Quote from: clockwork on September 18, 2019, 09:44:49 AM

Quote from: Customminer on September 18, 2019, 09:06:51 AM
when will it end, at 1.0?

0.5

Borrow 1. Get 1 free!

We're now way below 1.0

• reduce mcr  to 1.5, with one obvious benefit: bitCny is easier to produce.However, the current supply of bitCny has little impact.
• The risk is very small.(like bitUsd)
• i support it

Quote from: bitProfessor on September 18, 2019, 03:07:21 AM

Quote from: bench on September 04, 2019, 08:59:40 PM

Quote from: bitcrab on September 04, 2019, 02:24:15 PM
As low as possible & As high as necessary.

MCR = 1.5 is in the current system the best balance

Reason？

Table shows debt based on MCR, when using debt to buy BTS and borrow again (10 times):

DEBT   MCR
8.51   1.1
6.26   1.15
4.87   1.2
3.95   1.25
3.32   1.3
2.85   1.35
2.50   1.4
2.22   1.45
2.00   1.5
1.82   1.55
1.67   1.6
1.54   1.65
1.43   1.7
1.33   1.75
1.25   1.8
1.18   1.85
1.11   1.9
1.05   1.95
1.00   2

MCR = 1.5 gives the debt position a slightly advantage, to compensate risks.
With MCR 1.6-1.75 (DEBT< MCR), the dept position has no real advantage.

Quote from: Customminer on September 18, 2019, 09:06:51 AM
when will it end, at 1.0?

MCR should end at 1.5, ccr can end at 1.0

Quote from: Customminer on September 18, 2019, 09:06:51 AM
when will it end, at 1.0?

0.5

Borrow 1. Get 1 free!

when will it end, at 1.0?

Quote from: bench on September 04, 2019, 08:59:40 PM

Quote from: bitcrab on September 04, 2019, 02:24:15 PM
As low as possible & As high as necessary.

MCR = 1.5 is in the current system the best balance

Reason？

Quote from: bitcrab on September 04, 2019, 02:24:15 PM
As low as possible & As high as necessary.

MCR = 1.5 is in the current system the best balance

Based on BSIP59, https://github.com/bitshares/bsips/blob/master/bsip-0059.md, now 2 poll worker proposals have been created:

1.14.215   Poll - BSIP59 - Reduce MCR of bitCNY to 1.5
1.14.216   Poll - BSIP59 - Keep MCR of bitCNY as 1.6

In my view, the logic for setting MCR should be:

As low as possible & As high as necessary.

From any perspective 1.5 is a safe enough MCR for bitCNY, and to reduce MCR become necessary when bitCNY is also in shortage and premium status.

Please vote according to your opinion.