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Stakeholder Proposals / Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« on: December 03, 2018, 12:47:03 pm »you guys really don't realize how critical this manipulation will result.
A very simple example, when a potential buyer(buy BTS with CNY) known there is a posibble the margin call order will lower than 10%,
he will just stop buy until it reach.
And a potential seller(sell CNY for fiat CNY) will stop sell CNY for even 5% profit, instead they will wait for 10% profit.
The results is that traders don't known what will happen next, they just stop and wait.
if this poll get more support than 1.4.119, trader will know that bitCNY will not have a 10% premium, they know what to do.
maybe bitCNY holders will regret to lose chance to buy cheaper BTS, but it benefit the whole ecosystem as BTS need not to reach lower price and traders need not to suffer high premium of bitCNY.
this method is far from perfect, hope you can participate more in the discussion of the alternative solution of BSIP42.