In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.

BTS also face similar problem, BTS need first to survive, and then can seek more.

BitAssets are not created as a killer to BTS.

BS. Global settlement would have nullified this bad debt issue & we'd likely have recovered by this point.

BitAssets weren't created to defraud the bitshares community, yet here we are - the committee owned bitassets now permanently disgraced scamcoins.

Shame on you for fundamentally destroying the integrity of bitassets permanently.

On the upside, at least we know now that china's lying about their covid figures since these bitCNY fixed feeds are seemingly fully acceptable to the CCP. Had you not led the bitassets to defraud the entire Bitshares community I might have taken the CN Covid figures at face value and not prepared as well as I did for this quarantine. Cheers mate 👍

Quote from: R on March 28, 2020, 11:41:39 pm

The consequence of  global settlement already applies to bitasset holders; their held bitassets have depreciated significantly in value & they cannot be settled for the correct accurate value. Fixed feeds are not normal prices.

You misundertand something or not undertand something.

A bitasset is just like a country, now you shut down it, kill all the debtor(incloud healthy debtor),  people will choose to run away, no liquidity output, just make matters worse.

Global settlement is a very failed mechanism, it has been proved by the reality.

We should or must make a more better mechanism.

People are already running away from bitassets because they're SCAMS in their current state. Global settlement would have retained some resemblance of credibility, now BSIP76 proponents have zero credibility.

Fact is the bitassets are dead scamcoins, move onto new smartcoins which haven't been destroyed by loser gamblers.

Hi,

In the orginal Bitshares, or the new one now, how often was a delegate producing feeds, and how often would the Bitshares Exchange read the median of those feeds?

if you are too stupid to understand what is shorting attack/ death spiral, I don't know how to explain to you.

What made bitshares have ANY value from the beginning was the notion of decentralized oracle market pegged assets that could be traded on a decentralized exchange platform.  THAT was the niche value proposition.   Your bullshit has poisoned the decentralized oracle well and killed market pegged assets and HENCE bitshares has no value because it is no longer a place where you can trust the value of the witness supported decentralized smart coins.   

No trustworthy decentralized oracle = 
Witnesses are not trustworthy =
No unique niche value proposition =
Bitshares is a shitcoin in a sea of other shitcoins =

DEATH SPIRAL


and there is not a bsip or baip in the world related to protecting your long lost debt position from fictitious "shorting attacks" that will EVER save it.  Not a price feed moving average, not a settlement fee, not a pegging the price to the core token, not MSSR = 1, not MCR = 1; all you do is devalue the core token further.

You are a loser.  Your debt is worthless.   You've killed a blockchain that talented developers have spent close to a decade building. 

You and everything you stand for is a disgrace, fraud, and scam. 
Anyone with a half bit of sense knows it.

Expect from this day forward anything you post in the English speaking world will be responded to with this quote:

CHINA http://www.csrc.gov.cn/pub/csrc_en/about/contact/
USA https://www.sec.gov/tcr
EU https://www.esma.europa.eu/whistleblowers-corner

If you report bitcrab to SEC
you may be eligible for up to 10%
of any money recovered as a reward!

Eventually, someone will grow fed up with you enough to deal with .gov and you can finally enjoy your concrete box, orange jumpsuit, and daily serving of pickle ends and reconstituted potatoes... that you so clearly crave. 

Until then... please do everyone a favor and go lick a used N95.

Quote from: bitcrab on March 29, 2020, 06:50:01 am

I do not want to explain more to the guys who just say others do not understand this and that, it's wasting time.

The best thing that could happen to bitshares is for you personally to end up in concrete box with bars after an anonymous report to state security and exchange commission.   And all your friends and associates locked up and fined as well. 

Please somebody, do us all a favor, and report this asshole:

CHINA http://www.csrc.gov.cn/pub/csrc_en/about/contact/
USA https://www.sec.gov/tcr
EU https://www.esma.europa.eu/whistleblowers-corner

If you report to SEC you may be eligible for up to 10% of any money recovered as a reward!

Flectere si nequeo superos, Acheronta movebo.

just report it yourself, don't you like the reward?

the decision is made by community through voting, not by myself.