Author Topic: suggestion for an offical market value management infrastructure  (Read 7571 times)

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Online bitcrab

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Re: suggestion for an offical market value management infrastructure
« Reply #15 on: March 09, 2018, 05:27:16 am »
This proposal would cover all current BitAssets or just CNY & USD?

apply to CNY and USD at first, do not want to cover other smartcoins currently as they have very low trading volumes.

Offline biotwang

Re: suggestion for an offical market value management infrastructure
« Reply #16 on: March 09, 2018, 05:53:44 am »
I agree with the BTS market mangement.

But I don't agree with below point of view:
-------
3. Borrow bitCNY/bitUSD by putting the bought BTS into collateral with high collateral ratio and continue to buy in BTS.
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I think some of bitCNY/bitUSD should be the fee when use them to Buy other coins but these BTS should not be COLLATERAL to borrow bitCNY/bitUSD.
Then there will be no risk for this account pool.
These BTS bought by fees should be locked for long time or forever, or use this as bonus for some development projects and projects like billionare project etc.

我主要想表达的是bitCNY/bitUSD可以作为交易费用,但是费用池中买回BTS不应该继续作为抵押。使得这个费用池出现任何风险都是不应该的。
而买回的BTS可以作为长期锁仓,或做长远项目费用拨备或支持类似billionare计划。
« Last Edit: March 09, 2018, 05:57:58 am by biotwang »

Offline Brekyrself

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Re: suggestion for an offical market value management infrastructure
« Reply #17 on: March 09, 2018, 06:54:04 am »
This proposal would cover all current BitAssets or just CNY & USD?

apply to CNY and USD at first, do not want to cover other smartcoins currently as they have very low trading volumes.

Would it not make sense to cover all markets to bootstrap liquidity?

Offline spiritabsolute

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Re: suggestion for an offical market value management infrastructure
« Reply #18 on: March 09, 2018, 07:00:36 am »
I agree. Obviously the current system does not work.

Offline zhaomu

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Re: suggestion for an offical market value management infrastructure
« Reply #19 on: March 09, 2018, 09:07:37 am »
Totally agree and support this idea. It it time to make a change and make bitshares great again. Wish this proposal can be approved and implemented ASAP.

Online bitcrab

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Re: suggestion for an offical market value management infrastructure
« Reply #20 on: March 09, 2018, 09:31:19 am »
I agree with the BTS market mangement.

But I don't agree with below point of view:
-------
3. Borrow bitCNY/bitUSD by putting the bought BTS into collateral with high collateral ratio and continue to buy in BTS.
-------
I think some of bitCNY/bitUSD should be the fee when use them to Buy other coins but these BTS should not be COLLATERAL to borrow bitCNY/bitUSD.
Then there will be no risk for this account pool.
These BTS bought by fees should be locked for long time or forever, or use this as bonus for some development projects and projects like billionare project etc.

我主要想表达的是bitCNY/bitUSD可以作为交易费用,但是费用池中买回BTS不应该继续作为抵押。使得这个费用池出现任何风险都是不应该的。
而买回的BTS可以作为长期锁仓,或做长远项目费用拨备或支持类似billionare计划。
I don't agree with you.
with enough higher collateral ratio(at least 3) the bought BTS can be put into collateral for borrowing bitCNY/bitUSD. the worst result is that the debt position is margin called and these BTS is selled out in a lower price, no further risks.
just locking BTS there is a waste of resource, with collateral it can add more power to the ecosystem.



Offline clockwork

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Re: suggestion for an offical market value management infrastructure
« Reply #21 on: March 09, 2018, 09:54:35 am »
supported at a fee of 0.1% and using committee-trade for execution

Offline szs484

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Re: suggestion for an offical market value management infrastructure
« Reply #22 on: March 09, 2018, 10:37:46 am »
我曾经建议提供阶梯抵押的功能
现在我仍然坚持这个提议
可作为控制风险的措施之一
而且我这个提议是完全市场化的
也交给用户自己选择的风险管控
功能详细介绍,见此贴:
https://bitsharestalk.org/index.php?topic=25557.0;topicseen.

Online Bangzi

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Re: suggestion for an offical market value management infrastructure
« Reply #23 on: March 09, 2018, 10:57:08 am »
如何看待巨蟹提议官方进行比特股市值管理?
https://www.bitask.org/question/2016
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Offline Victor118

Re: suggestion for an offical market value management infrastructure
« Reply #24 on: March 09, 2018, 12:00:26 pm »
 
Basically the problem is that the supply of smart assets does not depend on the demand, it depends on the borrowers.
Borrowers want to make profit, they are not interested in the total demand of smart assets, moreover to my knowledge there is no chart of the evolution of the demand for bitCNY for example?

The proposal is interesting, I support it.
But I wonder if it's enough.
At present, only DEX users create bitCny or BitUSD, besides the more these assets will be used outside the DEX, the more it will be necessary to create, asking DEX users to cover this demand is not realistic
I think an exchange like AEX should also offer the possibility to its users to short bitCNY.
I don't know if it's possible, but imagine a user-friendly widget for an exchange or any other loan service that would like to use Bitshares.
Obviously the possibility of putting Bitcoin or other cryptocurrencies as collateral would greatly assist in the massive adoption of Bitshares decentralized loan mechanism
In conclusion, we need more borrowers, I think we have to get them outside the DEX.
DEX users can cover internal demand but not demand from anywhere in the world.

Offline vegolino

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Re: suggestion for an offical market value management infrastructure
« Reply #25 on: March 09, 2018, 12:00:36 pm »
I had simple plan when I started margin trading, in case of margin call I could always sell some of my other crypto and buy bitUSD and repay the debt.
What I didn't realise that when it came to it that nobody wanted to sell their bitUSD in the BTS falling market.

Well it is clear enough to me that at present smart-coins are not working as intended  due to low liquidity as nobody wishes to create/sell  new ones in falling market.
I don't know if bitcrab proposal will fix it but it won't cause any harm so we should try it unless someone else comes with better proposal.
Thanks to bitcrab for putting proposal and starting convo as it was needed.

Kind Regards
aloha

Online bighotstar

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Re: suggestion for an offical market value management infrastructure
« Reply #26 on: March 09, 2018, 12:06:35 pm »
网上看到的,这里转载一下:
抵押爆仓怎么办,谁救?
 
手续费买来的BTS是要抵押的,只要抵押都有爆仓危险,如果连理事会的抵押都爆仓了,这个资金量(比如2-3亿的bts),我相信没人能救了吧。那时候发生的时候,我估计也是时候来次黑天鹅。

所以方案绝对是个定时炸弹,双刃剑,用的好大家都获利,用的不好,那BTS以后都别玩了,起不来了。

所以,看得出来稳定抵押的关键性,这个抵押率巨蟹定不小于3倍。如果小于3,收来的Bitcny用来还款,如果大于3,收来的Bitcny继续买BTS。这样,基本能抵抗一定的风险。

但是这种抗性不应急,因为对于过山车行情,暴跌往往发生在几夜间,如果没有资金存量的话,那暴跌期间是无法保证3倍抵押率的,因为几天收上来的Bitcny也就几百万,塞牙缝都不够。具体的买进卖出策略都是系统执行,不知道有没有资金池收集到一定程度后再抵押部分的策略,我没看到巨蟹有具体说道,但我强烈建议有。

Offline abit

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Re: suggestion for an offical market value management infrastructure
« Reply #27 on: March 09, 2018, 12:08:52 pm »
In conclusion, we need more money.
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BTS committee member: abit
BTS witness: in.abit

Online bitcrab

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Re: suggestion for an offical market value management infrastructure
« Reply #28 on: March 09, 2018, 01:37:13 pm »
supported at a fee of 0.1% and using committee-trade for execution

I prefer use 2  accounts to handle bitCNY and bitUSD trade separately, team members that handle the bitCNY trade need to be close to CNY market

Offline clockwork

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Re: suggestion for an offical market value management infrastructure
« Reply #29 on: March 09, 2018, 01:46:21 pm »
supported at a fee of 0.1% and using committee-trade for execution

I prefer use 2  accounts to handle bitCNY and bitUSD trade separately, team members that handle the bitCNY trade need to be close to CNY market

fair enough, no problem as long as multisig owners are agreed