Quote from: abit on October 20, 2019, 12:34:13 pm

They aren't be delisted now simply because the current mechanism IS better.

Maybe is better for people who went into debt and are intending to never pay pack and transfer all their loses to others, but not for the ecosystem. Maybe is better for people who is paying their bills with BitCNY to counterparties that are unaware of the peg being lost, but not for Bitshares in long run. 

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* It does NOT keep/recover peg when BTS price is low enough.
* It's essentially automatic-GS, but not eliminates GS.

As far as Bts is used as collateral, no mechanism on this universe will work if Bts price is low enough. And no, this is not GS Because in GS, positions are taken all at once, thence the 'Global' in GS.

This is different, one position is liquidated at a time and its collateral is shared between all BitAsset holders, who will now have a little less of that asset.

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Please think carefully, if you're talking about the idea proposed by Sahkan.
One scenario: assuming there are 1 million accounts holding 1 million bitUSD, when there is one debt position with 1K USD to be forcefully liquidated, whose bitUSD will be forcefully converted to BTS? Unless you mean all of them, technically it doesn't scale well (performance-wise) if considered fairness.

In your example, and assuming Sahkan idea, each of the BitUSD holder will have 0.001 BitUSD converted to BTS, they won't even notice. There would be no GS, No low collateral positions to worry about. It's a pretty neat idea.

You got really a bad understanding when writing something like that

Why is bitshares.exchange not pointing to DEX as alternative domain ?

Let's suppose that:

1 Bts = 1 USD and that Joe has 1000 Bts.

That means Joe has 1000 USD worth of BTS.

Joe uses his 1000 Bts to borrow 500 BitUSD at a CR = 2 from the Blockchain.

Then Joe uses his 500 BitUSD to buy 500 Bts from Ana. Ana who, being risk averse, stores those 500 BitUSD in a cold wallet.

Now Joe has 1000 Bts frozen as collateral on the blockchain and 500 Bts available in his wallet.

Joe uses his 500 Bts to trade and get some profits from Ken, who holds several cryptocurrencies but no BitUSD.

Suppose also that there are no more players in this little world.

As time passes, bts price decreases to 1 Bts = 0.5 USD, and Joe is margin called.

He wants to pay his debt immediately, he looks desperately for anybody who can sell him some BitUSD but there is none. Because all the created BitUSD is in Ana's cold wallet.

Even if Joe has made profits he will be unable to pay no matter what because no BitUSD is available in the market.

Under the current protocol, Joe portraits the situation of many debtors and Ana that of many BitAsset holders. The problem is solved if Joe is allowed to pay his debt in an asset other than BitUSD.

This is the systematical error i'm talking about which will always accure at a point no matter what price BTS has.
If the longterm holders of bitassets get a high % number of that existing bitasset it will always lead that people won't get their margin call eaten and that they can't close their debt anymore because there are not enough bitassets on the market.

The only possibility is to add more collateral which is needed twice the amount of bitassets.
However when seeing how price feeds get manipulated into a big down trend just by throughing a few million BTS on CEX than every debter is going to ask himself if it makes sense to put more collateral into the debt (which btw increases the risk instead of decreasing) when the price feed is being so easy manipulated and gamed.

1. MSSR - a large MSSR rewards holders for selling into margin calls. Because this mechanism leads to a premium on the market price (and because it is expensive for debt holders), MSSR has been reduced further and further, which has improved the peg but also removed the incentive to sell into margin calls.

Which leeds to a even bigger downtrend of BTS price

2. Global settlement aka Black Swan - global settlement is like a Damocles' sword pending above both BitAsset holders and debt holders. It sets a limit to the promise of stable value, and thus provides another incentive for BitAsset holders to sell their holdings, because if they stick to them for too long they will start losing value. Thanks to Global Settlement Protection, this threat has been muddied and partially removed.

People didn't sold their bitUSD even when GS accured.

At this very moment on CMC:

1 Bts = 0.027473 USD = A

According to the DEX's fake and corrupt and greedy price-feed:

1 Bts = 1/price-feed = 1/28.98551 = 0.0345 = B

So, the percent difference is:

100 x (B-A)/A = 25.6 %  !!!!

Now, tell me where did you get your 9%

The feed is irrelevant.
What is relevant is the real price on DEX for which you get BTS for your bitUSD.

Any progress on the update?

Head and Shoulders pointing that there is a high propabilty that BTC Dominance will make a massiv down move.




Altcoins breaking out a longterm down trend.


Myself i don't see BTS moving down much anymore (if there are not big unnatural dumpers) but moving up x3-4

October will be a hot political month and yearly stock report which should point to a recession.

Nice......


Personly i prefer a bit more colours

And both withdrawl and deposit were disabled during that time.