Quote from: binggo on August 09, 2018, 10:48:37 am

I think the feed price（from the Centralized exchange）need to take on some responsibility.

The neck of the Decentralized exchange was grabbed by the Centralized exchange.

agreed, so need some witness to feed based on the BTS/bitCNY price in DEX, adding the bitCNY deposit fee.

LOL like i thought it is going to happen based on yesterdays first post here

Establishing the next price manipulation feature so even the feed price will be controlled from DEX

After seeing that post yesterday in chinese forum
https://bitsharestalk.org/index.php?topic=26909.0
i was 100% sure this request will come and that your thread is a part of that strategy to control price feed so you can't get margin called anymore.

LOL
Creating a centralised dictarorship


Arbitrage didn't worked for you since price feed keept going down so now you try to even manipulate/dictate the feedprice

traders can arbitrage to make them close.

Yes exectly and this was causing the holding of that fake price up for 2 days were everything else moved down.

CMC went up from 29 to 24 and once the buy wall got eaten up (even for quick profit by some traders)
the price dumped where it should be if there would be no buy wall before ......back to CMC rank 29


You clearly don't understand the issue.Just puting the buy wall up wont help at all.Maybe for a short time but without buyers willing to buy at that price you won't be able to hold at that price and there was noone willing to buy at that price cause you created an unhealthy manipulated price

Quote from: Thul3 on August 09, 2018, 08:58:22 am

Quote from: ymtt on August 09, 2018, 08:48:58 am

Quote from: Thul3 on August 09, 2018, 08:24:18 am

Quote

while George Soros short HKD in 1998, as the Hong Kong Financial Management Officer, Mr Zeng Yinquan definitely need to do what he can to protect HKD and defeat Soros.

I can't imagine that Mr Zeng invite Soros to a party and tell him :"Well done, Buddy! Hong Kong is a free financial market, do what you like."

Maybe Mr Zeng remove the chance for Soros to buy HKD at the cheapest price, yes, that is his responsibility.

And so do OMO for BTS.

the chanllenge for OMO is how to get the purpose with high efficiency and low risk, surely OMO need to behave better.

Total crap which you have completly no understanding at all.
What you are doing here is mixing political battle using economics comparing to a healthy ecosystem which should grow.
China is since decades in an economical battle with the US to open their money control so  the US can flood China with uncontrolled money.For this purpose even Bitcoin was used in the past which leaded to a ban in China .
Sorros attack was an economical attack to weaken the chinese resistense and had nothing to do with making money.Of course when Soros is winning he is making money but this is not economical motivatd but political where you clearly lack of knowledge.

Also your argument using on a small ecosystem like bitshares is a joke.
Will people here suffer because of a lower price ?Have lower amount of food,being flooded with foreign worthless USD etc like in HK ?
I highly doubt that.The only suffering would be the big bag holders near margin loosing more BTS which would lead to a better distribution.

So this is a clearly fund to protect your own asset.
You are clearly using BTS for your own personal interrest and not for the benefit of the bitshares community cause i didn't saw a single proposal from you about marketing bitshares DEX to get new members .

Nothing about that.
The only thing i always see about you the last year is how we keep holding the price up so i won't lose much BTS.
I give a fuck if you lose BTS so as you give a fuck if i buy cheap BTS.

And you are clearly violating every single principle of bitshares dex being a decentralised exchange with full transparency.
You are not decentralised at all using not your funds to dictate a price and most important your transperancy is ZERO.

Another fact is that you give shit about the international community which will lead into a fight since people are tired of your crap and expacially favorising the chinese market destroying the bitusd market and in the same time pushing volume on gdex

Maybe i'm the only one who is talking about it openenly but you can read it everywhere in closed chats.
Commitee members seems to have no balls to tell it to you directly i guess fearing about their benefits however you reached a point were i say clearly STOP ........
You have done a lot for the bitshares community there is no doubt about it but this gives you not the right to start abusing it this way


Also please inform us who approved lowering the Ratio for creating new Assets from higher than 4 to lower than 2 ?
Did the community or commitee members decided about it ?

Of course i suffer because of a lower price, and i hate people who shorten Bitshares, they just want to get more bts in a lower price and sell them in a higher price, and then shorten bts again. They don't care about the development of Bitshares. Just as Tesla, so many people shorten Tesla, and Elon Mask and supporters of Tesla hate them. I hate people who shorten bts, so i support bitcrab who protect bts price.

Do you even understand how economics work ?
Do you have any clue how mass adoption works ?

You are clearly a selfish ignorant looking only to get your highest profit the quickest possible way without a real increase of value even hurting the healthy growth of that project

In fact, i think you are a foolish and rude man.
With the growth of smart coin ,then we can develop stronger ecology. so we need increase our smart coin with strong consensus. How we get strong consensus? just rely on the development of dex? OMO and spring fund will together all supporters of bts. Do you understand?
You say you understand how economics work. WHY i never find you have some good advice for the growth of Bitshares? or you just can oppose other who love bts and try to lead bts?

We agreed on lack of smartcoins and thats why we voted for creating smart coins from RP fund.However we never agreed on price manipulation.You don't grow an ecology by fake pumping a coin but by getting adoption.
Bringing liquidity to DEX doesn't mean to pump BTS price up.
And i haven't seen any activity of bitcrab on WP trying to get these adoption or even trying to get liquidity by DEXbot.
He is in general not voting much just for his own WP

Quote from: Thul3 on August 08, 2018, 12:56:20 pm

Quote

this is the initial logic design at the start time of OMO, now when check it again, seems it is a little too conservative.

the OMO has an advantage that other funds do not have, it has daily income of 200K BTS and also bitCNY&bitUSD market fees, so it is more powerful to resist risks - when risk appear, we can use the new coming BTS and smarcoins to increase the ratio.

now the cnytrader team do the trading based on some other logic, mainly on the margin call price and the "bottom price" in our mind, we now suppose the price of about 0.75CNY is the bottom price and it's safe enough to set the margin call price at this point.

yes, tomorrow we'll use the new coming funds to increase the ratio.

and, actually I hope committee members from USD world can take care the committee-usdoperator account and do the bitUSD trading tasks, no problem to remove me from the multisig of committee-usdoperator.

You are already planning future RP funds which i disagree.Many members already stated that this fund is already to big and leave peanuts for other WP .

You can't take future RP funds hostage

the funds is not big enough considering it's

Quote

obligation

. and this WP is helping to maintain the BTS price and thus maintain the value of the BTS balance in each WP.

any WP that need fund can try to attract voting to make itself above the OMO WP and get money.

Which obligation are you taking about ?

1. Charge market fee for smarcoins like bitCNY and bitUSD.

2.Use the collected fee to buy BTS. 

3. Borrow bitCNY/bitUSD by putting the bought BTS into collateral with high collateral ratio and continue to buy in BTS.



1.the purpose of the fund is to adjust the supply of smartcoins, so operators need to decide depend on the market condition, borrow smartcoins and buy BTS while the smartoin is in shortage, sell BTS and reduce debt position while the smartcoin is over supplied.

2. operators need to take good care while operate with debt positions, as an initial rough principle, when BTS price is under 2CNY:
while collateral ratio > 4, borrowing more smartcoin is allowed.
while 4>collateral ratio>3, smartcoin income can be used to buy more BTS, but borrowing more smartcoin is not allowed.
while 3>collateral ratio, smartcoin income need to be used to reduce debt position, buying more BTS is not allowed.

3.when more than 10M BTS are accumulated in one operator account, the account need to be locked by setting both active key and owner key to committee-account, a new operation account will be created for subsequent operation.



You are in breach of every single point of your WP.
Maybe you can show me the obligation you are talking about in your WP that it needs to "to maintain the BTS price" cause maybe i'm blind and i can't see it.

while George Soros short HKD in 1998, as the Hong Kong Financial Management Officer, Mr Zeng Yinquan definitely need to do what he can to protect HKD and defeat Soros.

I can't imagine that Mr Zeng invite Soros to a party and tell him :"Well done, Buddy! Hong Kong is a free financial market, do what you like."

Maybe Mr Zeng remove the chance for Soros to buy HKD at the cheapest price, yes, that is his responsibility.

And so do OMO for BTS.

the chanllenge for OMO is how to get the purpose with high efficiency and low risk, surely OMO need to behave better.

Total crap which you have completly no understanding at all.
What you are doing here is mixing political battle using economics comparing to a healthy ecosystem which should grow.
China is since decades in an economical battle with the US to open their money control so  the US can flood China with uncontrolled money.For this purpose even Bitcoin was used in the past which leaded to a ban in China .
Sorros attack was an economical attack to weaken the chinese resistense and had nothing to do with making money.Of course when Soros is winning he is making money but this is not economical motivatd but political where you clearly lack of knowledge else you wouldn't use it here.

Also your argument using on a small ecosystem like bitshares is a joke.
Will people here suffer because of a lower price ?Have lower amount of food,being flooded with foreign worthless USD etc like in HK ?
I highly doubt that.The only suffering would be the big bag holders near margin loosing more BTS which would lead to a better distribution.

So this is a clearly fund to protect your own asset.
You are clearly using BTS for your own personal interrest and not for the benefit of the bitshares community cause i didn't saw a single proposal from you about marketing bitshares DEX to get new members .
If i'm not mistaken your vote support is also very thin.You care about liquidity but did you even voted for the DEXBot as example ?

Nothing about that.
The only thing i always see about you the last year is how we keep holding the price up so i won't lose much BTS.
I give a fuck if you lose BTS so as you give a fuck if i buy cheap BTS.

And you are clearly violating every single principle of bitshares dex being a decentralised exchange with full transparency.
You are not decentralised at all using not your funds to dictate a price and most important your transperancy is ZERO.

Another fact is that you give shit about the international community which will lead into a fight since people are tired of your crap and expacially favorising the chinese market destroying the bitusd market and in the same time pushing volume on gdex

Maybe i'm the only one who is talking about it openenly but you can read it everywhere in closed chats.
Commitee members seems to have no balls to tell it to you directly i guess fearing about their benefits however you reached a point were i say clearly STOP ........
You have done a lot for the bitshares community there is no doubt about it but this gives you not the right to start abusing it this way


Also please inform us who approved lowering the Ratio for creating new Assets from higher than 4 to lower than 2 ?
Did the community or commitee members decided or even talked about it ?

I hope you are also aware of it that many people stopped buying BTS when it was on rank 24/25 claiming its overpriced and that this value doesn't represent any real value growth.

Its just a pump which always leads sometime to a dump like when your buy wall was eaten

this is the initial logic design at the start time of OMO, now when check it again, seems it is a little too conservative.

the OMO has an advantage that other funds do not have, it has daily income of 200K BTS and also bitCNY&bitUSD market fees, so it is more powerful to resist risks - when risk appear, we can use the new coming BTS and smarcoins to increase the ratio.

now the cnytrader team do the trading based on some other logic, mainly on the margin call price and the "bottom price" in our mind, we now suppose the price of about 0.75CNY is the bottom price and it's safe enough to set the margin call price at this point.

yes, tomorrow we'll use the new coming funds to increase the ratio.

and, actually I hope committee members from USD world can take care the committee-usdoperator account and do the bitUSD trading tasks, no problem to remove me from the multisig of committee-usdoperator.

You are already planning future RP funds which i disagree.Many members already stated that this fund is already to big and leave peanuts for other WP .

You can't take future RP funds hostage

What sense does it make to vote back OMO when its still clearly being run by bitcrab ?

The OMO need strict rules and can't be run by bitcrab who is already controlling this large amounts of BTS.

USD commitee account is at Ratio 1.96 so it may soon get margin called
CNY commitee account is now at 2.1 and a minute ago Bitcrab created again new assets to create a 1 million BTS buy order