Author Topic: bitCNY optimization committee proposal voting begins  (Read 20267 times)

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Offline Akado

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Will you also do market making on poloniex? I reckon it makes more sense doing it on chinese exchanges, but since polo has the volume
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Offline prebuffo

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Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?


@bitcrab

before this change the supply of bitCNY is less than 800K, now it is 1100K and keep on increasing...

going ahead,  bitCNY will be used as trade base in many markets.

Can you describe how the change has contributed to this?

We need more details to know this isn't just regular market movement.

in my view the logic is simple, because the change changed the expectation of the players, especially the shorters.

actually bitCNY can be used in many cases - to buy other assets in DEX, to deposit to btc38 just as fiat CNY, to just withdraw from transwiser - so there is always demand for BTS holders to short out bitCNY , but they always worry about being force settled, this worry prevent them from shorting.

now the 1% offset reduced the worry greatly and shorters have more incentive to short.

is it just regular market movement? I don't think so, in the weeks before and after the change, there's no other big change in BTS ecosystem that can make bitCNY supply increase at close to 50%, and we can see that bitUSD supply has no obvious change in  the same period.


So there are few things here.

You are saying that because of market support there is a reason for shorters to be creating bitCNY.

Following that you then said that the 1% offset reduced the worry of shorters.

So can you explain what the worry was that shorters had if there was already the market support as you described for bitCNY?


That's really not what he said.  What he said was that people wanted to short bitCNY but were concerned about being forced settled.  He also said the increase in bitCNY supply since adjusting the offset was not due to market movement considering bitUSD did not experience the same increase in supply during the same period.  I think he makes a compelling case, and perhaps we should consider the same adjustment for bitUSD (or even all BitAssets).
   

Yes absolutely, I agree

Offline cube

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last days bitcny was making huge volume in poloniex n good volume in dex...congratulations, clearly something improved.

Yes, congratulations to all.  This CNY tx uptrend is much needed and a breathe of fresh air.  We have a bit of a celebration here.
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Offline tbone

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Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?


@bitcrab

before this change the supply of bitCNY is less than 800K, now it is 1100K and keep on increasing...

going ahead,  bitCNY will be used as trade base in many markets.

Can you describe how the change has contributed to this?

We need more details to know this isn't just regular market movement.

in my view the logic is simple, because the change changed the expectation of the players, especially the shorters.

actually bitCNY can be used in many cases - to buy other assets in DEX, to deposit to btc38 just as fiat CNY, to just withdraw from transwiser - so there is always demand for BTS holders to short out bitCNY , but they always worry about being force settled, this worry prevent them from shorting.

now the 1% offset reduced the worry greatly and shorters have more incentive to short.

is it just regular market movement? I don't think so, in the weeks before and after the change, there's no other big change in BTS ecosystem that can make bitCNY supply increase at close to 50%, and we can see that bitUSD supply has no obvious change in  the same period.


So there are few things here.

You are saying that because of market support there is a reason for shorters to be creating bitCNY.

Following that you then said that the 1% offset reduced the worry of shorters.

So can you explain what the worry was that shorters had if there was already the market support as you described for bitCNY?


That's really not what he said.  What he said was that people wanted to short bitCNY but were concerned about being forced settled.  He also said the increase in bitCNY supply since adjusting the offset was not due to market movement considering bitUSD did not experience the same increase in supply during the same period.  I think he makes a compelling case, and perhaps we should consider the same adjustment for bitUSD (or even all BitAssets).
   

Offline bitsharesbrazil

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last days bitcny was making huge volume in poloniex n good volume in dex...congratulations, clearly something improved.
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Offline BunkerChainLabs-DataSecurityNode

Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?

@bitcrab

before this change the supply of bitCNY is less than 800K, now it is 1100K and keep on increasing...

going ahead,  bitCNY will be used as trade base in many markets.

Can you describe how the change has contributed to this?

We need more details to know this isn't just regular market movement.

in my view the logic is simple, because the change changed the expectation of the players, especially the shorters.

actually bitCNY can be used in many cases - to buy other assets in DEX, to deposit to btc38 just as fiat CNY, to just withdraw from transwiser - so there is always demand for BTS holders to short out bitCNY , but they always worry about being force settled, this worry prevent them from shorting.

now the 1% offset reduced the worry greatly and shorters have more incentive to short.

is it just regular market movement? I don't think so, in the weeks before and after the change, there's no other big change in BTS ecosystem that can make bitCNY supply increase at close to 50%, and we can see that bitUSD supply has no obvious change in  the same period.


So there are few things here.

You are saying that because of market support there is a reason for shorters to be creating bitCNY.

Following that you then said that the 1% offset reduced the worry of shorters.

So can you explain what the worry was that shorters had if there was already the market support as you described for bitCNY?
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Offline encoredrive

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« Last Edit: July 10, 2016, 09:16:15 am by encoredrive »

Offline prebuffo

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Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?

@bitcrab

before this change the supply of bitCNY is less than 800K, now it is 1100K and keep on increasing...

going ahead,  bitCNY will be used as trade base in many markets.

Can you describe how the change has contributed to this?

We need more details to know this isn't just regular market movement.

in my view the logic is simple, because the change changed the expectation of the players, especially the shorters.

actually bitCNY can be used in many cases - to buy other assets in DEX, to deposit to btc38 just as fiat CNY, to just withdraw from transwiser - so there is always demand for BTS holders to short out bitCNY , but they always worry about being force settled, this worry prevent them from shorting.

now the 1% offset reduced the worry greatly and shorters have more incentive to short.

is it just regular market movement? I don't think so, in the weeks before and after the change, there's no other big change in BTS ecosystem that can make bitCNY supply increase at close to 50%, and we can see that bitUSD supply has no obvious change in  the same period.

 +5% +5%


Offline bitcrab

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Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?

@bitcrab

before this change the supply of bitCNY is less than 800K, now it is 1100K and keep on increasing...

going ahead,  bitCNY will be used as trade base in many markets.

Can you describe how the change has contributed to this?

We need more details to know this isn't just regular market movement.

in my view the logic is simple, because the change changed the expectation of the players, especially the shorters.

actually bitCNY can be used in many cases - to buy other assets in DEX, to deposit to btc38 just as fiat CNY, to just withdraw from transwiser - so there is always demand for BTS holders to short out bitCNY , but they always worry about being force settled, this worry prevent them from shorting.

now the 1% offset reduced the worry greatly and shorters have more incentive to short.

is it just regular market movement? I don't think so, in the weeks before and after the change, there's no other big change in BTS ecosystem that can make bitCNY supply increase at close to 50%, and we can see that bitUSD supply has no obvious change in  the same period.


Email:bitcrab@qq.com

Offline BunkerChainLabs-DataSecurityNode

Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?

@bitcrab

before this change the supply of bitCNY is less than 800K, now it is 1100K and keep on increasing...

going ahead,  bitCNY will be used as trade base in many markets.

Can you describe how the change has contributed to this?

We need more details to know this isn't just regular market movement.
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+-+-+-+-+-+-+-+-+-+-+

Offline mike623317

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Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?

@bitcrab

before this change the supply of bitCNY is less than 800K, now it is 1100K and keep on increasing...

going ahead,  bitCNY will be used as trade base in many markets.

 +5% +5%

Offline bitcrab

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Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?

@bitcrab

before this change the supply of bitCNY is less than 800K, now it is 1100K and keep on increasing...

going ahead,  bitCNY will be used as trade base in many markets.
« Last Edit: July 09, 2016, 12:09:29 pm by bitcrab »
Email:bitcrab@qq.com

Offline Akado

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Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?

@bitcrab
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline prebuffo

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Hallo, again could you give us some feedback?

 Does this new settlement fee improve liquidity and interest in CNY?