@bitcrab why don't you open your company in cambodia or mongolia ...... ?
Any worse country you want to have bitshares legal for western users ?

Chinese even know where Slovenia is ?Or their history of rule of law ?

stupid and arrogant guy, I really do not understand why @alt set you as proxy.

@bitcrab: please don't try to play with the parameters of bitEUR. Leave it to the westerns. Thanks.

Where are the Westerns? what have they done with bitEUR? how much bitEUR have they supplied? have they tried to connected bitEUR with EURO? do they really care the business development of bitEUR?

Is there any chance to push this for BitUSD as well ? There is some focus from different large world entities on stablecoins (due to covid-19 epidemic) and some members around here even know which entities I'm talking about. Their focus is in on-chain collateral stablecoins because they are only truly decentralized and restoring to BitUSD real value through BAIP2 would be very important.

Please consider question/suggestion slowly and reach me if you need any more specific info.

Chee®s

actually BAIP2 and also BSIP76 are already applied on bitUSD and bitCNY.

Worst part is you made fox claim of getting bitassets centralized and unpredictable true.
Committee now in full control of cn-vote/bitcrab/jademont

You just scared off majority of western community to invest in any bitassets or leave bitshares.

Is that the growth for bitshares you are looking for ?

I hope you are able to see and admit these negative effects and change your voting behavior accordingly

DPoS means voting power always speak.

it's not good to just call it "centralization" when voting power do not agree with you.

surely the leaving of the majority of western community is not I want to see, but that's not the most important factor.

let me adopt the example that I have adopted several times, In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

surely this is not Europe want to see, but it's US has to do.

there is big culture difference between China and the Western world, but please do not follow the "autocracy and democracy" dualism to understand the world. China is open to the whole world, but we have our own principles.

I'd like to help to push "ES node and infrastructure and CMC and feixiaohao" thing after a fully understanding on this thing.

will give an answer on several aspects in this weekend.

1.Chinese committee members and cn-vote
Yes, Chinese members constitute the majority of committee.

not all Chinese committee members represent cn-vote, actually only kang8 and zhouxiaobao-2010 are proxies of cn-vote, abit, jademont, btsai and me are neutral.

Yes, Chinese committee members communicate more between each other than with others because of sharing the same culture, language, timezone, etc. but this does not mean we decide things by ourselves without discussing with other members.

operations like claiming bitCNY fee and buying back BTS are daily operations, in my view it's important to do this in high efficiency, with informing all the committee members.

I don't know what deal cn-vote has made with BEOS, but I don't think that's a big problem, in my view BEOS is even healthier than some whales in voting.


2. core prelude worker

yes, sometime before China community terminate the old core worker. because:

1. in the bear market core team always sell BTS to press price.
2. China community do not feel what the core team is building is what they really need.

but even with the help of ZB, now the refund400K get only 5.8 billion voting power, too high? don't you think it's reasonable for a worker to get higher voting power to get fund?

in recent past, I feel it's necessary to reorganize the core team work and suggest to the community, DL did a lot coordination work on this, he talked to each team member, he discussed with all big voters, China community also has discussed on this, finally the consensus is the core prelude worker, and a subsequent main worker which is still in plan, with P2P Lending as the main new feature.

the core prelude worker is for 4.0 launch with some added charging features. which is greatly needed at this moment.

for the force settlement fee, suppose we set bitCNY force settlement fee as 1%, if one day 1M BTS settled, system will get 10K BTS as fee, I don't know why you always talk about $5/day.

maybe you dislike this worker, up to you, but this worker really come out after long time discussion, it get great support in China community.

3.picture of Bitshares.

what I describe below is a picture of Bitshares in my brain, it is not drafted by myself, but by many people, it is not definitely the future of BTS, it need to go across voting and implementation to realization.

redefinition of smartcoin:

the core flaw of the initial smartcoin design is that it always lead to death spiral, which make debt position owners always pay a lot for the peg of smartcoin, and if always make down trend of BTS price.

BSIP76 and BAIP2 redefined smartcoin to an updated derivative of BTS, the updated bitCNY is a derivative that not linked to the market price of BTS, but to a function of market price of BTS, exactly speaking, bitCNY ~ max(0.22, MA24 of BTS, real time price of BTS).

the updated bitCNY do not focus on the real time pegging to CNY， however，it peg to CNY sometime and peg off other time, and the pre condition is that BTS price go and stably keep above 0.22CNY, this change removed the death spiral but make bitCNY a financial tool for risk hedge，arbitrage and speculation.

DEX income supported token
the core prelude worker add several new features of charging, the accumulated fee will be used to buy back BTS to support BTS price.

trading contest/order mining is another important feature of current BTS, market making is one important feature of exchange, trading contest is to encourage market making, and it will finally lead to higher system income.

P2P Lending

it will be the most important feature in the subsequent main core worker, it will enable the leverage trading between any assets.


 

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.

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.

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?

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.