If the exact peg finally lead BTS to 0, why should we insist on it?

smartcoin peg is one purpose of BTS, not all, or not at the highest priority.

we just found that BTS cannot afford smartcoin exact peg at any conditions, need to adjust the policy.

Business models, for years, have been created on the premise that 1 BitUSD is pegged to 1 USD. And now, in a matter of a few days you want to turn them down because your greedy instinct burned your ass?

If BitUSD is not pegged and is not collateralized, then what is it worth for?

If a BitUSD is worth a USD under the condition that BTS is increasing in price, then what's the point of holding BitUSD instead of Bts directly, for a new user?

Same for BitCNY.

What a misserable and coward spirit of a crawling crab who, is ready to damage the reputation of a system created as an alternative for all mankind, in order to save his ass, evading the consequences of his own rist appetite.

Again damage mechanismes which garantee collateral for MPA? BSIP42 was not enough? Again bitcrab? :(BTS RiP

Quote from: alt on September 25, 2019, 09:38:48 PM
I agree we should protect if there are enough evidence proof CEX manipulate the price.
but it's too danger to totally ignore the price from CEX if the price continue drop.
I think give a higher price related to current price is much better than a bottom price, for example 10% higher,
this could stop mostly shorter attack, we can reduce this gap when the influence from mainipulate reduce.

https://bitsharestalk.org/index.php?topic=29641.0

I agree we should protect if there are enough evidence proof CEX manipulate the price.
but it's too danger to totally ignore the price from CEX if the price continue drop.
I think give a higher price related to current price is much better than a bottom price, for example 10% higher,
this could stop mostly shorter attack, we can reduce this gap when the influence from mainipulate reduce.

Quote from: Thul3 on September 25, 2019, 06:05:19 PM

Quote from: pc on September 25, 2019, 05:32:32 PM

Quote from: abit on September 25, 2019, 12:48:55 PM
stop maintaining the peg when we can't afford to maintain it.

The cost to maintain the peg "in all conditions" is simply too big for us. Better to give up at some point.

Who is "we" and "us", and what cost is associated with feeding the external price?

The obvious point where we can't maintain the peg anymore is GS price, and we have already agreed to not feed below it.

Why do you want to feed above GS if real price is lower, personal interests aside?

Feeding an arbitrary price that has nothing to do with market conditions is (once again) a kick in the ass of every smartcoin holder.

Why you always take the side of smartcoin holders ?
People are blocking to fight price manipulation so why should debt holder suffer from it?
Also bitshares community is already so small and not growing do you want to lose the next group ?
A major smartcoin holder has already said his opinion and blocking any movement to protect against price manipulation with the words .....I give a fuck if debt holders will get rekkt.
So why should debt holders give a fuck if he is losing his pegg if its him blocking any protection against price manipulation.

Where is your solution or discussion for price manipulation btw ?
Why don't you get upset that bitshares debt holders get rekkt because of price feed manipulation ?

Haven't seen any active discussion from you there.....only always if its about protecting the smartcoin.

1. I'm being paid for my work in smartcoins. Last year I took losses from bitUSD global settlement, now it looks like I'm losing in bitCNY due to price manipulation.
2. Smartcoins have guarantees that keep being broken over and over again, in the interest of margin position holders.
3. Smartcoin holders are being treated unfairly by the margin position holders. Margin position holders have the voting power from BTS that is no longer theirs, and they abuse that power to bend the rules in their favour.
4. The only price manipulation I'm aware of is the manipulation performed by feed providers. Many witnesses were coerced into manipulating prices by abuse of margin position holders' voting power.
5. I don't have a solution for price manipulation. What makes you think I should have one?
6. I don't get upset about debt holders because they took their chances and lost. Now they're complaining about markets being unfair. I didn't hear complaints when they were on the winning side. Complaining when you've bet on the wrong horse is lame.

See, I'm answering your questions. Now you answer mine. I asked first, btw.

Tonight I asked Clockwork how to make BTS great？ More investors, he said.
Good answer！！！
Why do investors invest in bts? Faith? No,   investors want to make money, not be eaten.
"Ah, this is the free market. Let them die naturally."
First , this is not a question of a free economy. Secondly, BTS is an experiment, and there are still many things to be improved.
At present, we only have 5000 active users, a large number of users have left. This is not their fault, but our fault, it is the fault of bts.
As clockwork said, more investors are needed, and we should focus on how to make investors more willing to invest in bts.
1、No longer pursue 100% peg of bitCNY，Allow CNY to fluctuate in order to attract a large number of investors and arbitrageurs with low risk preferences and to activate the market。
2、Gradually increase repurchase efforts to attract investors。
3、In addition, we should stimulate market activity like casinos to attract investors with high risk preference.(thinking)

Quote from: pc on September 25, 2019, 05:32:32 PM

Quote from: abit on September 25, 2019, 12:48:55 PM
stop maintaining the peg when we can't afford to maintain it.

The cost to maintain the peg "in all conditions" is simply too big for us. Better to give up at some point.

Who is "we" and "us", and what cost is associated with feeding the external price?

The obvious point where we can't maintain the peg anymore is GS price, and we have already agreed to not feed below it.

Why do you want to feed above GS if real price is lower, personal interests aside?

Feeding an arbitrary price that has nothing to do with market conditions is (once again) a kick in the ass of every smartcoin holder.

Why you always take the side of smartcoin holders ?
People are blocking to fight price manipulation so why should debt holder suffer from it?
Also bitshares community is already so small and not growing do you want to lose the next group ?
A major smartcoin holder has already said his opinion and blocking any movement to protect against price manipulation with the words .....I give a fuck if debt holders will get rekkt.
So why should debt holders give a fuck if he is losing his pegg if its him blocking any protection against price manipulation.

Where is your solution or discussion for price manipulation btw ?
Why don't you get upset that bitshares debt holders get rekkt because of price feed manipulation ?

Haven't seen any active discussion from you there.....only always if its about protecting the smartcoin.

1、yes,we have paid too much to maintain the peg of bitCNY and bitUSD.
2、It's time to think about giving up the peg of bitCNY and focus on dex.

Quote from: abit on September 25, 2019, 12:48:55 PM
stop maintaining the peg when we can't afford to maintain it.

The cost to maintain the peg "in all conditions" is simply too big for us. Better to give up at some point.

Who is "we" and "us", and what cost is associated with feeding the external price?

The obvious point where we can't maintain the peg anymore is GS price, and we have already agreed to not feed below it.

Why do you want to feed above GS if real price is lower, personal interests aside?

Feeding an arbitrary price that has nothing to do with market conditions is (once again) a kick in the ass of every smartcoin holder.

https://github.com/bitshares/bsips/issues/221

In my opiniom its taking responsabilty and some leadership.
Community is not allowed to protect itself from
manipulation because people have diffrent opinions and completly nothing is being done but just talking and suffering from obvious manipulations.

Do you see anybody else being active to look for a solution?

Quote from: abit on September 25, 2019, 12:48:55 PM
My idea is essentially to stop maintaining the peg when we can't afford to maintain it.

The cost to maintain the peg "in all conditions" is simply too big for us. Better to give up at some point.

You're scaring me @abit, I agree. But it's not consensus, is individual move. 

I am in favor of locking in the feed price to a reasonable position. BTS holders have suffered serious losses due to the false price offered by some external exchanges.