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Messages - bitcrab

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中文(Chinese) / BTS投资指南
« on: June 10, 2019, 01:23:39 am »



先来个假设,假设BTS完全在内盘流通,没有上外盘的中心化交易所,而且90%的流通量(当前总流通量2,722,138,126 BTS)都被某大户控制了,该大户将这些BTS全部抵押,按3倍抵押率,如果价格是0.5CNY的话,那么可以借出4.1亿bitCNY。











General Discussion / Re: why not borrowing?
« on: June 10, 2019, 01:12:39 am »
The key point is how to use it after borrowing out?

Buy bts or other token?

Lend it?how?

add leverage to buy more BTS
sell BTS to reduce leverage.
based on the judgement of the market trend.

General Discussion / Re: why not borrowing?
« on: June 09, 2019, 02:49:01 pm »
You have a million USD, you should go get a collateralized loan so the bank has more money to use.

Yes, that's the logic for the smartcoin economy to become prosperous.

surely this is not saying "responsibility" or "job", it's saying there is incentive for whales to do so.

and it seems few are interested in doing so, it's somehow disappointing.

I plan to contact more rich persons and try to lobby them to become smartcoin producers.

it's very possible that some time in recent future the chance to buy big amount of BTS under 0.5CNY will disappear, will you feel regret?

General Discussion / why not borrowing?
« on: June 09, 2019, 06:39:34 am »
as shown below, some top whales has big amount of BTS and 0 debt.

I just wonder what kind of thoughts lead to this? do they all hold the policy that "buy while cheap and sell while expensive, do not borrow"?

bitUSD is still in big shortage and has a 2%+ premium, it will be good for more stake holder to borrow bitUSD and release(via buying BTS or others) to the market, right?

in the past, it seems the  "buy while cheap and sell while expensive, do not borrow" policy behaved well, "shorts and buy back" policy behaved even better, right?

we have done a lot change to make the rules more friendly to longs, help the system to resist shorting attack.

Target CR, MSSR reduction.

I hope these changes will make "borrow and buy" policy better than the "0 debt" policy.

if when bitUSD is in such a big shortage and high premium but only few users want to borrow bitUSD and release to the market, it's hard to say the changes succeed.

General Discussion / Re: Price Feed Review
« on: June 07, 2019, 07:09:29 am »
as I observe, most of the time the median USD price feed is a little higher than reasonable.

currently(UTC 6:52 7th)

kraken: BTC/USD: 7914.5
bittrex: BTC/USD:  7916.4
bittrex: USDT/USD: 1.004
binance: BTS/BTC:  0.00000772
huobi: BTS/USDT:  0.0609
huobi OTC: BTC/CNY: 55850
huobi OTC: USDT/CNY: 7.06

based on above data, BTS/USD price at the moment should be about 0.0611. however at the time the feed price is 0.061522.

yes, it's only less than 1% higher, but I think we need to find something behind this data.

one thing is that the officially published USD/CNY ratio should not be used in feed price calculation, as CNY is still restricted in trading in currency market.

at the moment, the officially published USD/CNY ratio is 6.91, however from above data we can calculate that the ratio should be above 7.05.

General Discussion / Re: Price Feed Review
« on: June 07, 2019, 06:06:04 am »








General Discussion / Re: Price Feed Review
« on: June 02, 2019, 03:50:54 am »
median does not mean correct.

the median of a mess is also a mess.

it's not difficult for one user to find what a value is correct at a moment. only when every witness' feed price is good enough the median can be a dependable value.

General Discussion / Re: [Announcement]Change of bitEUR parameters
« on: June 01, 2019, 03:12:19 pm »
Why push something that nobody cares?

not nobody cares, someone cares.

changing parameters cost little, if we change, bitEUR at least has some chance to grow up, to compete with bitCNY and bitUSD, otherwise, it will have no chance to grow up.

why not give bitEUR some chance to grow up with little cost?

General Discussion / [Announcement]Change of bitEUR parameters
« on: May 31, 2019, 07:40:19 am »
As the poll worker proposals 1.14.192, 1.14.194, and 1.14.196 have been voted active and got more support than the "do not change" worker proposals, some parameter changes will be made:

Global Settlement Protection will be applied to bitEUR.
MCR of bitEUR will be reduced to 1.6.
MSSR of bitEUR will be reduced to 1.02.

These changes will happen after  UTC 00:00 4th, June, 2019.

Every witness is requested to update the feeding script to apply the 3 change items as mentioned above, please do the job after UTC 00:00 4th, June, 2019 and finish before UTC 00:00 6th, June, 2019.

For more information about the poll for this change, please check

General Discussion / Re: Price Feed Review
« on: May 31, 2019, 03:25:54 am »
I am so tired in complaining what the current witnesses have done.

I am so tired of your complaints as well.

Why not complain that gdex witness only provides 2 feeds? Why complain when witness doesn't meet >your< standards, when no standards are set? My feed as of right now is 2.1% off for CNY.

With no standard of measurement, you're complaints are meaningless. Besides, I am only 1 out of 21 witnesses, don't you understand how the price is set? 2.1% skews the median how much?

Your complaint is baseless. Better, you target witness that don't do the rest of their duties well, rather than complain about the few who don't always provide the feed the way you want it.

you can complain anyone, but that is not the excuse for you to do bad job.

you can check here to get a reference of the standard.

feed price should not conflict with the modified DEX price, however at the above snapshot, you feed a price which is 5%+ less than the modified DEX price.

@alt I don't think you need to wait more time, please unvote this witness immediatelly, I don 't think he can do a better job based on such an attitude.

General Discussion / Re: Price Feed Review
« on: May 30, 2019, 11:08:33 pm »
USD/BTS price is 0.0658, while CNY/BTS price is 0.464,
means bitCNY/bitUSD rate is 7.05, while the fiat rate of CNY/USD is 6.9

I will unvote those witness who give feed price under 0.0658 if can't get a reasonable explain.

possible for you to pick up the witness job again?
I am so tired in complaining what the current witnesses have done.

General Discussion / Re: Price Feed Review
« on: May 30, 2019, 10:53:57 pm »

Warning:fox,delegate-zhaomu, xeldal, bangzi, zbbtsbp

unvoted: verbaltech2

中文(Chinese) / Re: 喂价规则讨论贴
« on: May 28, 2019, 04:00:31 pm »



General Discussion / Re: Price Feed Review
« on: May 26, 2019, 03:01:26 pm »
at the time bitCNY still have premium.

Warning: zbbtsbp, verbaltech2, xeldal, please.

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