Author Topic: Proxy: xeroc  (Read 23265 times)

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Offline BTSMoon

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Re: Proxy: xeroc
« Reply #195 on: July 15, 2019, 06:26:31 am »
Please Unvote 9 Witnesses that have No Feed Global Protection for BitUSD.

liondani, verbaltech2, delegate-1.lafona, xn-delegate, abc123, xman, fox, roelandp, in.abit

https://bitsharestalk.org/index.php?topic=28662.msg332430;topicseen#msg332430

Offline Thom

Re: Proxy: xeroc
« Reply #196 on: July 16, 2019, 02:59:29 pm »
Please Unvote 9 Witnesses that have No Feed Global Protection for BitUSD.

liondani, verbaltech2, delegate-1.lafona, xn-delegate, abc123, xman, fox, roelandp, in.abit

https://bitsharestalk.org/index.php?topic=28662.msg332430;topicseen#msg332430

It would be nice if you said what this Feed Global Protection is. Your call to unvote witnesses for some fictitious "protection" just shows how the need to reform expectations about GS.

There is NO SUCH THING as GS protection besides people learning to manage THEIR OWN collateral properly. This platform was built to provide trading safety for all participants, but UNDER THEIR OWN PERSONAL CONTROL.

Those who cry for price manipulation as a means of "GS Protection" are pushing their responsibility for collateral management onto others. It is  irresponsible and causes everyone to pay for it. Black Swan events will NOT STOP until this behavior is disincentivized. This is the 2nd black swan of BitUSD in under 1 year.

How long will this be tolerated? As long as those with voting power continue to allow the draining the reserve pool through subsidizing bad trading behavior of those who refuse to manage their collateral properly.

I have found no info that anyone has used the MCR fix (which took devs a very long time to implement, test and deploy into production) to control feeds better. Why not? Why ask for fake price feeds (changing prices ignoring feed sources, i.e. price manipulation) to protect a bad debt position?

Such repeated behavior is killing whatever integrity Bit Assets had on this platform. Just shows how far the Austrian economic principles of free trade have been corrupted in favor of mainstream Keynesian thinking that is destroying economies worldwide, and how short sighted people are in not seeing it occur right before their own eyes.

Until I see more responsible actions taken I have stopped feeding CNY and USD prices to remove this witness from participating in further corruption.

If you call for unvoting witnesses for not publishing specific feeds, make sure you also call for unvoting witnesses that refuse to publish ALL feeds (gdex-witness, abit, magicwallet.witness, xn-delegate, delegate.freedom, xman, witness.hiblockchain and sahkan-bitshares), or come up with a list of BitAsset feeds all witnesses must supply or be voted out. Such a list does not exist now, so calling for witness removal is premature based on which BitAssets feeds are or are not published.

Any idiot can call for unvoting anything, workers, witnesses, committee members etc, that is what we here in the USA call freedom of speech. Those same people show their lack of responsibility and ignorance by not providing good reasons, and those who blindly take such action without such reasons show they are simply order followers who do the bidding of their commanding overlords, just like the inhuman monsters that killed millions in Nazi Germany in WW2.

When will this attitude of violence, aggression and irresponsibility end? When good men step up and take action to stop it, and unfortunately I don't see much of that going on.
« Last Edit: July 16, 2019, 03:35:37 pm by Thom »
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline Thul3

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Re: Proxy: xeroc
« Reply #197 on: July 16, 2019, 03:06:49 pm »
Why this argumentation now and not before when GS Protection have been voted in ?
If something is voted in for months i would thought it will be implemented since i didn't saw any conter argument from witnesses till now.

Also i disagree about bad debt holders behavior.They took debt to push the ecosystem of bitshares.If some people start collecting all stablecoins from that bitassets and keep holding them even in a downtrend what do you want the debt holders to do if there is no USD they could buy in a reasonable price range ?

A few people and workers sucked out majority of USD.

Offline Thom

Re: Proxy: xeroc
« Reply #198 on: July 16, 2019, 03:21:30 pm »
Why this argumentation now and not before when GS Protection have been voted in ?
Am I the only one required to be responsible here Thule? I don't know why other witnesses failed to provide arguments, but I have been pushing against price manipulation since before the BSIP42 fiasco.

Also i disagree about bad debt holders behavior.They took debt to push the ecosystem of bitshares.If some people start collecting all stablecoins from that bitassets and keep holding them even in a downtrend
Would you please elaborate on this point? I don't understand it.

what do you want the debt holders to do if there is no USD they could buy in a reasonable price range ?
I want them to manage their own debt better. If they wish to trade in a volatile market, they need to increase their collateral. It's not a difficult concept to understand. Problem is traders see collateral as a limitation of how much profit they can gain rather than as a necessary means of providing trading safety in such markets.

A few people and workers sucked out majority of USD.
I believe that is irrelevant to discussion of GS "protection".
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline bitcrab

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Re: Proxy: xeroc
« Reply #199 on: August 09, 2019, 02:52:53 am »
hi, Fabian,

I hope you can support to reduce bitUSD MCR to 1.5 based on careful consideration.

bitUSD is ill, we need to find ways to help it to recover.

Dr. Brown has already published his first paper about smartcoin mechanism, although the research is based on a simple model, it give some conclusion that it make sense to set MCR<1.53 to incentivize smartcoin supply.

https://bitsharestalk.org/index.php?topic=28823.0

the risk of undercollateralization is very limited, especially when bitUSD is already under GS protection.

set USD MCR=1.5 and keep CNY MCR=1.6 will also attract capital from CNY market to USD market to help bitUSD to recover.

please support for a more prosperous ecosystem. thanks!

Email´╝Ü[email protected]

Offline sahkan

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Re: Proxy: xeroc
« Reply #200 on: August 09, 2019, 06:19:01 pm »
hi, Fabian,

I hope you can support to reduce bitUSD MCR to 1.5 based on careful consideration.

bitUSD is ill, we need to find ways to help it to recover.

Dr. Brown has already published his first paper about smartcoin mechanism, although the research is based on a simple model, it give some conclusion that it make sense to set MCR<1.53 to incentivize smartcoin supply.

https://bitsharestalk.org/index.php?topic=28823.0

the risk of undercollateralization is very limited, especially when bitUSD is already under GS protection.

set USD MCR=1.5 and keep CNY MCR=1.6 will also attract capital from CNY market to USD market to help bitUSD to recover.

please support for a more prosperous ecosystem. thanks!


This what he said about his particular paper numbers:
  • The specific numbers used in the paper (MSSR= 1.005, 1.01, 1.02 and MCR= 1.4, 1.5, 1.6) are to be taken with a grain of salt. I used them to illustrate the general shape of the problem, not to draw any specific conclusions about those particular parameter choices.

Offline xeroc

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Re: Proxy: xeroc
« Reply #201 on: August 20, 2019, 08:52:22 am »
Now voting for the Las Vegas Conference

https://bitsharestalk.org/index.php?topic=28450.0
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