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本来对于bitCNY来说,只要喂价喂市场价,基本上爆仓单随爆随吃,不会有太严重的积累风险的问题。

因为bsip42造成了价格高于市场价的爆仓单的积累,搞得抵押者成了众矢之的。

如果实施动态MCR+喂价回归市场价,爆仓单积累的问题不会成为大问题。

智能货币系统的本质是什么?不是抵押借债,不是杠杆交易,而是稳定币发行。

整天想着如何收拾抵押者,你们有没有想过,没有人抵押借款,你们手里的bitCNY从哪里来?

非要搞到没人愿意借款了,我看还怎么玩下去。



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中文(Chinese) / 关于将BIT资产作为稳定币发展的关键点
« Last post by WDCBTS on December 10, 2018, 09:50:02 am »
关于将BIT资产作为稳定币发展的关键点

 现在最大的问题应该是爆仓后没人还钱导致大量的抵押物爆仓,这些爆仓的抵押物一再堆积形成负债滚雪球,负债积累导致了BIT资产流动性下降,流动性下降,又会反过来影响BTS价格,从而引发更多的抵押品爆仓。形成一个恶性循环。所以从债务方面去考虑,就出现了两个重点的事情:
     第一:由谁来保证在市场冲击之下BIT资产的最后流动性,目前的情况是没有,理事会基金会的账户目前太虚弱了,从权利上看,其没有调节负债(类似央行的加息降息工具)和处理不良资产的权利。从实力上看
其也没有为市场拖底稳定提供BIT资产流动性的战略储备。(战略储备即各种BITCNY,BITUSD,BITEUR等BIT资产的现金储备而非得有抵押的贷款)
             

    第二点:在私人抵押借贷方面一些激进的账户循环梭哈产生了大量的坏账难以消化,从目前市场情况看来,这些已经形成坏账的账户并没有偿还债务的动力,或者他们还在等待市场能突然间拉高,以此来解决自己的债务问题。显然这并不是一种负责的做法,但它却给整个系统带来了灾难。为什么呢?以BITCNY为例子:市场走熊的时候抵押资产开始贬值形成爆仓单,不主动消化爆仓单的行为将本身就不多的BITCNY从承兑市场拉回来来消化爆仓单,每个人都知道一旦进入黑天鹅意味着市场对于BIT资产的信心将进入冰点,这导致一部分爆仓的人携黑天鹅以令诸侯,破罐子破摔,就是不还钱看你敢不敢黑天鹅一起死的心态来挟持整个系统。结果就是不良资产越滚越大,在外流通的BITCNY不得不回流到内盘救火,最终导致BITCNY的流动性枯竭。这明显是一个制度上的漏洞。而这个制度上的漏洞也极大的影响了BITCNY等BIT资产发展。

以上的两点环环相扣,即理事会没有节制债务的工具,负债人没有偿还的责任。所以我试想一个可促进循环发展的模式来补充目前的情况

由于内盘工具具有强金融属性,而社区中并不是每个人都懂金融常识(至少我就不是金融和法律专业的)所以我们需要引入专业人才来帮助治理

第一:赋予理事会的权利,激活社区热情。理事会或者基金会设立一个账户,账户管理团队由社区投票产生。任期X年一届。账户主要功能是行驶权利,将过长时间市场消化不了的爆仓单抵押物收回。并择机投放市场。账户管理团队的薪资抽成由以下目标考核的实现来组成:推进生态健康发展即 BIT资产的债务和不良债务比例是否控制得当,BIT资产对外上线交易所以及BIT资产增发比例等
         这样做既形成一个 社区选出一个团队,而这个团队即服务于社区也不白做工作。能者多得,且接受社区监督的机制。解决目前政策摇摆不定,朝令夕改的局面

第二:设置借贷规则,首先声明,设置规则并不影响BITCNY等BIT资产作为稳定币的产出,反而在目前喂价反馈机制下能更好的控制了不良资产的产生,能让系统健康运作。排除整个货币市场牛市熊市的因素,借贷人是否有借有还才是决定了整个系统的健康。以BITCNY的承兑商为例:承兑商的信心来自于稳健的系统,当市场走熊,大量的不良资堆积到即将黑天鹅的时候,承兑商就必须放弃承兑,将BITCNY收回己用。甚至放弃在BTS中发展的念头。这对系统是十分不利的。而现行规则并没有在处理不良债务的时间上给出规定,导致了不良债务只能任由市场摆布。熊转牛时债务立刻被市场消化。牛转熊时,债务不断堆积。完全不能自主。所以我再次呼吁加入要求175以下强制回收不良资产的时间限制,将不良资产交由社区选举出来的团队管理。以确保整个系统的健康发展。



  再次总结问题所在:一 如何处理长时间的不良资产,二 谁来处理回收后的不良资产 。
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The Cabinet who manage DEXBot are gathering community feedback for continuing DEXBot next year, for DEXBot WP 2

"It has been an exciting year for the DexBot. We started by chatting about ideas, put together a proposal, created a market making trading bot and launched several strategies. From nothing, we have an  MVP (Minimum Viable Product) up, working and under budget.

There were many highs and lows along the way, people who have never met came together, decided on a plan and executed it and did so even with a delayed start. After putting the worker proposal out to the community, it took a plunge in the BTS price, before voters passed the proposal. Here was something, we could do to help address liquidity as a community. An instant high followed that low, this is going to happen! Then the work started. Marko put together the team that started to formulated code. There were many questions, ideas, and strategies. We got the beta version launched, and then came the long line of bug fixes. There were lows along the way. At times the worker proposal was temporarily defunded, causing a minor panic. There was the time when one new strategy backfired and did not work as intended. Yep, Marko lost not an insignificant amount of his own money. These are the dangers and perils of working on software that deals with real money.

It is so easy to say, “We did it,” and forget all the perils along the journey. We needed to keep the peace and work together. We needed to compromise. We needed to decide on what language to use what software to use and what programmers to use. We needed to avoid bad partnerships and form good ones.  We needed to tell some people who eagerly wanted to contribute, no -because their help was hurting at the time. We needed to prioritize decisions and create strategies that added liquidity to the market and did not remove it. Building a communal trading bot, that everyone can use, and uses strategies that help the market and does not hinder it, is not as easy as some may think. From a technical side, there were countless hours of writing code, making sure strategies work as intended and trying to hunt down why someone somewhere was getting an error code. There was keeping peace and on a topic in Telegram Chatrooms. There were explaining strategies and markets to new traders. There was making money and losing money while trading. But through all of this, we brought forth the DEXbot, a market-making bot that allows ordinary traders and investors to make markets in a helpful and beneficial way adding liquidity to the BitShares blockchain.

Along the way, on this journey, some exciting things happened. The Dexbot Cabinet came together as a real team to support Marko who did the heavy work managing the project. Because of the DEXbot, Cryptick proposed an Android Custom Wallet Proposal to the community. While that worker did not pass, now there is now the whole host of interesting mobile proposals fulfilling the vision. DEXbot is one of the few remaining independent workers outside of the BBF foundation. This is beneficial for all, as it allows the DEXbot, complete independence to promote fair trading, and helps to fully realize the decentralized vision of blockchain projects.

The DEXbot is not and does not need to be the most visible project on BitShares. We don’t need everyone involved but want their vote of support. Ultimately, most people benefit from the Dexbot and do not even realize it. When trading, people take the narrower spreads for granted. The Dexbot works day and night, helping money move back and forth through the BitShares Ecosystem. This is done by the family of traders running the DEXbot and other liquidity providing software.

This software increases the number of transactions, increases transaction fees and moves a great deal of CryptoBridge, OpenLedger, GDEX, RUDEX assets, while paying commissions. Everyone benefits.

It has been a great start, but there is still more to do. We have a working product, but there is more that we can add. Much of the year was spent building functionality, now we need more efforts towards customer support, users guides, documentation and adding new strategies. Marko has been leading this project part-time, but Permie is now ready to step in take over project management. He feels this is the great tool that can be utilized by strategic partners to make trading better on the Dex. We realize markets are not yet as liquid as everyone would like, and we feel more strategies can help facilitate this. Cross-exchange arbitrage could help BTS prices stay in line with other markets and enable customers to get better fills.

We feel the full potential of the DEXbot project is just starting, and to abandon it now, would be like throwing a young child out onto the streets before he is grown up. While we are working on a backup minimum maintenance plan, we are asking for continued community support. We understand, that Crypto markets have taken a dive, and are very aware of what is going on in the markets, like the recent global bitUSD settlement. That said, as one worker comes to a conclusion, we are putting forth another in order to take this project forward. We know that good project development takes time, and what we build now, will be there in the future to help keep Bitshares in a leading position among the Decentralised Exchanges."  -Crytpick1 (Cabinet Member)

@cryptick1
@cryptokong123
@kimchiking
@Don_Gabriel
@markopaasila

https://docs.google.com/document/d/1EM7Ld9Je90Fiotqwd9wquHPz4MPbJls96g8tgQVJPqY
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我认为发展智能货币的方向没错,但是战术上犯了很严重的错误,整体都太激进了,导致大部分支持者都成了陪葬。如果能吸取教训,不要抵押加杠杆,而是拿bitCNY去做应用和支付,会慢慢恢复,但估计需要很久。
DEX和多签资产管理都是不错的特性,值得推广,但不够爆点。匿名交易似乎是个爆点,但是推广有风险。


如果DAI和bitCNY发展方式的对比案例不足以说明“整体战略”的重要性,那么币安的去中心化交易所(Binance DEX)可能又要给我们上一课了:战略层面先以中心化交易所占领市场份额,而后水到渠成在战术层面提升技术架构升级为去中心化交易所……

  • 2018年12月7日新浪微博用户“白话八比特”写的头条文章(含视频12月4日放出的视频):https://m.weibo.cn/2103821880/4314925154800961(我最先看到这篇文章,然后评论质疑了一下链上撮合的BTC、ETH等主流币是不是网关性质的托管代币,有何一的回复)
  • 2018年12月4日在新浪微博币安官微放出的视频:https://m.weibo.cn/2103821880/4314925154800961(评论里官方说:一期不支持跨链,后续会支持)
  • 2018年12月4日在 Youtube 放出的 Binance DEX Preview 视频(上面新浪微博里的也是这个):https://www.youtube.com/watch?v=wN1Uvor4Hd8
  • 2018年8月9日在 Youtube 放出的早期命令行版本演示视频:https://www.youtube.com/watch?v=9R9LrKgL__A&feature=youtu.be


我们有时候真的太纠结于战术,而对全局的战略考量得不够。在战略上重心放错了,在战术上的很多努力都是螳臂挡车……

在BTS市值体量不够的情况下,BTS的价格不仅与整个数字货币市场联动,还与bitCNY深度绑定(目前BTS生态的木桶,长板就只有SmartCoins),由于抵押BTS借出的bitCNY绝大部分都直接加杠杆买入了BTS,使得牛市的时候bitCNY成为了BTS上涨的火箭助推器,熊市的时候bitCNY成为了BTS下跌的绞肉机。在市场趋势面前,BTS价格与bitCNY深度绑定必然陷入“无法抓着自己的头发把自己提起来”的死局。或许,即使是战术层面,避免让借出的bitCNY直接加杠杆买BTS,不断推高抵押系统整体杠杆的解决方案可能更有意义。


另外一个战术层面的改进方向是如何让bitCNY具有高度流动性!,不然把bitCNY、bitUSD推向交易所之后,因为市场的原因导致回收流动性出现问题:比如通过bitCNY入金的资金进入中心化交易所(CEX)之后呈现净流入的状态,在接受bitCNY作为入金手段的中心化交易所们(CEXs)的市场占有率不断上升的情况下,bitCNY将会被不断锁死流动性,再多的bitCNY都不够用。而bitCNY(数字资产抵押型稳定币)与USDT们(银行账户备付金托管型稳定币)的重要区别是bitCNY的发行是有巨大成本的(BTS市值体量、抵押参与度、抵押杠杆率、黑天鹅风险、bitCNY本身作为杠杆系统的做空动力……等等约束),而USDT们的发行没有任何成本,bitCNY的流动性问题将会更加窘迫。在牛市行情中可能问题不大,在市场反转之后,SmartCoins的流动性问题必然对BTS和SmartCoins抵押系统产生很大的冲击……

引用分析师肖磊最近分享的一个宏观分析:在数字货币领域,战略上定位在金融领域是明智的,很多行业的市值都有天花板,唯独金融行业没有天花板。
以bitCNY作为战略发展方向之一没问题,但其他战略短板需要跟进,否则只有一块长木板的木桶是盛不了多少水的。而在宏观战略层面要对各个战略方向有宏观的把握。


我举例说明的几个比特股具有的特性是积木块(技术手段),可以用来搭建各种壮观的积木(落地应用)。
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可以去搜一下见证人相关的教程。最便宜的机器,不做备份的话,100美元以内就可以了。
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Just some example based on global traffic on websites according to alexa.

Nice way of looking at it - Alexa ranking should definitely be considered for exchanges we are looking at as a bit of a sanity check.

Actually gives some interesting info on where people are coming to Bitshares from as well.. DPOS.

https://www.alexa.com/siteinfo/bitshares.org

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General Discussion / Re: An Investigation for BTS Data Visualization Worker Proposal
« Last post by sschiessl on December 10, 2018, 06:56:38 am »
Done.

Please ask a native english person to help correct some of the language, I could guess what it means but was unsure
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the point here is not "listing BTS in more CEX", but "open bitCNY/bitUSD markets in more CEX".
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At what point did "marketing Bitshares" become "listing BTS on more exchanges" ?

Listing a token in more places does not automatically increase its value and interest. 
  • It could actually decrease its value as exchanges hold large BTS holdings and they could get hacked, or front-run their users, or manipulate the posted price.

We already have gateways to move value in/out of our dex.

Please go back to advertising, and marketing bitshares ideas.  Like coindesk, etc.
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Just some example based on global traffic on websites according to alexa.


global rank

~4.700 Bittrex volume  $27 Million
~6.000 Poloniex volume  $29 Million
~7.300 Yobit volume  $15 Million
~13.000 kraken volume  $120 Million
~13.000 upbit volume  $151 Million
~28.000 gate.io volume  $36 Million
~34.000 livecoin volume  $10 Million
~46.000 btc alpha volume    $3 Million


Now have a look at the global traffic rank according to alexa of the proposed exchanges

~170.000 Sistemkoin $59 Million
~No Data IDAX  $282 Million
~46.000 LAToken  $63 Million
~399.000 RightBTC  $126 Million
~46.000 Cointiger $115 Million

Based on that Data you can clearly see that non of the bottom exchanges could even compete with Livecoin.I would even claim all would even lose the comparing against BTC-Alpha massivly which has Rank 87 and a trading volume of $3 Million.

nice job..
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