Author Topic: [Poll] BSIP59:Reduce MCR of bitCNY to 1.5  (Read 734 times)

0 Members and 1 Guest are viewing this topic.

Offline bitcrab

  • Committee member
  • Hero Member
  • *
  • Posts: 1646
    • View Profile
  • BitShares: bitcrab
  • GitHub: bitcrab
[Poll] BSIP59:Reduce MCR of bitCNY to 1.5
« on: September 04, 2019, 02:24:15 pm »
Based on BSIP59, https://github.com/bitshares/bsips/blob/master/bsip-0059.md, now 2 poll worker proposals have been created:

1.14.215   Poll - BSIP59 - Reduce MCR of bitCNY to 1.5
1.14.216   Poll - BSIP59 - Keep MCR of bitCNY as 1.6

In my view, the logic for setting MCR should be:

As low as possible & As high as necessary.

From any perspective 1.5 is a safe enough MCR for bitCNY, and to reduce MCR become necessary when bitCNY is also in shortage and premium status.

Please vote according to your opinion.


« Last Edit: September 04, 2019, 02:38:50 pm by bitcrab »

Online bench

Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.5
« Reply #1 on: September 04, 2019, 08:59:40 pm »
As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
Be part of the change and vote for the bitshares-vision proxy!

Offline bitProfessor

Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.5
« Reply #2 on: September 18, 2019, 03:07:21 am »
As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
Reason?

Offline R

  • Hero Member
  • *****
  • Posts: 757
    • View Profile
Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.5
« Reply #3 on: September 18, 2019, 09:06:51 am »
when will it end, at 1.0?

Offline clockwork

  • Committee member
  • Sr. Member
  • *
  • Posts: 371
    • View Profile
  • BitShares: clockwork
Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.5
« Reply #4 on: September 18, 2019, 09:44:49 am »
when will it end, at 1.0?

0.5

Borrow 1. Get 1 free!

Online bench

Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.5
« Reply #5 on: September 18, 2019, 06:52:03 pm »
As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
Reason?

Table shows debt based on MCR, when using debt to buy BTS and borrow again (10 times):

DEBT   MCR
8.51   1.1
6.26   1.15
4.87   1.2
3.95   1.25
3.32   1.3
2.85   1.35
2.50   1.4
2.22   1.45
2.00   1.5
1.82   1.55
1.67   1.6
1.54   1.65
1.43   1.7
1.33   1.75
1.25   1.8
1.18   1.85
1.11   1.9
1.05   1.95
1.00   2

MCR = 1.5 gives the debt position a slightly advantage, to compensate risks.
With MCR 1.6-1.75 (DEBT< MCR), the dept position has no real advantage.


when will it end, at 1.0?
MCR should end at 1.5, ccr can end at 1.0
« Last Edit: September 18, 2019, 07:56:26 pm by bench »
Be part of the change and vote for the bitshares-vision proxy!

Offline bitProfessor

Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.5
« Reply #6 on: September 19, 2019, 12:36:02 am »
  • reduce mcr  to 1.5, with one obvious benefit: bitCny is easier to produce.However, the current supply of bitCny has little impact.
  • The risk is very small.(like bitUsd)
  • i support it