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The word "settle" is used in too many places but means different things.
The market will run as your thought？ en，that's very interesting.How about we just increase MSSR to to least 5%? Margin calls will be bought before GS happens. If you continue to 100% protect the debt holders GS events will happen all the time.
If you settle the under collateralized positions to smart coin owners that's just stealing from them and goes against DEX rules.
The longs hold all the BTS and buy more with their newly created smartcoins so their voting power is skewed. The shorts hold ZERO votes, so I second that.I feel (agree with) you.Perhaps we should turn the witch hunt around and publish screenshots of short positions with low collateral ratio.
These guys are the cancer of BTS and must be punished! Vote for 150% MSSR please!
</sarcasm>
This would be considered a direct attack to a high ranked member who wants to increase feedprice ,lower MSSR to 1 so no margin call will get eaten anymore.
You are against long debt holders.You are an enemy.Making sure margin calls won't get eaten anymore gives debt holders security and will increase debt aka liquidity /irony off.
Btw the chinese forum has a nice thread why people with low price feed gets bashed.
First lower MCR than increase price feed and at the end lower MSSR to 1.01 with final goal 1.00 .
There is also explained why.
@yamtt
@finn-bts
@ljk424
@zhouxiaobao
@ioex
I see big activity from you guys to improve bitshares.How does it come you guys are so quite about the abused USD OMO Fund ?
Am I the only one that thinks the DEX and the feed should be impartial to shorts/longs?
The ONLY way to increase adoption is to make it fair. This means that we don't protect ANYONE.
I understand the logic behind protecting longs since this means we get more bitasset supply from less people with less capital
But bitAsset success depends on it being fair and treating both sides as equals. Increased supply wont help if the asset is not taken seriously and risk is transferred from borrowers to holders.
Unless your goal is to make it a niche instrument for increased leverage.
But don't expect adoption as a stable coin if you do.
Also..if any of you can't follow what I just wrote you probably shouldn't be commenting...
/rant off
Again, our feeds are not every second. It's a price snap shot taken within some specific period 20-40 minutes (2 in your case) so it's an unreasonable statement based on some snapshot in time. price feeds should average out to a true price among all witnesses. Look at the screen shots later on, my price happen to be 2% above on the other side of that price medium is that a warning also?
And when will GDEX start feeding all prices? Should be unvoted by proxies until it does.
feed price should reflect the real market price, 20-40 minutes as price taking period is not acceptable.
"the higher, the better" is not my opinion. but now the main problem of feed price is some witnesses always feed too low price. we need to focus on this.
it's not difficult for me to request my coder to add feed price to all the smartcoins, but I am not sure that will make big sense.
taking bitEUR as one example, it has a supply of 57000 EUR and 24hour volume is about 4000 BTS, there are many users and important community members that come from Europe, but anyone care bitEUR?
if we really want to cultivate bitEUR, we need to consider to change something, such as MSSR, MCR, market fee etc., but seems no one want to do that.
did I said they didn't need to do anything?
or do you think we don't have anything else to do except such as testnet, api node, seed server?AFAK, all things witness need to do is just maintain a wintess node and provide feed price.
all other things is not requirement, just contribute to community with their own way.
it would be a pity if ZB do the same things as others.It's always great to see new people get involved with Bitshares. Welcome!
For the most part witnesses are required to:
- Have a TESTNET witness
- Maintain a seed server
- maintain an API
- provide price feeds for the committee smartcoins
all that in addition to the witness server itself.
Please add your information to the Bitshares Github (seed and API). Once all that is complete I will be happy to vote for your witness!
You are right. If you hold the votes, you are not required to do much of anything.
This highlights for me the need to specify in the BSIP the rules for acceptance / rejection similar to what has been done for BSIP-42
https://github.com/bitshares/bsips/blob/master/bsip-0042.md#constant-voting-evaluation
Those BSIP would not be constantly evaluated as they reflect a one time decision, but rules for acceptance / rejection are clearly necessary.
Current voting state:
YES 363,854,977 (53,05% of given votes)
NO 321,904,221 (46,94% of given votes)
Brexit had less of a difference xD. Personally, I would consider this BSIP as accepted.
Time: UTC 9th May 12:15
Warning:delegate-1.lafona, sahkan-bitshares, witness-hiblockchain, zapata42-witness, xeldal at the time feed a 2%+ lower price than reasonable.
The same can be said about people that voted for 1.14.187.Actually proposal 1.14.188 is also over the 400K refund worker so they are both voted in. I will not support unless there is a clear 25% difference in votes. We need more people to weigh in on this. Simply to create more BitUSD to buy your own margin calls is probably not the answer atm.The supporters of 1.14.188 are from BEOS. It is well known that they cannot represent the interests of the vast majority of shareholders, and their votes are personally emotional.
AFAK, all things witness need to do is just maintain a wintess node and provide feed price.
all other things is not requirement, just contribute to community with their own way.
it would be a pity if ZB do the same things as others.It's always great to see new people get involved with Bitshares. Welcome!
For the most part witnesses are required to:
- Have a TESTNET witness
- Maintain a seed server
- maintain an API
- provide price feeds for the committee smartcoins
all that in addition to the witness server itself.
Please add your information to the Bitshares Github (seed and API). Once all that is complete I will be happy to vote for your witness!
