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Stakeholder Proposals / Re: [Poll] BSIP59:Reduce MSSR of bitUSD to 1.01
« Last post by bitcrab on Today at 02:12:55 pm »
anyone can help to vote this up? only 3M voting power needed.

we need to make bitUSD peg better, we need to make bitUSD liquidity as good as bitCNY...
General Discussion / Re: New mechanism to handle bad debt (black swan)
« Last post by Bangzi on Today at 02:08:55 pm »
The debt holders concern about global settlement and BitAsset Holders concern about under collateralized, there is solution available for both parties but need some changes on BSIP18 - Revive BitAsset through buying Settlement Pool.

Propose Solution:
1. Rather than force close all margin positions and move to settlement pool, the new solution is force close MCR <1 Margin Positions only and move to settlement pool, this will solve debt holders concern about global settlement.
2. Same as BSIP18, everyone can Use BTS to bid for those debts in settlement pool but we need to give them incentive to do so because investors will prefer to create new margin position rather than use MCR 1.6 to revive those debt.
3. Asset Owner set a new parameter call Minimum ReCollateral Ratio (MRR) eg. MRR 1.1
4. With MRR 1.1, investors can use 0.1 BTS to obtain 1 BTS Debt, this is a huge incentive for investors to keep BitAsset fully collateralized, this will solve BitAsset Holders concern about under collateralized
Stakeholder Proposals / Re: Proxy:B-DEX
« Last post by Thul3 on Today at 12:22:23 pm »
I downvoted early today bitspark as committee when reading the past days his reckless opinion.
We had just an argument that he would let the GS on USD happen and that he thinks we shouldn't defend the bad debt holders as it's their own fault.

I got mad because the GS Protection was voted in to give borrowers a safer feeling of taking debt and also because i don't want to lose a part of the community again.

It seems they give a fuck about community members getting rekt should a GS happen.
They talk random shit but not how to grow the community.

I will open a new Thread about it soon so people can watch themself what kind of argumention they have.

I really feel upset because they give crap about other peoples money and their ignorance and ideology argumentation boils your blood
Voted, directly on the site :)
Thanks @oxarbitrage

Update:  Implemented Beet Voting button in the footer @ Steemfest website

Other Projects / Im glad I now registered
« Last post by GayleMarti on Today at 10:12:51 am »
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Random Discussion / Re: Quote of the day! Have a good day!
« Last post by EuropaSH on Today at 05:41:36 am »

Have a good day!

#quoteoftheday #bitshares #xbts #blockchain #exchange #dex
Other Projects / Just want to say Hello!
« Last post by GayleMarti on Today at 04:01:04 am »
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中文(Chinese) / Re: cn-vote投票公示
« Last post by gghi on Today at 03:47:51 am »
中文(Chinese) / Re: 9个见证人没有喂价保护BitUSD
« Last post by gghi on Today at 03:28:17 am »
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