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« Last post by bitcrab on Today at 03:01:53 pm »
I created a proposal 1.10.47901 to borrow 20K bitUSD with collateralizing 2M BTS, margin call price = 0.015USD, far below GS price. hope committee members can check.
the intention is to use the borrowed bitUSD to close the debt position of committee-usdoperator to remove the margin call risk, and get the 1.01M BTS back to committee-account.
It is not a good selection for committee-account to reject any debt position management.
when there is big amount of BTS accumulated in committee-account, if these BTS just stay there, it will not help the ecosystem and is a waste.
if we borrow some amount of smartcoin with taking good care of the risk, and use the borrowed smartcoin to buy back BTS in good price, it will greatly support the smartcoin ecosystem.
committee-account is suitable to do so as it has continuous smartcoin income.
to control the risk, I suggest a principle for managing debt position:
1. margin call price should not be higher than GS price, otherwise all the income will be used to reduce the margin call price.
2. margin call price should not be higher than 0.03 price, which is the price bottom in the last 1.5 years.
yes, even so it is also possible that the margin call will happen, but if the feed price go below 0.015USD, hundreds of millions of BTS collaterals are already margin called, it is a disaster, the margin call of millions of committee BTS do not make the things much worse.
but the "borrowing and buy back BTS" activity can help to reduce the possibility of BTS price go below 0.015USD, although the possibility is already very low.
I hope everyone can also consider the worker issue, "do not support any big workers when BTS price is under 0.3CNY" is close to a consensus in China community, if we want a healthy BTS ecosystem, we need to try to find ways to sustain BTS price, for example, charge margin call trading to add system income to support the BTS buy back.
and "borrowing and buy back BTS" is also part of the efforts.
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