706
中文 (Chinese) / Re: 见证人喂价分歧这么大，建议加入喂价分歧指数! 现在这种喂价对比真的是让人无言以对!!!
« on: April 09, 2019, 07:07:34 am »这样猴子就可以尽情抵押拉盘.
if 内盘修正价>1.1*外盘价
喂价 = 外盘价
otherwise
喂价 = max（内盘修正价，外盘价）
可以防止猴子拉盘了吧？
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if 内盘修正价>1.1*外盘价
喂价 = 外盘价
otherwise
喂价 = max（内盘修正价，外盘价）
可以防止猴子拉盘了吧？
707
General Discussion / Re: fox、clockwork、blckchnd、elmato、crazybit、bangzi、magicwallt all ugly witness
« on: April 09, 2019, 05:41:42 am »can't wait to change to this. you'd better update the feed price ASAP.
I will borrow enough CNY to pull the DEX's price to 10CNY/BTS or higher, when your feed price change to 10CNY/BTS, I can reduce my collactory to 1.6X, get another millions free BTS.
the big bad debt posision belongs to the system, to those who hold CNY, good thing is you have destroied the black swan, you just have a GS price protect at 10/1.6 CNY/BTS,I suggest to take BTS/bitCNY price in DEX into important consideration, witness can firstly modify the DEX price with bitCNY premium/discount, then let this price be the bottom of feed price.
calm down bro, I just think that some witnesses can feed price like this, I am not suggesting that all witnesses should do this.
708
General Discussion / Re: fox、clockwork、blckchnd、elmato、crazybit、bangzi、magicwallt all ugly witness
« on: April 09, 2019, 03:34:06 am »
I suggest to take BTS/bitCNY price in DEX into important consideration, witness can firstly modify the DEX price with bitCNY premium/discount, then let this price be the bottom of feed price.
709
中文 (Chinese) / Re: 见证人喂价分歧这么大，建议加入喂价分歧指数! 现在这种喂价对比真的是让人无言以对!!!
« on: April 09, 2019, 03:17:08 am »710
General Discussion / Re: fox、clockwork、blckchnd、elmato、crazybit、bangzi、magicwallt all ugly witness
« on: April 08, 2019, 08:16:38 pm »Guys, please calm down ...
Due to the use of "MEDIAN" in deriving the feed price on chain, you will **ALWAYS** .. let me repeat that: **ALWAYS**
find half the witnesses produce a price that is *above* the price feed and the other half to be *below* the price feed!!
I see, but the" MEDIAN" price is not a fair price, i don't think the price which come from the BTS/BTC price is a true fiat pirce, too many exchang and charge in there, BTS-BTC-USDT(now6.93)-USD(6.7197)-CNY.
and i want to know what happened to the gdex-wittness, he is the highest in the last days, now he is the lowest！！！
If we can't make a professional feed price，how we can make a StableCoin？
gdex-witness is reviewing the price feed.
now I feel maybe the BTS/bitCNY price in DEX + bitCNY premium/discount got from magicwallet can result a fair price.
other ways always involve some uncertain factors, for example, USDT is not so stable but it's not easy for the script to get how unstable it is.
711
General Discussion / [Announcement]Change of MSSR from 1.1 to 1.02 for bitUSD
« on: April 08, 2019, 10:55:31 am »
As the poll worker proposal 1.14.179 has been voted up, MSSR of bitUSD will change from 1.1 to 1.02.
The change will happen after UTC 00:00 12th, April, 2019.
Every witness, please update your feeding script to publish 1.02 as MSSR of bitUSD, please do the job after UTC 00:00 12th, April, 2019 and finish before UTC 00:00 14th, April, 2019.
The change will happen after UTC 00:00 12th, April, 2019.
Every witness, please update your feeding script to publish 1.02 as MSSR of bitUSD, please do the job after UTC 00:00 12th, April, 2019 and finish before UTC 00:00 14th, April, 2019.
712
General Discussion / Re: fox、clockwork、blckchnd、elmato、crazybit、bangzi、magicwallt all ugly witness
« on: April 08, 2019, 03:27:53 am »
seems the cause is that recently USDT has a big premium, but some witnesses still calculate based on the normal USD/CNY rate.
713
Stakeholder Proposals / Re: [Committee Request] bitRUB == bitRUBLE (need to set the same parameters)
« on: April 07, 2019, 01:32:08 pm »bitRUB now has only 500 supply, bitRUBLE is the RUB pegged assets which is mainly dominated.
shouldn't we just forget bitRUB and focus on bitRUBLE? do we need also to push bitRUB?
Would you print bitCNY if they had an force_settlement_offset = 0% and min_force_settlement_vol = 20%?
I conducted a survey in the russian-speaking community in Telegram, here are the results:
translation:
What symbol is more suitable for the currency "Russian Ruble" in BitShares?
90% RUB (was originally and conforms to the international standard ISO 4217)
10% RUBLE (was created after blackswan of RUB because of the lack of an asset revive mechanism)
84 votes
understand, then just let them equal.
714
General Discussion / Re: fox、clockwork、blckchnd、elmato、crazybit、bangzi、magicwallt all ugly witness
« on: April 07, 2019, 06:32:16 am »
I do not agree with the tone of the author, but some witnesses really did bad job in price feeding.
I am not referring to any specific witness, it's a generally speaking.
recently, I always feel that the market BTS/bitCNY price is a more exact BTS/CNY price than the feed price.
see below picture, market price is 2% higher than feed price, naturally you may think, does bitCNY has a 2% discount?
No. at the time bitCNY still have a premium of about 0.5%.
you may say that witnesses need time to response, so there's always delay when the market price change rapidly.
but what I see is that some witnesses do not update the price after 2+ hours or even 10+ hours even when the last feed price is 2% apart the market price.
I feel fortunate that months ago I disagreed to reduce the force settlement offset of bitCNY back to 1%, if it is 1% now it will provide chances for speculators to exploit debt position owners!
I feel in the future we need to make a candle chart and put feed price of each witness inside for users to evaluate how exact the feed price is.
witnesses need to take the responsibility, it's important to the whole ecosystem, if you do not like the job, just leave and let others do.
I am not referring to any specific witness, it's a generally speaking.
recently, I always feel that the market BTS/bitCNY price is a more exact BTS/CNY price than the feed price.
see below picture, market price is 2% higher than feed price, naturally you may think, does bitCNY has a 2% discount?
No. at the time bitCNY still have a premium of about 0.5%.
you may say that witnesses need time to response, so there's always delay when the market price change rapidly.
but what I see is that some witnesses do not update the price after 2+ hours or even 10+ hours even when the last feed price is 2% apart the market price.
I feel fortunate that months ago I disagreed to reduce the force settlement offset of bitCNY back to 1%, if it is 1% now it will provide chances for speculators to exploit debt position owners!
I feel in the future we need to make a candle chart and put feed price of each witness inside for users to evaluate how exact the feed price is.
witnesses need to take the responsibility, it's important to the whole ecosystem, if you do not like the job, just leave and let others do.
715
Stakeholder Proposals / Re: [Committee Request] bitRUB == bitRUBLE (need to set the same parameters)
« on: April 06, 2019, 05:19:08 am »To consider: The official ISO symbol if the russian ruble is RUB.
OK, maybe community would like to switch from bitRUBLE to bitRUB?
Anyway, it's good to set bitRUB parameters as same as that of bitRUBLE.
716
Stakeholder Proposals / [Poll] BSIP59:Reduce MSSR of bitUSD
« on: April 06, 2019, 04:56:06 am »
BSIP59 define a general process for adjusting MSSR and/or MCR through voting
bitUSD has already revived, now it's time to optimize the parameter to get better peg and supply, based on the principle of BSIP59 https://github.com/bitshares/bsips/blob/master/bsip-0059.md, now 3 poll worker proposals are created as below:
1.14.178 Poll - BSIP59 - Reduce MSSR of bitUSD to 1.05
1.14.179 Poll - BSIP59 - Reduce MSSR of bitUSD to 1.02
1.14.180 Poll - BSIP59 - Do Not Reduce MSSR of bitUSD
Reducing bitUSD MSSR to 1.05 or 1.02 are both acceptable choice, comparatively, 1.05 is more conservative/careful, 1.02 is more active/aggressive.
As global settlement protection measure is already implemented through "1.14.176 Poll-BSIP58-Global Settlement Protection on bitUSD", the risk of global settlement is removed and we now just need to care the risk to enter "global settlement protection status".
please vote according to your opinion.
bitUSD has already revived, now it's time to optimize the parameter to get better peg and supply, based on the principle of BSIP59 https://github.com/bitshares/bsips/blob/master/bsip-0059.md, now 3 poll worker proposals are created as below:
1.14.178 Poll - BSIP59 - Reduce MSSR of bitUSD to 1.05
1.14.179 Poll - BSIP59 - Reduce MSSR of bitUSD to 1.02
1.14.180 Poll - BSIP59 - Do Not Reduce MSSR of bitUSD
Reducing bitUSD MSSR to 1.05 or 1.02 are both acceptable choice, comparatively, 1.05 is more conservative/careful, 1.02 is more active/aggressive.
As global settlement protection measure is already implemented through "1.14.176 Poll-BSIP58-Global Settlement Protection on bitUSD", the risk of global settlement is removed and we now just need to care the risk to enter "global settlement protection status".
please vote according to your opinion.
717
Stakeholder Proposals / Re: [Committee Request] bitRUB == bitRUBLE (need to set the same parameters)
« on: April 06, 2019, 04:41:22 am »
technically I am fine to do so. but
bitRUB now has only 500 supply, bitRUBLE is the RUB pegged assets which is mainly dominated.
shouldn't we just forget bitRUB and focus on bitRUBLE? do we need also to push bitRUB?
bitRUB now has only 500 supply, bitRUBLE is the RUB pegged assets which is mainly dominated.
shouldn't we just forget bitRUB and focus on bitRUBLE? do we need also to push bitRUB?
718
Stakeholder Proposals / Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.6
« on: April 05, 2019, 12:05:50 pm »
frequently changing MCR will put the ecosystem into danger.
don't request witnesses to play the role of economists, this is financial system, not a toy of anyone.
parameters like MCR, MSSR, force settlement offset need not to change every day, just as Federal Reserve need not to adjust the interest rate every day.
if you guys like the "dynamic MCR" solution so much, I suggest you to test it in some small smartcoin like bitEUR, just leave safety space to bitCNY and bitUSD.
don't request witnesses to play the role of economists, this is financial system, not a toy of anyone.
parameters like MCR, MSSR, force settlement offset need not to change every day, just as Federal Reserve need not to adjust the interest rate every day.
if you guys like the "dynamic MCR" solution so much, I suggest you to test it in some small smartcoin like bitEUR, just leave safety space to bitCNY and bitUSD.
719
Stakeholder Proposals / Re: [Poll] BSIP58:Global Settlement Protection Through Price Feeding on bitUSD
« on: April 05, 2019, 04:59:55 am »
the WP is approved by the community, every witness, please update your price feeding script accordingly.
720
General Discussion / Re: Introduce CEX in governance?
« on: April 03, 2019, 01:51:12 pm »If compare to EOS, Bitshares witness pay not attractive enough for CEX to come in and vote for worker proposal actively.
Bitfinex Rank 7 - Earn 722 EOS Daily
suppose BTS price go up to above 10 CNY, will the reward be attractive enough?
if still not, how about 20CNY?
I am not joking, if we want bitCNY be a wildly used stable coin, we need enough supply, and need enough high BTS price.
target CR, GS protection, MSSR reduction, MCR reduction, close short, if we are satified with the current BTS price and bitCNY adoption domain, why we do or plan to do these?
definitely the witness reward will be attractive, and CEX will come.
Bitshares is public blockchain, we cannot say "you are not allowed to vote".
so it will be better to introduce them earlier.
CEX and DEX can not only compete, but also cooperate.
huobi and Bitfinex both develop DEX on EOS， we need not to isolate ourselves.
