Author Topic: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD  (Read 1236 times)

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Online bitcrab

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[Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« on: May 08, 2019, 09:38:48 am »
As the poll worker proposal 1.14.187 has been voted active and got more support than the "do not change" worker proposal 1.14.188, MCR of bitUSD will change from 1.75 to 1.6.

The change will happen after  UTC 00:00 13th, May, 2019.

Every witness is requested to update the feeding script to publish 1.6 as MCR of bitUSD, please do the job after UTC 00:00 13th, May, 2019 and finish before UTC 00:00 15th, May, 2019.

For more information about the poll for this change, please check https://bitsharestalk.org/index.php?topic=28352.0
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Offline finn-bts

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #1 on: May 08, 2019, 10:08:09 am »
Support for changes

Offline sahkan

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #2 on: May 08, 2019, 10:36:13 pm »
Actually    proposal 1.14.188 is also over the 400K refund worker so they are both voted in. I will not support unless there is a clear 25% difference in votes. We need more people to weigh in on this. Simply to create more BitUSD to buy your own margin calls is probably not the answer atm.

Offline Thul3

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #3 on: May 08, 2019, 10:45:56 pm »
1.14.188 is not voted in.

Offline finn-bts

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #4 on: May 09, 2019, 12:56:00 am »
Actually    proposal 1.14.188 is also over the 400K refund worker so they are both voted in. I will not support unless there is a clear 25% difference in votes. We need more people to weigh in on this. Simply to create more BitUSD to buy your own margin calls is probably not the answer atm.
The supporters of 1.14.188 are from BEOS. It is well known that they cannot represent the interests of the vast majority of shareholders, and their votes are personally emotional.

Offline sahkan

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #5 on: May 09, 2019, 06:22:06 am »
Actually    proposal 1.14.188 is also over the 400K refund worker so they are both voted in. I will not support unless there is a clear 25% difference in votes. We need more people to weigh in on this. Simply to create more BitUSD to buy your own margin calls is probably not the answer atm.
The supporters of 1.14.188 are from BEOS. It is well known that they cannot represent the interests of the vast majority of shareholders, and their votes are personally emotional.
The same can be said about people that voted for 1.14.187.

Offline sschiessl

Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #6 on: May 09, 2019, 07:24:13 am »
This highlights for me the need to specify in the BSIP the rules for acceptance / rejection similar to what has been done for  BSIP-42
https://github.com/bitshares/bsips/blob/master/bsip-0042.md#constant-voting-evaluation

Those BSIP would not be constantly evaluated as they reflect a one time decision, but rules for acceptance / rejection are clearly necessary.

Current voting state:
YES  363,854,977  (53,05% of given votes)
NO    321,904,221  (46,94% of given votes)

Brexit had less of a difference xD. Personally, I would consider this BSIP as accepted.
« Last Edit: May 09, 2019, 07:29:56 am by sschiessl »

Offline finn-bts

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #7 on: May 09, 2019, 08:54:25 am »
Actually    proposal 1.14.188 is also over the 400K refund worker so they are both voted in. I will not support unless there is a clear 25% difference in votes. We need more people to weigh in on this. Simply to create more BitUSD to buy your own margin calls is probably not the answer atm.
The supporters of 1.14.188 are from BEOS. It is well known that they cannot represent the interests of the vast majority of shareholders, and their votes are personally emotional.
The same can be said about people that voted for 1.14.187.
Only beos support 1.14.187

Offline yamtt

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #8 on: May 09, 2019, 03:48:22 pm »
Support for changes

Offline sahkan

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #9 on: May 09, 2019, 09:43:32 pm »
This highlights for me the need to specify in the BSIP the rules for acceptance / rejection similar to what has been done for  BSIP-42
https://github.com/bitshares/bsips/blob/master/bsip-0042.md#constant-voting-evaluation

Those BSIP would not be constantly evaluated as they reflect a one time decision, but rules for acceptance / rejection are clearly necessary.

Current voting state:
YES  363,854,977  (53,05% of given votes)
NO    321,904,221  (46,94% of given votes)

Brexit had less of a difference xD. Personally, I would consider this BSIP as accepted.

All right, I will give it another 24hrs and if the YES is still on top I will adjust.

Offline BTSMoon

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #10 on: May 10, 2019, 08:47:21 am »
Support for changes

Offline abit

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #11 on: May 13, 2019, 10:24:49 am »
Currently the "yes" worker has 367,597,451 votes and the "no" worker has 2,722,551 votes, at the same time the worker with highest support has 874,513,752 votes.

IMHO voter turnout of this subject is not sufficient (for me to decide to change). I will wait for more support.

Update (2019-05-19):
The "yes" worker now has 723,964,958 votes. Although I don't think BEOS's vote is serious, the other major voters who didn't vote for "yes"  (openledger,xeroc,blckchnd, clockwork and etc) also didn't vote for "no" after these days, so I think it's time for me to update my feed to 1.6.
« Last Edit: May 19, 2019, 08:49:33 pm by abit »
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Offline George_Bitspark

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #12 on: May 16, 2019, 12:39:03 pm »
No, dont support.
Bitspark- Remittance platform for money transfer businesses.

Offline binggo

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Re: [Announcement]Change of MCR from 1.75 to 1.6 for bitUSD
« Reply #13 on: May 16, 2019, 01:42:06 pm »
No, dont support.

Please give the reason? Committee!