let me tell you what had happend to SILVER first.
1. based BSIP18, when the fork happend, the SILVER holders can ask for a settlement at blackswan price immediately.
it's about 4000BTS/SILVER.(but the real price is about 1000BTS/SILVER, we have about 9000 SILVER available in the market.)
this will not stop only when we have enough efficient feed price from witness(maybe 7 or more).
2. about 5 days before the fork, I know this rule from somebody, I think it's unreasonable, and talk to others. but others think this rule is right.
after some discuss, I am disapoint and give up.
3. somebody who have know this rules begin buy SILVER from market, the SILVER price up to 3000 BTS/SILVER
4. when the fork happen, people sold SILVER, got BTS at price 4000 BTS/SILVER.
5. the witness act very slowly, after 24hours later, we got enough feed price from them. and the blood stop
6. somebody said nobody lose anyting at this accident. because these BTS which have sold belong to the system. so all BTS holders lose.
here is some question to the community:
1. do you think this is a flaw? or it's a right logic? personally I think it's very easy to avoid this from the code, the settlement shouldn't be allowd unless we got enough price feeds.
2. did you descipe all the rules changed because of BSIP18 really clearly? did you descipe this rule?where have you discuss these?
3. did the share holders really know these rule? and who reviewed these rules? who make the decition to change rule like this?
4. who will take responsibility for the fault?
5. how do you avoid next mess up?