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In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.BS. Global settlement would have nullified this bad debt issue & we'd likely have recovered by this point.
You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.
BTS also face similar problem, BTS need first to survive, and then can seek more.
BitAssets are not created as a killer to BTS.
So what you're saying is fetch all historic votes for price threshold WP & include them in the report as co-conspirators of this scam? You did orchestrate this scam so you're not off the hook just because others approved it - that's like saying the guy that ordered/planned/coordinated a hit didn't commit murder just because his gang voted on it, doesn't work like that buddy.I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.
The best thing that could happen to bitshares is for you personally to end up in concrete box with bars after an anonymous report to state security and exchange commission. And all your friends and associates locked up and fined as well.
Please somebody, do us all a favor, and report this asshole:
CHINA http://www.csrc.gov.cn/pub/csrc_en/about/contact/
USA https://www.sec.gov/tcr
EU https://www.esma.europa.eu/whistleblowers-corner
If you report to SEC you may be eligible for up to 10% of any money recovered as a reward!
Flectere si nequeo superos, Acheronta movebo.
just report it yourself, don't you like the reward?
the decision is made by community through voting, not by myself.
People are already running away from bitassets because they're SCAMS in their current state. Global settlement would have retained some resemblance of credibility, now BSIP76 proponents have zero credibility.The consequence of global settlement already applies to bitasset holders; their held bitassets have depreciated significantly in value & they cannot be settled for the correct accurate value. Fixed feeds are not normal prices.
You misundertand something or not undertand something.
A bitasset is just like a country, now you shut down it, kill all the debtor(incloud healthy debtor), people will choose to run away, no liquidity output, just make matters worse.
Global settlement is a very failed mechanism, it has been proved by the reality.
We should or must make a more better mechanism.
Your actions have been the true death spiral for bitshares & the bitassets. Shame on you.You PERSONALLY and all of your bullshit BSIPS and BAIPS related to making margin call impossible are what have ruined the architecture of the smartcoin ecosystem.
if you are too stupid to understand what is shorting attack/ death spiral, I don't know how to explain to you.
Ok, let's check the others how to design the stable coin, how to to prevent bad debt.Another NON solution. The solution was global settlement. Stop evading the consequences of bad gambling. BSIP76 shames CNY on an international level.
Maybe this can awaken someone.
MOV Stable Financial System
https://cdn.bytom.io/res/MOV-Stable-EN.pdf
The global settlement is not the solution, it's will give more worse result to the normal debtor and holder, bitgold,bitbtc,bitsilver had been global settlement very long time, it didn't solve any problems.
Bonds give a choice to holders of biassets, and didn't need to bear too much dangerous, help to solve the bad debts getting the interest from the Bonds, or just want to wait the market giving a choice or surprise.
feed price will still be normal price.
bitCNY is ONCE AGAIN no longer pegged to CNY, with a peak of 70%+ below the peg. Multiple exchanges have been misled about the true state of bitCNY, extending the BSIP76 fraud scope significantly.You buy more BTS make the price above 0.22 then it's pegged again.QuoteChinese Yuan pegged stablecoin bitCNYbitCNY isn't pegged to CNY right now though (see BSIP76)
BSIP76 is a scam. Even to this day the bitshares.org website misleads investors: https://bitshares.org/technology/price-stable-cryptocurrencies/
BSIP76 has HUMILIATED CNY on an international stage & destroyed the credibility of bitassets as a store of value permanently.
Shame on all BSIP76 proponents.
If you do not understand what sense does BSIP76 make, update yourself.
bitshares.org need update.
we understand BSIP76 make bitCNY&bitUSD peg off, but there is no better choice.
to stop the death spiral from destroying BTS, we have to do so.
what we need to do is make BTS price above the threshold stably, the way is to make the system income support BTS price, and that is what the core prelude worker focus on.
We're now way below 1.0when will it end, at 1.0?
0.5
Borrow 1. Get 1 free!
Back to feeding fake bitUSD price feed values, fail. bitUSD is not a store of value anymore for holders.
I also think the time is too long , we should let bitUSD have a normal feed price
So let's do it?
Do you like to make a proposal for bitUSD？I will vote for it.
and i think we can chose different team from committees and wittness to manage different bitasset, so we can see the result, how about?
Someone creat the HONEST.USD, i think his team can charge the bitusd to make bitusd more better, what do you think?
