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Messages - armin

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61
General Discussion / Re: Announcement on BSIP42 relevant actions
« on: October 02, 2018, 01:59:48 am »
Some thoughts:

The premium seems to be "the cost of securing collateral and preventing black swans"

Premium is not good for shorters, but good for the blockchain.

Shorters may seem disadvantaged, and actually it is true. But they are also disadvantaged in traditional markets, ie you need to pay interest on margin loans

62
@bitcrab why not lower MCR to lower than 1.75 for bitCNY? Then you can leverage more and lessen the shortage

63
General Discussion / Re: Somebody might enlighten me why BSIP42 on BitUSD ?
« on: September 29, 2018, 10:50:15 pm »
The problem is many of the parameters are not "locked in" by the code, they can be changed any time

64
General Discussion / Re: Somebody might enlighten me why BSIP42 on BitUSD ?
« on: September 29, 2018, 03:42:10 am »
why r u exiting @zhangweis

65
General Discussion / Re: On The Importance of Bit.GOLD
« on: September 28, 2018, 03:43:21 pm »
Ah, so you're saying because it is preferable to be long gold, then less people are willing to short it? HMM... interesting answer

66
General Discussion / Re: On The Importance of Bit.GOLD
« on: September 28, 2018, 01:05:47 pm »
@pc I don't get your point the CER is currently 8600 and settlement price is 10300 for bitGOLD.

Also btw nobody has actually discussed my original point, why bitGOLD is more useful than bitFIAT when taking a short position on the crypto market. Please give your opinions

67
yo bitcrab will BSIP42 be implemented on all committee bitassets?

68
General Discussion / Re: On The Importance of Bit.GOLD
« on: September 28, 2018, 06:29:44 am »
Yes actually this will be a good idea @bench. Less liquid bitassets should have higher MCR since they are less likely to have their margin calls bought (less liquidity). The higher MCR will make black swans less likely. On the contrary, highly liquid bitassets like bitCNY should have a lower MCR.

69
General Discussion / Re: On The Importance of Bit.GOLD
« on: September 27, 2018, 10:56:07 pm »
There are no margin positions on bitGold or bitSilver now.

There are no shorts because both have black-swanned early this year. Interestingly, the markets seem to be ignoring this.

can you elaborate on what you mean by "the markets seem to be ignoring this"? is there a more efficient position the market can take on bit.GOLD currently?

70
General Discussion / Re: On The Importance of Bit.GOLD
« on: September 27, 2018, 10:54:45 pm »
I said it incorrectly @thul3. I meant we need to increase liquidity on Bit.GOLD so that when people want to be short crypto they can escape to Bit.GOLD. Holding Bit.GOLD is better than bitFIAT since it is not depreciating

71
General Discussion / Re: On The Importance of Bit.GOLD
« on: September 27, 2018, 09:06:01 am »
Yes that's what I'm saying, it's a chicken and egg problem. But I'm asking why you would borrow bitFIAT that is depreciating over time when you can borrow bitGOLD (if we assume its liquid)

72
General Discussion / Re: Margin Call stopped working
« on: September 27, 2018, 02:22:58 am »
thats not under the new feed rule (fully)

73
General Discussion / Re: Maker Taker Incentive/Fee parameter for Assets
« on: September 27, 2018, 01:50:01 am »
too complicated, fee is already very low. If they raise it though your suggestion may be good

74
General Discussion / Re: On The Importance of Bit.GOLD
« on: September 26, 2018, 02:19:00 pm »
whats wrong with them

EDIT: If you're talking about the feed price, we haven't actually had much problems with the new feeding rule. It hasn't changed much. Bitshares is still the same rank on CMC, and we haven't seen a black swan yet. Margin calls are also being eaten

75
General Discussion / Re: Economic Abstraction and Network Fees
« on: September 26, 2018, 12:33:39 pm »
ya that's exactly what we are saying @johnr

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