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Perhaps have worker proposals contracts "we'll pay you 50USD in value each day" but make the 'value' in BTS.
5% is low. We neeed to give 10% with the current low bitasset supply..
... and distribute 10% daily interest the next day on the previous day balance at a specific or random time
So that would mean If someone settled $635.5 everyone else would be unable to settle their BitUSD for the next hour?
why 0.5% what is wrong with 20%?
What is the parameter actually doing?
2.) reduce max hourly settle volume to 0.5%
So I can maximum settle a total volume of 0.5% per hour? When I want to settle 100 BitUSD, I can only settle 0.5 BitUSD in one hour? That would slow down any black swan event.
What is the reason for 20% right now? What does it protect?
long time no post by me, real life took off in a good way so I couldn't keep up with crypto world - but what johnnybitcoin is saying is what I have been saying for 2+ years about bitshares 2.0. There is a bitasset buyer of laser resort (settlement), but there is no bitasset seller of last resort. In bitasset supply and demand terms, the system properly destroys bitassets when there is an oversupply (settlement), but there is no mechanism to have the system create bitassets when there is an undersupply. Supply is created by speculators, which causes a chicken-or-the-egg problem: speculators won't create supply in a market with low liquidity for fear of being trapped with no seller of last resort, so a low liquidity market remains low liquidity.
Using reserves/worker as a buy wall gives BTS the missing feature of creation of bitassets when demand exceeds supply (and the market is too thin to meet supply).
Thank you, couldn't have said it better myself.
"Bitassets have a buyer of last resort. They are missing a seller of last resort."
people are not willing to sell even with 10% premium, few examples: