Author Topic: Proxy: xeroc  (Read 11482 times)

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Online sschiessl

Re: Proxy: xeroc
« Reply #105 on: July 26, 2018, 05:24:08 am »
@bitcrab

Can those thoughts be molded into a proper formulated worker proposal for OMO that describes the responsibilities?
So far OMO is only creating bitAssets and that's it, correct? That could probably be scheduled to happen at roughly always the same time or similar.

Offline xeroc

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Re: Proxy: xeroc
« Reply #106 on: July 26, 2018, 12:08:19 pm »
the committee-cnytrader consists of committee members from China community, I don't think we can find individuals in China who are more trustworthy and understand BTS more deeply than them,  if you find anyone of them is not trustworthy, you can suggest to unvote him.
Oh, i didn't imply that. Thanks for providing more clarity!
Will vote for it again.
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Offline xeroc

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Re: Proxy: xeroc
« Reply #107 on: July 29, 2018, 02:14:37 pm »
I am voting for the other infrastructure worker provided by apasia.tech: https://bitsharestalk.org/index.php?topic=26860.msg320421#msg320421
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Offline xeroc

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Re: Proxy: xeroc
« Reply #108 on: August 02, 2018, 10:38:36 am »
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Offline Thul3

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Re: Proxy: xeroc
« Reply #109 on: August 08, 2018, 09:44:35 am »
What sense does it make to vote back OMO when its still clearly being run by bitcrab ?

The OMO need strict rules and can't be run by bitcrab who is already controlling this large amounts of BTS.
« Last Edit: August 08, 2018, 10:02:40 am by Thul3 »

Offline Digital Lucifer

Re: Proxy: xeroc
« Reply #110 on: August 11, 2018, 04:32:05 am »
Why are you as Proxy and Commitee member being silent to these accusation and questions ?

Don't you feel you should explain why you still keep supporting Bitcrabs WP even there has nothing changed.

There are still no public rules or any transparency ?

Don't you have an obligation as proxy and commitee member to inform your voters why you decide this way ?

He did. Read above:

https://bitsharestalk.org/index.php?topic=20792.msg320357#msg320357
Milos (Mike) Preocanin - General Manager @ Syntek Solutions
TOANDI Co., LTD. (BOI Approved) - TAX ID: 0205549016913 - 95/5 Moo 4 Siam Country Club Rd.
Nong Prue, Bang Lamung, Chonburi 20250, Thailand.

Offline Digital Lucifer

Re: Proxy: xeroc
« Reply #111 on: August 11, 2018, 05:53:59 am »
He didn't since there is still no transparancy,no rules bitcrab is sticking to,high risk getting margin called,interference with
other fund,price manipulation,buying own margin call etc.....


There is nothing about it.
Asking myself why its so difficult for bitcrab to give away control of the commitee cnytrader account were abit made a great post how this can be solved .

The international community said at the beginning bitcrab is the wrong person holding that account based on his margin history and they were right.
He pushed the commitee accounts under a Ratio of 2 which is unacceptable and without any consensus of the community.
He had only the consensus of ebit and jademont who should be also responsable for not upholding the consensus

I believe thanks to bitcrab that CNY exists and has liquidity in the first place.
Milos (Mike) Preocanin - General Manager @ Syntek Solutions
TOANDI Co., LTD. (BOI Approved) - TAX ID: 0205549016913 - 95/5 Moo 4 Siam Country Club Rd.
Nong Prue, Bang Lamung, Chonburi 20250, Thailand.

Offline xeroc

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Re: Proxy: xeroc
« Reply #112 on: August 17, 2018, 06:53:14 am »
Couple things today:

1.)
Voted for witness btspp-witness: https://bitsharestalk.org/index.php?topic=26903.new#new

2.)
A rather long topic: CNY MSSR.
TL;DR; I removed my vote from gdex-witness, magicwallet.witness, and witness.yao.

I'd like to go a little into the details here: Certainly I would like this move to be temporary. The people behind those witnesses are good people and they are constantly delivering!
It is important to me to acknowledge the fact that it took me a day to come to a conclusion on how to deal with this situation. Unfortunately, I have not seen proper
discussion around the change of MSSR prior to these witnesses changing the parameter. Even though I understand that these have much more experience with the CNY
market (they brought in the volume to begin with) and thus should be given some "freedom" to experiment with their asset, I would have preferred to use current market conditions
to improve the governance system by establishing some processes instead of going forward with only a part of the community. The english speaking part of the community hasn't
been given notice and thus wasn't able to contribute to this rather important discussions - we are all sitting in the same boat.
Those wanting to look deeper into the topic should read through here: https://bitsharestalk.org/index.php?topic=26928.0;all

I'd like to emphasis again that I would love to put back the votes for those witnesses as they are delivering excellent work to the entire community. Let's learn how to deal with this together!
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Offline xeroc

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Re: Proxy: xeroc
« Reply #113 on: August 17, 2018, 08:57:13 am »
Another update:
I just voted for the Trusty community wallet worker: 1.14.117

They have provided quite some cool product already and have proven themselves before even asking for compensation!
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Offline xeroc

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Re: Proxy: xeroc
« Reply #114 on: Today at 07:37:17 am »
Given that there now is a bsip for MSSR and further discussion going on I believe it is the right step to reapprove
witnesses gdex-witness, magicwallet.witness, and witness.yao.
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Online gghi

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Re: Proxy: xeroc
« Reply #115 on: Today at 07:53:18 am »
使锚定资产更精确是BTS理事会的主要努力方向

  1BITCNY=1CNY    AND    1BITUSD=1USD

     The feed model does have a lot of things to adjust, and everyone is exploring.

    Making the anchor assets more precise is the main direction of the BTS Council.

1BITCNY=1CNY AND 1BITUSD=1USD




« Last Edit: Today at 07:57:29 am by gghi »

Online gghi

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Re: Proxy: xeroc
« Reply #116 on: Today at 08:11:52 am »
Recently, I have been studying the BTS problem, constantly looking through the forum posts, constantly thinking, thinking more and more clearly, gradually found that the BTS problem is not very big, in fact, it is very simple, but we lost ourselves.

Feeding price should answer how much BTS price is more reasonable, feeding price should actually be determined according to the demand of bitcny. The demand of bitcny determines the price of BTS, not the price of BTS determines the demand of BITCNY. If this relationship is straightened out, then the problem can be solved simply by determining the feeding price according to the market demand for bitcny.


In fact, the future market for bitcny is very big demand, so we just need to constantly adjust the BTS feeding according to demand. How to judge the demand for bitcny, the market will give us the answer, the drum charge rate, the exchange of bitcny trading prices can be referred to.

The problem is that the demand for bitcny is not effectively transmitted to the feed price. Our feed price only collects the price of the exchange. It is not that the exchange controls the feed price, but that we do not determine the reasonable feed price according to the demand of bitcny in time.



We just have to hold on to the market demand for smart money and let the market decide the price of BTS. Using the invisible hand, the charge rate, to dynamically adjust the feeding to improve anchoring accuracy, let 1 bitcny = 1 cny, and BTS succeeds.