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General Discussion / Re: BlockPay in Serious Trouble
« on: May 10, 2017, 03:39:58 pm »
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Maintenance collateral ratio (MCR): A ratio defined by the witnesses as minimum required collateral ratio.
Maximum short squeeze ratio (MSQR): A ratio defined by the witnesses as to how far shorts are protected against short squeezes.
Short squeeze protection (SQP): Defines the most a margin position will ever be forced to pay to cover settlement.
develop a way to peg fees to usd and a smartcontract that could check the peg every 24hours or so and amend the fees accordingly.Why on chain? Could be done much easier. Just set witness pay in $ and announce it. Vote new fees based on that constant every new month 1st. This way you don't have to back to this discussion every market cap change. Is this much work?
I won't go through the hassle and re-allocate the fees every time there is a pump or dump.
So you pay 17,611 BTS and get back 14088 BTS means actual LTM fee is only 3522 BTS. Right?Yes. Market price would be little above, but this is protected by vesting period. Big players will lower the price eventually.