Author Topic: how to revive bitCNY?  (Read 1200 times)

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Offline Thul3

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Re: how to revive bitCNY?
« Reply #15 on: November 27, 2018, 09:12:57 pm »
Quote
When there is a debt position with 112% collateral ratio, Increasing MSSR to 112% or more will trigger GS immediately.

Why did you guys waited so long ?People asked for it for a long time and just once its not possible anymore you guys start replying ?

Offline bitcrab

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Re: how to revive bitCNY?
« Reply #16 on: November 28, 2018, 04:31:11 am »
positive feedback appear again.

margin called order eaten -> global settlement price come down-> feed price come down->more debt position margin called.

in several hours the margin called orders quantity changed from 70M+ to 90M+. and bitCNY become in premium again.

will it be better to set feed price = max(market price*MSSR, black swan protection price)?

Offline alt

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Re: how to revive bitCNY?
« Reply #17 on: November 28, 2018, 05:11:17 am »
positive feedback appear again.

margin called order eaten -> global settlement price come down-> feed price come down->more debt position margin called.

in several hours the margin called orders quantity changed from 70M+ to 90M+. and bitCNY become in premium again.

will it be better to set feed price = max(market price*MSSR, black swan protection price)?
it's just another UI bug when you saw the quantity changed from 70M to 90M
And we don't need to change feed price to market price * MSSR, instead it should be the commiittee's authority to tune the MSSR from 10% to 1% or something else to reduce the premium,
but still need to give some premium offter others help eatern the margin call orders.

Offline bitcrab

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Re: how to revive bitCNY?
« Reply #18 on: November 28, 2018, 05:26:10 am »
positive feedback appear again.

margin called order eaten -> global settlement price come down-> feed price come down->more debt position margin called.

in several hours the margin called orders quantity changed from 70M+ to 90M+. and bitCNY become in premium again.

will it be better to set feed price = max(market price*MSSR, black swan protection price)?
it's just another UI bug when you saw the quantity changed from 70M to 90M
And we don't need to change feed price to market price * MSSR, instead it should be the commiittee's authority to tune the MSSR from 10% to 1% or something else to reduce the premium,
but still need to give some premium offter others help eatern the margin call orders.

just urgent solution, possible to tune MSSR when things are stable and enough time to discuss/coordinate.

Online Bangzi

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Re: how to revive bitCNY?
« Reply #19 on: November 28, 2018, 07:17:53 am »
positive feedback appear again.

margin called order eaten -> global settlement price come down-> feed price come down->more debt position margin called.

in several hours the margin called orders quantity changed from 70M+ to 90M+. and bitCNY become in premium again.

will it be better to set feed price = max(market price*MSSR, black swan protection price)?
it's just another UI bug when you saw the quantity changed from 70M to 90M
And we don't need to change feed price to market price * MSSR, instead it should be the commiittee's authority to tune the MSSR from 10% to 1% or something else to reduce the premium,
but still need to give some premium offter others help eatern the margin call orders.

https://github.com/bitshares/bsips/issues/96
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Offline alt

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Re: how to revive bitCNY?
« Reply #20 on: November 28, 2018, 09:02:17 am »
again???
witness want to sell margin call orders at price 0.34 while market price at 0.332,
what's the problem with these witnesses?
please vote out.
Code: [Select]
发布人 清算价
( bitCNY/BTS) 手续费汇率
( bitCNY/BTS) 维持抵押率 强制平仓比例上限 发布时间
roelandp 0.3748 0.4498 1.75 1.1 9秒钟前
crazybit 0.3734 0.4668 1.75 1.1 12秒钟前
elmato 0.3743 0.4492 1.75 1.1 18秒钟前
gdex-witness 0.4238 0.5080 1.75 1.1 48秒钟前
witness.still 0.3757 0.4697 1.75 1.1 2分钟前
abc123 0.3754 0.4693 1.75 1.1 2分钟前
witness.hiblockchain 0.3734 0.4481 1.75 1.1 3分钟前
btspp-witness 0.3733 0.4483 1.75 1.1 3分钟前
openledger-dc 0.3734 0.3972 1.75 1.1 4分钟前
xman 0.3753 0.4634 1.75 1.1 4分钟前
delegate-zhaomu 0.3733 0.4479 1.75 1.1 5分钟前
blckchnd 0.3303 0.3468 1.75 1.1 5分钟前
magicwallet.witness 0.3736 0.4483 1.75 1.1 5分钟前
bangzi 0.3766 0.4707 1.75 1.1 6分钟前
bhuz 0.3716 0.3911 1.75 1.1 10分钟前
in.abit 0.3742 0.4797 1.75 1.1 12分钟前
witness.yao 0.3732 0.4478 1.75 1.1 13分钟前
xn-delegate 0.3737 0.4485 1.75 1.1 21分钟前
sahkan-bitshares 0.3743 0.4491 1.75 1.1 25分钟前
fox 0.3728 0.4474 1.75 1.1 45分钟前
zapata42-witness 0.3726 0.4471 1.75 1.1 1小时前
xeldal 0.3709 0.4451 1.75 1.1 1小时前
delegate.freedom 0.3699 0.4624 1.75 1.1 4小时前
« Last Edit: November 28, 2018, 09:05:56 am by alt »

Offline magicwallet-team

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Re: how to revive bitCNY?
« Reply #21 on: November 28, 2018, 09:29:15 am »
magicwallet-team is modifying the script...Will be finished tomorrow.

Will use this solution: feed price = max(market price, black swan protection price)

again???
witness want to sell margin call orders at price 0.34 while market price at 0.332,
what's the problem with these witnesses?
please vote out.
Code: [Select]
发布人 清算价
( bitCNY/BTS) 手续费汇率
( bitCNY/BTS) 维持抵押率 强制平仓比例上限 发布时间
roelandp 0.3748 0.4498 1.75 1.1 9秒钟前
crazybit 0.3734 0.4668 1.75 1.1 12秒钟前
elmato 0.3743 0.4492 1.75 1.1 18秒钟前
gdex-witness 0.4238 0.5080 1.75 1.1 48秒钟前
witness.still 0.3757 0.4697 1.75 1.1 2分钟前
abc123 0.3754 0.4693 1.75 1.1 2分钟前
witness.hiblockchain 0.3734 0.4481 1.75 1.1 3分钟前
btspp-witness 0.3733 0.4483 1.75 1.1 3分钟前
openledger-dc 0.3734 0.3972 1.75 1.1 4分钟前
xman 0.3753 0.4634 1.75 1.1 4分钟前
delegate-zhaomu 0.3733 0.4479 1.75 1.1 5分钟前
blckchnd 0.3303 0.3468 1.75 1.1 5分钟前
magicwallet.witness 0.3736 0.4483 1.75 1.1 5分钟前
bangzi 0.3766 0.4707 1.75 1.1 6分钟前
bhuz 0.3716 0.3911 1.75 1.1 10分钟前
in.abit 0.3742 0.4797 1.75 1.1 12分钟前
witness.yao 0.3732 0.4478 1.75 1.1 13分钟前
xn-delegate 0.3737 0.4485 1.75 1.1 21分钟前
sahkan-bitshares 0.3743 0.4491 1.75 1.1 25分钟前
fox 0.3728 0.4474 1.75 1.1 45分钟前
zapata42-witness 0.3726 0.4471 1.75 1.1 1小时前
xeldal 0.3709 0.4451 1.75 1.1 1小时前
delegate.freedom 0.3699 0.4624 1.75 1.1 4小时前

Offline abit

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Re: how to revive bitCNY?
« Reply #22 on: November 28, 2018, 10:09:43 am »
positive feedback appear again.

margin called order eaten -> global settlement price come down-> feed price come down->more debt position margin called.

in several hours the margin called orders quantity changed from 70M+ to 90M+. and bitCNY become in premium again.

will it be better to set feed price = max(market price*MSSR, black swan protection price)?
it's just another UI bug when you saw the quantity changed from 70M to 90M
And we don't need to change feed price to market price * MSSR, instead it should be the commiittee's authority to tune the MSSR from 10% to 1% or something else to reduce the premium,
but still need to give some premium offter others help eatern the margin call orders.
MSSR is a price feed parameter which can only be adjusted by witnesses, not the committee.

By the way, the "NO adjust" worker now has more votes than the "adjust" worker, according to the BSIP document, witnesses should not feed adjusted price right now.
« Last Edit: November 28, 2018, 01:31:07 pm by abit »
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Offline clockwork

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Re: how to revive bitCNY?
« Reply #23 on: November 28, 2018, 10:56:05 am »
positive feedback appear again.

margin called order eaten -> global settlement price come down-> feed price come down->more debt position margin called.

in several hours the margin called orders quantity changed from 70M+ to 90M+. and bitCNY become in premium again.

will it be better to set feed price = max(market price*MSSR, black swan protection price)?
it's just another UI bug when you saw the quantity changed from 70M to 90M
And we don't need to change feed price to market price * MSSR, instead it should be the commiittee's authority to tune the MSSR from 10% to 1% or something else to reduce the premium,
but still need to give some premium offter others help eatern the margin call orders.
MSSR is a price feed parameter which can only be adjusted by witnesses, not the committee.

By the way, the "NO adjust" worker has more votes than the "adjust" worker, according to the BSIP document, witnesses should not feed adjusted price right now.

No adjustment is pretty much instant GS no ?

Offline abit

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Re: how to revive bitCNY?
« Reply #24 on: November 28, 2018, 10:57:55 am »
positive feedback appear again.

margin called order eaten -> global settlement price come down-> feed price come down->more debt position margin called.

in several hours the margin called orders quantity changed from 70M+ to 90M+. and bitCNY become in premium again.

will it be better to set feed price = max(market price*MSSR, black swan protection price)?
it's just another UI bug when you saw the quantity changed from 70M to 90M
And we don't need to change feed price to market price * MSSR, instead it should be the commiittee's authority to tune the MSSR from 10% to 1% or something else to reduce the premium,
but still need to give some premium offter others help eatern the margin call orders.
MSSR is a price feed parameter which can only be adjusted by witnesses, not the committee.

By the way, the "NO adjust" worker has more votes than the "adjust" worker, according to the BSIP document, witnesses should not feed adjusted price right now.

No adjustment is pretty much instant GS no ?
It's very close to GS, but not yet.
BTS account: abit
BTS committee member: abit
BTS witness: in.abit

Offline alt

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Re: how to revive bitCNY?
« Reply #25 on: November 28, 2018, 10:58:17 am »
positive feedback appear again.

margin called order eaten -> global settlement price come down-> feed price come down->more debt position margin called.

in several hours the margin called orders quantity changed from 70M+ to 90M+. and bitCNY become in premium again.

will it be better to set feed price = max(market price*MSSR, black swan protection price)?
it's just another UI bug when you saw the quantity changed from 70M to 90M
And we don't need to change feed price to market price * MSSR, instead it should be the commiittee's authority to tune the MSSR from 10% to 1% or something else to reduce the premium,
but still need to give some premium offter others help eatern the margin call orders.
MSSR is a price feed parameter which can only be adjusted by witnesses, not the committee.

By the way, the "NO adjust" worker has more votes than the "adjust" worker, according to the BSIP document, witnesses should not feed adjusted price right now.
I known MSSR is a parameter of feed price, but it's not decide by the witness. witness just execute it.
witness known nothing about the trade.
it's already a difficult task for them to give the real market price.
« Last Edit: November 28, 2018, 11:00:11 am by alt »

Offline abit

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Re: how to revive bitCNY?
« Reply #26 on: November 28, 2018, 10:59:29 am »
positive feedback appear again.

margin called order eaten -> global settlement price come down-> feed price come down->more debt position margin called.

in several hours the margin called orders quantity changed from 70M+ to 90M+. and bitCNY become in premium again.

will it be better to set feed price = max(market price*MSSR, black swan protection price)?
it's just another UI bug when you saw the quantity changed from 70M to 90M
And we don't need to change feed price to market price * MSSR, instead it should be the commiittee's authority to tune the MSSR from 10% to 1% or something else to reduce the premium,
but still need to give some premium offter others help eatern the margin call orders.
MSSR is a price feed parameter which can only be adjusted by witnesses, not the committee.

By the way, the "NO adjust" worker has more votes than the "adjust" worker, according to the BSIP document, witnesses should not feed adjusted price right now.
I known MSSR is a parameter of feed price, but it's not decide by the witness. witness just execute it.
The committee only executes too. It decides nothing. Voters decide.
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Online btspp

Re: how to revive bitCNY?
« Reply #27 on: November 28, 2018, 11:04:50 am »
again???
witness want to sell margin call orders at price 0.34 while market price at 0.332,
what's the problem with these witnesses?
please vote out.
Code: [Select]
发布人 清算价
( bitCNY/BTS) 手续费汇率
( bitCNY/BTS) 维持抵押率 强制平仓比例上限 发布时间
roelandp 0.3748 0.4498 1.75 1.1 9秒钟前
crazybit 0.3734 0.4668 1.75 1.1 12秒钟前
elmato 0.3743 0.4492 1.75 1.1 18秒钟前
gdex-witness 0.4238 0.5080 1.75 1.1 48秒钟前
witness.still 0.3757 0.4697 1.75 1.1 2分钟前
abc123 0.3754 0.4693 1.75 1.1 2分钟前
witness.hiblockchain 0.3734 0.4481 1.75 1.1 3分钟前
btspp-witness 0.3733 0.4483 1.75 1.1 3分钟前
openledger-dc 0.3734 0.3972 1.75 1.1 4分钟前
xman 0.3753 0.4634 1.75 1.1 4分钟前
delegate-zhaomu 0.3733 0.4479 1.75 1.1 5分钟前
blckchnd 0.3303 0.3468 1.75 1.1 5分钟前
magicwallet.witness 0.3736 0.4483 1.75 1.1 5分钟前
bangzi 0.3766 0.4707 1.75 1.1 6分钟前
bhuz 0.3716 0.3911 1.75 1.1 10分钟前
in.abit 0.3742 0.4797 1.75 1.1 12分钟前
witness.yao 0.3732 0.4478 1.75 1.1 13分钟前
xn-delegate 0.3737 0.4485 1.75 1.1 21分钟前
sahkan-bitshares 0.3743 0.4491 1.75 1.1 25分钟前
fox 0.3728 0.4474 1.75 1.1 45分钟前
zapata42-witness 0.3726 0.4471 1.75 1.1 1小时前
xeldal 0.3709 0.4451 1.75 1.1 1小时前
delegate.freedom 0.3699 0.4624 1.75 1.1 4小时前
Since BSIP42 is voted out. Then btspp-witness will restore the way before BSIP42, and add the black swan protection price.
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Offline Bhuz

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Re: how to revive bitCNY?
« Reply #28 on: November 28, 2018, 12:05:43 pm »
Feeding max(real_price, gs_protection_price)
where gs_protection_price = gs_price * 1.12

Online Bangzi

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Re: how to revive bitCNY?
« Reply #29 on: November 28, 2018, 01:15:34 pm »
Bangzi and winex.witness new BitCNY price feed same as bhuz:

Feeding max(real_price, gs_protection_price)
where gs_protection_price = gs_price * 1.12
« Last Edit: November 28, 2018, 01:30:10 pm by Bangzi »
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