Am requesting to all commitee members to remove bitcrab from the committee controlled open market operation fund.
Its a clear conflict of interrest and also the unnatural buy wall which is exectly near bitcrabs margin which is causing unnatural prices on DEX can't be tollarated anymore on a free market which DEX should be.
Today we saw a feed price of 1.06 but BTS price on DEX kept up on 1,084 and never moving down because of the big buy walls for 1 million BTS at 1.08 ,1.07 ,1.06 ,1.05 ,1.03 .
The fund should be used to buy BTS and not to create heavy buy walls which are not going to break.
Also why are the funds at bottom prices on the buy walls if he really wants to buy BTS ?
Thats a massiv abuse and also cheat on all traders who shorten BTS on a bear market to protect a persons own interrest.
No new bitasset was created so you can't tell us it was created to increase liquidity.
Also i'm very disappointed once again from all commitee members who let it happen
yes, the current ratio is a little lower, and when the new funds come, it will be used to increase the ratio.
but I do not agree that the buying wall are cheating and abuse.
what role will Bitshares play in the future? in my view it is "World Central Bank", to play this role we need to stabilize the market and increase the liquidity of the smartcoin, that's why I suggest to create the OMO.
frankly speaking, one of my purpose is to make BTS price above 6 CNY and never go down in half a year.
I hurt who shorten BTS on a bear market to protect a persons own interrest? maybe. why should OMO protect a person's interest who shorten BTS?
I had do many things, for example one is to increase the force settlement ratio to 1% or even more, this definitely will help the smartcoin generator but won't do good to a BTS shorter. to help the ecosystem to grow definitely we need to encourage the constructor of the ecosystem.
several days ago I had expected that the BTS price will be never go down to under 1CNY, but unfortunately it goes again, but in my watching, the key point is that several big debt positions, including mine, do not use the target collateral ratio feature, and that because the GUI that support the target CR feature do not come until several hours ago.
this give the speculator chance to short BTS and make BTS price go down, what we need to remove is the chance that shorters can use. please use the target CR ratio feature.