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Messages - Thul3

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526
Now Bitcrab is trying to change the feed price so the price on DEX will dominate the feed price.
This way he can stop the feed price at any specific price by adding a buy wall
which will be counted as globally accepted price because of DEX volume dominance even prices on
other exchanges which he can't manipulate will be way lower.


527
Still you didn't answered why you don't say it directly that DEX is going to dictate the price feed ?
Why do you use the term "highest one" ?

Name it by the name DEX one.

528
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I cannot believe that the current price of BTS is a result of just a one-time exploitation. The best way how to prevent manipulation is to make it very expensive by providing value to customers. In this case it could be achieved by updating debt positions to high enough CR.

Fully agree on that

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I completely agree - experiments are important but need to be discussed properly and transparently.

Also fully agree on that

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I agree, I see no reason why not to include volume-weighted DEX price into feed.

There it depends on the weight of DEX price on price feeds.
As we know DEX is going to keep creating heavy buy walls which have nothing to do with free market trading but with interference.
So DEX needs a control mechanism to make it impossible to massivly manipulate the BTS price up or down using the RP funds and buy walls.
Last buy walls were eaten thanks to the price feed mechanism which worked perfectly against a try of market manipulation.

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The movements in the last days, shouldn't be take as arguments to modify the smart coin parameters (feeds).

Agree


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Those that sold their BTS on CEX to buy from margin calls on another exchange (DEX) is *business as usual*. Could have well been caused by arbitrators instead of feed producers.

Agree

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But, price feeds are supposed to be volumen weighted.

Normaly i would agree on that if there would be no internal interference on DEX like massiv unnatural buy walls.
In my opinion it would use/abuse the high volume on DEX to increase the power of buy walls creating not an adequate price on current market conditions

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and I don't think "sell BTS in CEX and then buy from the margin called positions" can be regarded as "usual business"

why not ?If you would update your CR properly there would be no issue.
Its also a great weapon against your try to create a fake price protecting your margin calls using community funds.

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it is needed to update the rule to remove the chance for such kind of exploitation by shorting, otherwise, Bitshares will never grow up or be able to provide amazing smartcoin services.

Why do you transfer your own responsability of an adequate CR to shorteners making profit on people who get margin calls ?
Bitshares ecosystem is created this way so people get a benefit buying margin called assets by getting it up to 10% cheaper.

The fault is clearly at the person who gets margin called and not because of price feeds or shorteners.


Quote
The feed price need "the highest one",

Why don't you say it directly that feed price is going to be dictated from DEX ?

529
there is a bigger short of bitUSD than bitcny

530
General Discussion / Re: review the drastic fall
« on: August 10, 2018, 10:17:52 am »
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Bitcrab seems to be more experimental friendly

You mean the break of all point on the WP consensus ?
Or Bitcrab buying his own margin call using commitee funds ?

You call that experimental ?

What is going to happen if everyone starts to be experimental and start breaking each point of their WP ?

But you back even this behavior up and give indirect permission to do so.


Funny he sees this problem once his fake buy wall got eaten up because of external price feeds where he already declared to add new ones and now its a clear attempt to make the buy walls stronger so they can't be taken down anymore.

This is not how a free market wors.Your actions is breaking all principals and is also being used for self benefit and i won't stop informing people about the unacceptable behavior which needs to be changed.

You are using community funds and have ZERO transperancy at all.Decide based on your guts and most important are taking risk which the community never agreed on.

Lowering the Ratio under 2 for the commitee accounts should lead to an instant kick out of the accounts expecially since the accounts had no targeted CR enabled.

You call that being experimental ?


I call that being out of control and leaving all principles which is unacceptable

531
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if the price in DEX is the highest in all the markets, it, not the lower price in centralized exchagne, should be adopted as the feed price

So you would strengthen your buy wall on DEX ?Am i right ?


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does the current BTS price, 0.87 CNY reflect the real value of BTS?

Does the majority of prices of coins currently reflect the value of the coin ?I doubt so

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I don't think so, it is just the result of one exploitation

How come you think its based on one exploitation?
Even if it would be based on one exploitation wouldn't it be fixed if these people would just adjust their CR correctly to not cause such an exploitation ?

532
General Discussion / Re: review the drastic fall
« on: August 10, 2018, 09:37:28 am »
We don't need to protect your asset.Start selling your BTS to lower your CR and there will be no problem anymore instead of looking for conspiracy theory of attackers waiting to harm your Collateral

533
@ebit why did you approved creating assets on commitee account when Ratio was so low  ?
Shouldn't you be the one holding the terms of WP up ?

534
General Discussion / Re: review the drastic fall
« on: August 09, 2018, 05:45:09 pm »
Stop trying to control the price feed to dictate BTS price.

You are going way to far and proofing all you care was holding the price 1.08 CNY at all cost

535
A CLEAR NO TO MARKET MANIPULATION

536
不要通過控制價格飼料來控制價格

537
General Discussion / Re: review the drastic fall
« on: August 09, 2018, 11:52:26 am »
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what we want is just to avoid the price maunipulation from outside DEX.

Which means dictating the price from DEX so a buy wall like before can't get crashed anymore even it had an unnatural price.

Its funny you blame the fall of the buy wall on BTC pair price manipulation but not on manipulation of BTS price on DEX

no doubt OMO need to long BTS, the problem is just how to do that with high efficiency and low risk. the buying wall has nothing to do with manipulation.

and in the future OMO definitely will continue to create "unnatural" price in front of you.

if all you just want is to enable yourself to short BTS more conveniently, sorry I have little to discuss with you.



First of all you should question yourself as commitee member.


You broke every single point in your WP and didn't even appologized for it.
You didn't asked the community for approval for changing it or even discussed about it.
Next you have no transperancy at all and its clear you are willing to take a way higher risk using RP funds than using
spring fund for which you are personal liable.
Next thing is your superciliousness may break your neck and the negativ effect you are going to create will harm the whole bitshares community.
If you don't understand economics than i may explain it to you in an easy way.There is no diffrence in your current action with the actions of central banks producing money out of air and manipulating prices.

Instead of putting your interrest of growing the members on DEX you put your interrest in BTS price ONLY.
I will also give you a free adive.If your margin is to high start selling a small portion.Thats what everyone is doing when they have to much margin and stop using community funds to protect your margin.
This way your margin won't get called and you don't need to blame market manipulation

The worst part is now you even try to dicate the price feed so you have full control over BTS price using these amount of funds so since you are clearly misusing the OMO funds ,lacking of any transparancy ,trying to even increase your control on DEX and being so arrogant i will take away my vote and will from now on make your actions public informing the public of your price manipulation and trying to dictate the BTS price till you resign from the OMO fund as you as a person shouldn't run at all such a community fund as you clearly have personal interest issues and an ego where everyone else would be long time kicked out as commitee.

I will repeat you broke every point of your WP and you have ZERO transparency ,fucked the margin Ratio and still i don't see a single word of appology or even a for the sake of the smallest change of transparency

Therefor i will activly advertise to get your out of the OMO fund as you are clearly breaking all trust and acting like a dick who have the right to do anything on DEX

538
General Discussion / Re: review the drastic fall
« on: August 09, 2018, 11:21:39 am »
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what we want is just to avoid the price maunipulation from outside DEX.

Which means dictating the price from DEX so a buy wall like before can't get crashed anymore even it had an unnatural price.

Its funny you blame the fall of the buy wall on BTC pair price manipulation but not on manipulation of BTS price on DEX

539
General Discussion / Re: review the drastic fall
« on: August 09, 2018, 11:13:58 am »
don't act stupid or do you want to buy BTC today from me for $10k each which will be next year worth $20k ?

540
General Discussion / Re: review the drastic fall
« on: August 09, 2018, 11:02:10 am »
why its more reasonable you got your answer ....people didn't bought BTS at 1.08 at that market condition.
else we wouldn't be at 0.85

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