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Messages - bitcrab

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586
A new WP is created to replace the expired 1.14.169:

1.14.191   Poll - BSIP59 - Do Not Reduce MSSR of bitCNY to 1.01

If you are against to reduce MSSR of bitCNY to 1.01, please vote 1.14.191

I feel there is no short term harm to the market to remain on 1.02 at this time. This value represents the most recent vote which provided both for and against movement.

To reduce MSSR of bitCNY to 1.01 is not to resolve short term issues, it is to prepare for the next down trend.

587
As 1.14.169 expired, a new WP is created to replace it:

1.14.191   Poll - BSIP59 - Do Not Reduce MSSR of bitCNY to 1.01

If you are against to reduce MSSR of bitCNY to 1.01, please vote 1.14.191

588

584M vs 4xxM. IMHO debatable.

By the way, 1.14.169 and 1.14.175 have same description, especially, no new "no" worker has been created for 1.14.181, voters may got confused. If now create a "no" worker, IMHO we need to extend the voting period.

sorry I wrongly adopted 1.14.175, the updated votes is:

1.14.181   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01            592,218,889
1.14.144   Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05   429,791,729   
1.14.168   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02 .          421,620,749   
1.14.169   Poll - BSIP59 - Do Not Reduce MSSR of bitCNY .           239,878,984   


589
General Discussion / Re: Price Feed Review
« on: May 23, 2019, 09:01:05 am »
So we would get margin calls on DEX (with 1.01) which would be more expensiv than BTS at regular price on CEX ?

yes, maybe, when all the price is market price and bitCNY has a 1%+ premium.

590
General Discussion / Re: Price Feed Review
« on: May 22, 2019, 02:34:08 pm »
in my view, generally speaking, below are some principles to judge whether a witness feed price well enough.

1. feed price should reflect the price at which the conversion can be done between BTS and the pegged fiat.

2. feed price should be updated frequently enough to reflect the real market price.

3. for smartcoin with enough market depth in trading pair with BTS in DEX, such as bitCNY, feed price should not conflict with the modified DEX price, which means the DEX price plus the smartcoin premium/discount.

591
IMHO it's more reasonable to compare votes of all the related workers:

* 1.14.168 Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02,                      834,717,273 votes
* 1.14.144 Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05,            799,257,175 votes
* 1.14.181 Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01,                      483,677,666 votes
* 1.14.169 Poll - BSIP59 - Do Not Reduce MSSR of bitCNY                       243,231,913 votes

Apparently 1.14.168 has the highest support. So my conclusion is we should set the parameter to 1.02.
Even 1.05 has much more support than 1.01

updated votes:
1.14.181   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01            584,525,311   
1.14.144   Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05   434,145,867   
1.14.168   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02            425,959,411   
1.14.175   Poll - BSIP59 - Do Not Reduce MCR of bitCNY              26,603,654   

592
Then we should not reuse 1.14.169, but need to create a new worker e.g. "keep MSSR at 1.02".

I don't see any difference.

voters, if you support to reduce MSSR of bitCNY to 1.01, please unvote 1.14.168 and 1.14.144 to eliminate the confusion.

593
中文 (Chinese) / Re: bitCNY/bitUSD的进化
« on: May 21, 2019, 02:15:37 pm »
智能货币经济模型:智能货币溢价越高,BTS的上涨动力就越足。

实现路径:

1.根据智能货币的市场深度,在保证大于1的前提下逐步降低MSSR。

2.保障内盘的定价权,喂价不得偏离内盘修正价。

3.内盘增加平多功能,吸引更多的BTS回流内盘抵押,逐步增大抵押BTS占总流通量的比重。


594
IMHO it's more reasonable to compare votes of all the related workers:

* 1.14.168 Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02,                      834,717,273 votes
* 1.14.144 Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05,            799,257,175 votes
* 1.14.181 Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01,                      483,677,666 votes
* 1.14.169 Poll - BSIP59 - Do Not Reduce MSSR of bitCNY                       243,231,913 votes

Apparently 1.14.168 has the highest support. So my conclusion is we should set the parameter to 1.02.
Even 1.05 has much more support than 1.01

Agree on that

That's not the correct logic, if you are against to reduce MSSR of bitCNY yo 1.01, please vote and lobby other voters to vote 1.14.169.

595
IMHO it's more reasonable to compare votes of all the related workers:

* 1.14.168 Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02,                      834,717,273 votes
* 1.14.144 Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05,            799,257,175 votes
* 1.14.181 Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01,                      483,677,666 votes
* 1.14.169 Poll - BSIP59 - Do Not Reduce MSSR of bitCNY                       243,231,913 votes

Apparently 1.14.168 has the highest support. So my conclusion is we should set the parameter to 1.02.


Even 1.05 has much more support than 1.01

1.14.168 does not represent "1.02", it represent the operation of "reduction from 1.05 to 1.02", it lost effect after the reduction is done. now we only need to compare the two WPs - "reduce from 1.02 to 1.01" and "Do Not Reduce".

596
中文 (Chinese) / Re: cn-vote投票公示
« on: May 21, 2019, 04:03:16 am »
感觉确实可以考虑组建中国团队自己做。

597
General Discussion / Re: Does it make sense to cultivate bitEUR?
« on: May 19, 2019, 03:14:07 pm »
The usual chick&egg problem.
No one selling bitEUR, but also no use-case for bitEUR (other than a few worker proposals).

if necessary, there are several ways to make liquidity. the problem is:

is it possible and helpful for bitEUR to connect BTS and EURO fiat?

does European people think it's enough to have USD-pegged stable coin in the cryptocurrency world, no need to have EURO pegged stable coin?

598
中文 (Chinese) / Re: 喂价规则讨论贴
« on: May 19, 2019, 01:13:59 pm »
我认为内盘的喂价定价权的问题很重要,但是目前没有。前几天内盘价都高于外盘价很多了,但是我们没有给搬砖的机会,甚至喂价不涨反跌,将内盘又压下来了。如果内盘价高了,我们至少要允许搬砖,先让外盘把内盘压下来,喂价再降啊。
喂价不能偏离内盘实际购买价格太多,这一点不少见证人不认可啊。
与虎谋皮

阴谋论没什么用处,我相信绝大多数见证人没有存心作恶的动机,他们最多只是对喂价问题缺乏关切,以及对内盘定价权问题缺乏认可。

现在没有好的办法,只能通过不断的呼吁和投票来引导。

发现有较大的喂价问题,就去https://bitsharestalk.org/index.php?topic=28383.0发帖,贴证据,警告,多次警告不改就呼吁撤票。


599
中文 (Chinese) / Re: bitCNY/bitUSD的进化
« on: May 19, 2019, 10:28:11 am »
5亿BTS按0.5计算也只2.5亿,做空同样有风险。

做空的风险只在于踏空,但是这个踏空风险可以忽略不计。

怎么可能忽略不计,更何况,多家平台都可以借BTS做空,卖出了却没办法低成本收回怎么办?

600
中文 (Chinese) / Re: bitCNY/bitUSD的进化
« on: May 19, 2019, 07:29:24 am »
先做个假设,如果80%的BTS流通量(当前总流通量 2,718,520,465 BTS)都被抵押了,按照0.5CNY的价格,2倍的抵押率借出,可以借出多少bitCNY呢?

6.8亿

不算多,生态扩展得好的话,6.8亿bitCNY不折价也非常正常。

那么,剩下的5亿BTS拿来砸盘的话,能砸到多少?

如果6.8亿bitCNY里有一半掌握在多头手里的话,守住0.5CNY应该没太大问题吧?


如果内盘没有定价权的话, 5亿BTS外盘不计成本砸盘,抵押的多头会秒变空头,4亿bitcny只存在能托多长时间的问题,而且没有持续而且稳定的资金进入补充,很难托的住。

再加如果再有平多功能,可能会形成抵押平多踩踏,抵押平多变成空头迅速蚕食掉4亿bitcny。

当然也有别的办法,有4亿RMB的BTC或者现金量,就好办多了,5亿BTS在外盘砸不出花来。

当然要保证内盘的定价权。

平多形不成踩踏。

5亿BTS按0.5计算也只2.5亿,做空同样有风险。

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