I'm not even convinced that the offset benefits shorters, TBH. I mean it certainly benefited people who had open short positions at the time, but for new positions it's a wash. All it does is move the price down, which means that opening a short position now happens at a slightly lower price. It's just silly.

Quote from: biophil on June 20, 2017, 02:53:37 PM
Thanks for linking that discussion. The discussion is so painful. It's one of a million more "hey all let's go tweak this parameter very slightly in favor of X user group over Y user group, because hey, most of us voting types are X user group anyway and nobody from Y user group is here to protest! It will solve perceived problem Z while predictably creating a new set of problems A, B, and C!"

And now, the forseeable consequence is that now that we have much higher liquidity bitassets, they all trade below the peg.

Ha-ha, you are so right here  :)

Quote from: pc on June 20, 2017, 07:42:10 AM

Quote from: biophil on June 19, 2017, 11:42:53 PM
If so, what is the purpose of this?

Here's the original discussion: https://bitsharestalk.org/index.php/topic,22355.0.html

Thanks for linking that discussion. The discussion is so painful. It's one of a million more "hey all let's go tweak this parameter very slightly in favor of X user group over Y user group, because hey, most of us voting types are X user group anyway and nobody from Y user group is here to protest! It will solve perceived problem Z while predictably creating a new set of problems A, B, and C!"

And now, the forseeable consequence is that now that we have much higher liquidity bitassets, they all trade below the peg.

Quote from: biophil on June 19, 2017, 11:42:53 PM
The big smartcoins all seem to have a parameter called "force settlement offset" set to 1%. What is this? Does it mean that you get only 99% of the face-value BTS when you request a settlement?

Yes, basically.

Quote from: biophil on June 19, 2017, 11:42:53 PM
If so, what is the purpose of this?

Here's the original discussion: https://bitsharestalk.org/index.php/topic,22355.0.html

I recall @bitcrab & @pc having a in depth discussion on this awhile back.

This forum is difficult to search however here are two interesting threads to read:

https://bitsharestalk.org/index.php/topic,16143.0.html
https://bitsharestalk.org/index.php/topic,20356.0.html

QuoteDoes it mean that you get only 99% of the face-value BTS when you request a settlement?

Yes.

QuoteBTS when you request a settlement?

To discourage forced settlement.  Why we need to discourage forced settlement is another question.

The big smartcoins all seem to have a parameter called "force settlement offset" set to 1%. What is this? Does it mean that you get only 99% of the face-value BTS when you request a settlement?

If so, what is the purpose of this?