am
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.

This logic is very very stupid, this didn't solve anything and it's very harmful to the BTS future.

Don't blame that to the China community！

and how did you get this conclusion "include most of the bitCNY holders"?

Just want to beg the price arising to rescue, this is …… very pathetic!

2
General Discussion / Re: BAIP5: Set force_settlement_offset of bitCNY from 2% to 5%
« on: Today at 05:21:02 am »
Quote from: sahkan on Today at 03:12:43 am
5% is too low, let's make new rules:
- Force settlement  100%
- Price feed can never be lower than the last price feed
- if you try to transfer your bitAsset, it will be automatically send it to the issuer
- if you try to sell it, it will also go to the issuer
- if you do nothing with it for 10 days ... well, it will also go to the issuer
- and when you get more bitshares you have to go buy bitAssets before you do anything else...

Don't act like a kid.

3
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: Today at 12:30:35 am »
Quote
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.

You are talking about the thing you didn't know, the thing also can be "Trump: 'You don't know what the coronavirus numbers are in USA', ".

This is political attacks and subject, you can talk about it in anywhere, but please not here.

Quote
Stakeholder Proposals

Propose, discuss, and approve BitShares witnesses, workers, proxies, committee members, and other parameter changes.


4
General Discussion / Re: Hello 👋
« on: Today at 12:03:29 am »
Quote from: R on March 28, 2020, 01:19:00 pm
Quote from: binggo on March 25, 2020, 11:55:38 pm
if using the global settlement to crash all the debtors, then the confidence and liquidity will lost very quickly, no one want to come in again.

if using the BSIP71 or lock the feed price, the devalue of bitasset will become very seriously, the market will lost confidence very quickly too, and will harm the benifit of the holder of bitasset, they will leave very quickly.

You think anyone has any confidence left in bitassets to lose? It's entirely gone now mate, people are already unlikely to return. bitCNY & bitUSD have already been SEVERELY devalued, upwards of 71% as mentioned above, there is ZERO benefit to the asset holder from this, thus there can be no confidence in these dead scam coins any more. BSIP76 proponents chose this future, it cannot be forgotten. IMO they should lose the 'bit' prefix for being confirmed scam assets.

We are talking different thing, you just want to complain something again and again, didn't have any new thoughts appears, just want to follow the failed design by BM, sorry about that, talking is over.

5
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: March 30, 2020, 08:02:46 am »
Quote from: R on March 30, 2020, 12:09:10 am
Quote from: binggo on March 29, 2020, 12:47:03 am
Quote from: R on March 28, 2020, 11:41:39 pm
The consequence of  global settlement already applies to bitasset holders; their held bitassets have depreciated significantly in value & they cannot be settled for the correct accurate value. Fixed feeds are not normal prices.

You misundertand something or not undertand something.

A bitasset is just like a country, now you shut down it, kill all the debtor(incloud healthy debtor),  people will choose to run away, no liquidity output, just make matters worse.

Global settlement is a very failed mechanism, it has been proved by the reality.

We should or must make a more better mechanism.
People are already running away from bitassets because they're SCAMS in their current state. Global settlement would have retained some resemblance of credibility, now BSIP76 proponents have zero credibility.

Fact is the bitassets are dead scamcoins, move onto new smartcoins which haven't been destroyed by loser gamblers.

Let's don't talk about the "scam" or something, focus on the topic.

Global settlement:

Bitbtc is already in Global settlement, let's check:

Reviving   
Auto Revive Price (without/with bids)   0.00004230 bitBTC/BTS / 0.00003467 bitBTC/BTS


Price Feed:                       0.00000258 bitBTC/BTS
DEX Market price:             0.00000903 bitBTC/BTS
Force Settlement Price:   0.00002417 bitBTC/BTS
CEX price:                        0.00000258 bitBTC/BTS

so...this is the problem, everyone had lost the motivation.
Market liquidity and confidence had lost.
Bitbtc holders and debtors were developing into a lose-lose situation.
Only hope is waiting the price rising.

BSIP76 has the same situation like Global settlement.
Market liquidity and confidence had lost.
lose-lose.
Only hope is waiting the price rising.

--------------------------------

Why can't we isolate the bad debts（which the Collateral Ratio <1), use the bonds and income of bitasset to handle it?

1. feed price still will be normal；
2. still can pledge；
1 and 2 will provide the motivation and liquidity
3. The hope will not only is waiting the price rising.

6
General Discussion / Re: Review of BAIP2
« on: March 29, 2020, 11:35:42 pm »
Quote
Not a price feed moving average,  not MSSR = 1, not MCR = 1;

I think you are one extreme，bitcrab is another extreme. :(

7
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 29, 2020, 07:18:56 am »
Quote from: bitcrab on March 29, 2020, 06:50:01 am

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

You are wasting BTS time，may i will call you “The killer of BTS”.

Your explanation is weak，it even can't convince yourself，but it can bamboozle your followers, how pathetic，blinded by the endless greed.

The reality will show the ignorance of somebody, ok, it has shown.

8
Stakeholder Proposals / Re: [Poll] BSIP76:Set bitCNY feed threshold
« on: March 29, 2020, 05:01:48 am »
Quote from: bitcrab 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.


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？

9
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: March 29, 2020, 12:47:03 am »
Quote from: R on March 28, 2020, 11:41:39 pm
The consequence of  global settlement already applies to bitasset holders; their held bitassets have depreciated significantly in value & they cannot be settled for the correct accurate value. Fixed feeds are not normal prices.

You misundertand something or not undertand something.

A bitasset is just like a country, now you shut down it, kill all the debtor(incloud healthy debtor),  people will choose to run away, no liquidity output, just make matters worse.

Global settlement is a very failed mechanism, it has been proved by the reality.

We should or must make a more better mechanism.


10
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: March 28, 2020, 10:35:17 pm »
Quote from: R on March 28, 2020, 01:20:25 pm
Quote from: binggo on March 24, 2020, 11:43:21 pm
Ok, let's check the others how to design the stable coin, how to to prevent bad debt.

Maybe this can awaken someone.

MOV Stable Financial System

https://cdn.bytom.io/res/MOV-Stable-EN.pdf
Another NON solution. The solution was global settlement. Stop evading the consequences of bad gambling. BSIP76 shames CNY on an international level.

The global settlement is not the solution, it's will give more worse result to the normal debtor and holder, bitgold,bitbtc,bitsilver had been global settlement very long time, it didn't solve any problems.

Bonds give a choice to holders of biassets, and didn't need to bear too much dangerous, help to solve the bad debts getting the interest from the Bonds, or just want to wait the market giving a choice or surprise.
feed price will still be normal price.

11
Stakeholder Proposals / Re: [Worker Proposal] 2020 Core Development (Part 1/2)
« on: March 28, 2020, 12:53:53 pm »
Quote from: bitcrab on March 28, 2020, 09:02:10 am
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.

Quote
BTS evolution
?

I think you even didn't understan what's that mean.

How are you so definitely in this? how to prove?  In my mind, you have defined something in the past.

This mini mainnet releases spent too much, but got less, only BSIP74 have its role, but BSIP76 and BAIP2 may make it useless.

I think you still didn't have any clear and whole framework for bitasset or defi，what role these BSIPs in this worker will play in the further?  what‘s the correlation between them？

Maybe you just want to charge fees and charge fees, and defined what you still didn't know.

12
中文(Chinese) / Re: 机制的一些看法与方案11/14/2019
« on: March 28, 2020, 02:02:43 am »
留档





13
中文(Chinese) / Re: 开个脑洞？能否给BITCNY这些智能货币持有者一些投票权重
« on: March 26, 2020, 06:20:35 am »
看来，让抵押者自己去管理抵押资产并不是什么好事情，人在赌桌上输急了眼，各种出千耍赖的手段就会随之而来。

总而言之，抵押者的票权需要按照抵押率剥离出来。

当初@pc说的是对的，还不如直接交给cn-vote

14
General Discussion / Re: Hello 👋
« on: March 25, 2020, 11:55:38 pm »
Quote from: Bitcoinfan on March 25, 2020, 08:41:19 pm
Quote from: binggo on March 25, 2020, 03:23:51 am

https://cdn.bytom.io/res/MOV-Stable-EN.pdf

I went through your team's paper.  So it seems like you will try to achieve a targeted price by fee charge that will be determined by both your models and the price feed.  The fees charged will be the interest rate provided to the pegged asset holders.  Its almost acting like a federal reserve that tries to influence the federal funds rate, but without the ability to buy and sell reserves.

Correct me if I'm correct? 

This would have a real lag problem. 

Bonds also can deviate tremendous from their underlying assets they cover because of the lack of liquidity in the system.  Not sure how you solve that end of the problem.

Take part of it out, then use on bitasset.
Even have a little lag problem, we didn't need to copy all of it.

You should find there have two methods to adjust the liquidity from supply-side in 2.4, we seems didn't need to use all of these, we just use the Bonds to handle the bad debts.

 If the market can develop and have income sustainable, the liquidity will recover very quickly as the market environment become good and the Bonds will be bought back slowly.

Yes, the bonds also can deviate tremendous, the best result is ZERO, every bitasset market have different situation, then the time that buy back all the Bonds will be very different.
We must clear one point: The Bonds just a method, with it, the bad debt can be handled more quickly, if didn't have it, this will become very slowly.

The "liquidity" of stable coin market come from the confidence of the market.
if using the global settlement to crash all the debtors, then the confidence and liquidity will lost very quickly, no one want to come in again.
We have eight bitassets were global settlement, the truth is cruel.

if using the BSIP71 or lock the feed price, the devalue of bitasset will become very seriously, the market will lost confidence very quickly too, and will harm the benifit of the holder of bitasset, they will leave very quickly.
We knew the situation now.

if we use an account or a pool to take charge of the bad debts, the income and the Bonds of this bitasset market will slowly cover the bad debts, didn't need the global settlement and the BSIP71 or lock the feed price, if the holders of bitassets believe and be sure the market will become good, he should buy the Bonds.




15
General Discussion / Re: Hello 👋
« on: March 25, 2020, 03:23:51 am »
Quote from: Bitcoinfan on March 25, 2020, 02:59:50 am
Quote from: binggo on March 25, 2020, 01:10:53 am

In other words, if the market can develop and have income sustainable, it can issue "stability bond" to handle these bad debts.

Can you explain the stability bond?

https://cdn.bytom.io/res/MOV-Stable-EN.pdf

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