Author Topic: [Poll] BSIP76:Set bitUSD feed threshold  (Read 728 times)

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Offline pc

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Re: [Poll] BSIP76:Set bitUSD feed threshold
« Reply #15 on: October 15, 2019, 11:34:42 am »
Sapiens has a point. Bsip76 is effectively taking a Globally Traded and long term marketed as stable asset and creating an artificial difference in its price, and that is being done in order to benefit a specific group of people.

Out of the top of my head I can think of at least 5 different reasons why this can make for a legal investigation.

I agree, absolutely.
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Offline binggo

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Re: [Poll] BSIP76:Set bitUSD feed threshold
« Reply #16 on: October 15, 2019, 12:29:27 pm »

Sapiens has a point. Bsip76 is effectively taking a Globally Traded and long term marketed as stable asset and creating an artificial difference in its price, and that is being done in order to benefit a specific group of people.

Out of the top of my head I can think of at least 5 different reasons why this can make for a legal investigation. I mean, think what would happen if Tether all of a sudden decided to devalue its coin by 10 or 20%!!!

Also, the regular protocol was violated when changing the price-feed and several claims of witnesses being forced to adjust the price-feed or to vote the Bsip have been ignored.

One thing that must be understood is that whatever change is done in the Bitshares protocol will have a small yet global effect already. Whoever proposes or implements something here, is dealing not only with his money, but also with someone else's. This is no children's game.

Finally, whoever doesn't want to be treated as a criminal, shouldn't act as one.

As i said before, if you don't like or understand something, just turn away, don't threat somebody with ridiculous legal reasons, just like a joke.

Some of you didn't find the real problem till now, just want to argue for something and didn't want doing somthing to help.

Don't think you are the only guy who is very clever.

Offline bitcrab

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Re: [Poll] BSIP76:Set bitUSD feed threshold
« Reply #17 on: October 15, 2019, 01:21:57 pm »
Sapiens has a point. Bsip76 is effectively taking a Globally Traded and long term marketed as stable asset and creating an artificial difference in its price, and that is being done in order to benefit a specific group of people.

Out of the top of my head I can think of at least 5 different reasons why this can make for a legal investigation. I mean, think what would happen if Tether all of a sudden decided to devalue its coin by 10 or 20%!!!

Also, the regular protocol was violated when changing the price-feed and several claims of witnesses being forced to adjust the price-feed or to vote the Bsip have been ignored.

One thing that must be understood is that whatever change is done in the Bitshares protocol will have a small yet global effect already. Whoever proposes or implements something here, is dealing not only with his money, but also with someone else's. This is no children's game. 

Finally, whoever doesn't want to be treated as a criminal, shouldn't act as one.

at that moment we have two choices:

1.leave things as they were, then highly possible BTS price will falll below 0.1 CNY, or even lower, bitCNY will peg well but BTS holders will suffer greatly.

2.implenent BSIP76, yes smartcoin peg off, bitCNY now has a discount of about 8%, but BTS price stop falling.

the community has learned for long time that the margin call mechanism is too friendly to shorting attack, if we just leave things as they were, BTS price will fall to 0 and what we talk will make no sense.

BSIP76 give up pegging in some conditions, which will help BTS to resist shorting attack, and reserve hope for stakeholders.

the initial design of smartcoin has problems, we need to update it, BSIP58 is this kind of change, BSIP76 too.

« Last Edit: October 15, 2019, 01:23:43 pm by bitcrab »

Offline sahkan

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Re: [Poll] BSIP76:Set bitUSD feed threshold
« Reply #18 on: October 15, 2019, 01:53:47 pm »
In reality, everyone that voted for price fixing conducted a 0 cost attack against all bitCNY and BitUSD holders. Essentially nothing that much different that ZB did.

Offline R

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Re: [Poll] BSIP76:Set bitUSD feed threshold
« Reply #19 on: October 15, 2019, 04:01:55 pm »
Sapiens has a point. Bsip76 is effectively taking a Globally Traded and long term marketed as stable asset and creating an artificial difference in its price, and that is being done in order to benefit a specific group of people.

Out of the top of my head I can think of at least 5 different reasons why this can make for a legal investigation.
Fully agree: https://bitsharestalk.org/index.php?topic=29659.msg336083#msg336083

The referenced Wikipedia article is quite sparse, could aid Bitshares' Wikipedia presence since BTS doesn't have a page anymore 😂
« Last Edit: October 15, 2019, 04:04:23 pm by R »

Offline Sapiens

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Re: [Poll] BSIP76:Set bitUSD feed threshold
« Reply #20 on: Today at 01:28:11 am »
After forced vacation from this forum, I am finally back!

Offline binggo

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Re: [Poll] BSIP76:Set bitUSD feed threshold
« Reply #21 on: Today at 01:38:25 am »
After forced vacation from this forum, I am finally back!
Welcome back!