Author Topic: [Poll] BSIP42: adjust price feed dynamically  (Read 1238 times)

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Offline bitcrab

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Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #15 on: August 29, 2018, 09:00:53 am »
https://github.com/bitshares/bsips/pull/106

add discussion and voting relevant content.

Did you see my post above? I did the exact same thing. Shall we merge the PRs?

oh, sorry I haven't checked your PR details when I write my PR, now seems my PR can be ignored...

Offline sschiessl

Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #16 on: August 29, 2018, 11:10:47 am »
Ok cool.

I have included the comment to use bitCNY first. Please have a look once and comment your support of the changes in the PR https://github.com/bitshares/bsips/pull/105 .

Offline bitcrab

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Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #17 on: September 15, 2018, 06:44:11 pm »
data at this moment:
bitCNY: BTS price:0.818, feed price:0.917, premium:0.1%
bitUSD: BTS price:0.115, feed price:0.119, premium: 4% 

BSIP42 worked fairly well on bitCNY, we need to apply it on bitUSD in the next step.

Offline sschiessl

Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #18 on: September 15, 2018, 06:50:23 pm »
Witnesses are still tweaking their algorithms. I think a little more time buffer would be well advised to have stable code base before moving to less liquid markets

Offline paliboy

Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #19 on: September 16, 2018, 11:21:30 am »
data at this moment:
bitCNY: BTS price:0.818, feed price:0.917, premium:0.1%
bitUSD: BTS price:0.115, feed price:0.119, premium: 4% 

BSIP42 worked fairly well on bitCNY, we need to apply it on bitUSD in the next step.

how did you calculate this premium?

Offline yvv

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Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #20 on: September 16, 2018, 11:39:57 am »
data at this moment:
bitCNY: BTS price:0.818, feed price:0.917, premium:0.1%
bitUSD: BTS price:0.115, feed price:0.119, premium: 4% 

BSIP42 worked fairly well on bitCNY, we need to apply it on bitUSD in the next step.

Bullshit! Right now

Feed price: 1.07539 BTS/CNY
Last price: 1.21065 BTS/CNY

(1.21065-1.07539)/1.07539~0.13, which is 13% premium, not 0.1%. Fix your calculator.


Offline bitcrab

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Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #21 on: September 16, 2018, 01:50:30 pm »
data at this moment:
bitCNY: BTS price:0.818, feed price:0.917, premium:0.1%
bitUSD: BTS price:0.115, feed price:0.119, premium: 4% 

BSIP42 worked fairly well on bitCNY, we need to apply it on bitUSD in the next step.

how did you calculate this premium?

for bitCNY one reference is the deposit fee in magicwallet, currently as shown below the deposit fee is -0.06%, means now the premium is -0.06, or bitCNY has a 0.06% discount.




on the other hand, you can also compare the BTS price in bitCNY and in fiat CNY to get the premium, same for USD.

Offline yvv

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Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #22 on: September 16, 2018, 05:23:37 pm »
This guy is trying to trick witnesses into preferring his private exchange for deriving a feed price. This is BULLSHIT! This is attack on the network, happening right now. This attack is initiated by few malicious committee members. Proxies, wake up and use your voting power to stop this!

Offline abit

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Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #23 on: September 16, 2018, 09:59:55 pm »
data at this moment:
bitCNY: BTS price:0.818, feed price:0.917, premium:0.1%
bitUSD: BTS price:0.115, feed price:0.119, premium: 4% 

BSIP42 worked fairly well on bitCNY, we need to apply it on bitUSD in the next step.

how did you calculate this premium?
You can also check here https://coinmarketcap.com/currencies/bitcny/ , remember to set CNY as base currency.

« Last Edit: September 16, 2018, 10:26:46 pm by abit »
BTS account: abit
BTS committee member: abit
BTS witness: in.abit

Offline Thul3

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Re: [Poll] BSIP42: adjust price feed dynamically
« Reply #24 on: September 17, 2018, 04:52:04 pm »
Quote
BSIP42 worked fairly well on bitCNY, we need to apply it on bitUSD in the next step.


BSIP42 is a total failure moving BitCNY directly and quickly to a global settlement.
We already have at this high BTS price a BTS sell wall of 21 million BTS on a CTR of 1.65 and the global settlement price will be already reached at 0.47 CNY .


This is fucking nuts what you guys are doing.You fucking play with everyones collateral.
You guys are clearly out of control and should be kicked out of commitee for these steps.....
In my private opinion to protect your own assets against margin call.


Quote
BSIP42 worked fairly well on bitCNY, we need to apply it on bitUSD in the next step.

Yeah lets quickly change bitusd too to protect your assets on bitusd too before people realise what shit they implemented and what its causing.
Hurry hurry to implement bitusd calling bsip42 after a few days a full success ignoring now the big margin walls we have in the smallest downtrend .
Once its changed it will stay like your fucking 5% settlement fee.

You deserve the price of the biggest manipulator on bitshares thinking being so smart to always be able to sell the community stupid trojan horses



« Last Edit: September 17, 2018, 06:08:51 pm by Thul3 »