Author Topic: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY  (Read 1792 times)

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Offline binggo

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #15 on: November 29, 2018, 01:55:21 pm »
Raising MSSR to 120% is not a good idea, the 110%MSSR is a problem already, raising MSSR can't solve any problems.

how about raising MSSR to 200%, if someone these can solve all the problems?!

The shock therapy in RUSSIA is not what we need now, so we need the updated BSIP42.
« Last Edit: November 29, 2018, 01:59:15 pm by binggo »

Offline liondani

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #17 on: November 29, 2018, 02:01:00 pm »
Raising MSSR to 120% is not a good idea, the 110%MSSR is a problem already, raising MSSR can't solve any problems.

The shock therapy in RUSSIA is not what we need now, so we need the updated BSIP42.

It sure can! It will "force" the less collaterized  positions to add more collateral to avoid the "penalty", and it will induce more borrowers to participate to buy cheaper bts from the margin called positions ...
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Offline liondani

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #18 on: November 29, 2018, 02:04:31 pm »
Fractional reserve CNY here we come!

THIS ^^^

Practically it is. And that would be bad publicity for bitshares.
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Offline binggo

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #19 on: November 29, 2018, 02:10:56 pm »
Raising MSSR to 120% is not a good idea, the 110%MSSR is a problem already, raising MSSR can't solve any problems.

The shock therapy in RUSSIA is not what we need now, so we need the updated BSIP42.

It sure can! It will "force" the less collaterized  positions to add more collateral to avoid the "penalty", and it will induce more borrowers to participate to buy cheaper bts from the margin called positions ...

.....

how you think it sure can?! why MSSR is 110% not 120% or 150%? don't think something so simple.

The problem is not the BSIP42, no BSIP42, the bitusd still will be black swan in these sharp fall.

Do you think 120% MSSR will save bitusd? or 150% MSSR will save bitusd?

What happend to BITBTC? 120% or 150% can save BITBTC?  The BITBTC have BSIP42?
« Last Edit: November 29, 2018, 02:14:00 pm by binggo »

Online dirnet

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #20 on: November 29, 2018, 04:21:59 pm »
agree

Offline Thul3

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #21 on: November 29, 2018, 05:33:50 pm »
Even i'm an enemy of BSIP42 at current situation I temporarly support bitcrabs proposal for the good of the community till the bug is fixed to implement the other solution proposed by Stefan or till the MCR recovers.

Quote
That is just speculation... Nobody can guarantee they will not eat current margin.

It depends who is buying the margin.People buying margin to increase their stacke will definetly not decrease the price of BTS however giving the opportunity on such a big sell wall for arbitrage it would at current situation automaticly mean that people would buy cheap BTS at DEX to dump it on CEX with a profit which would lead to a price fall and creating bitcny with a 10% (MSSR)premium.
 
Making sure what bitcrab proposed to always have margin call price under real price feed (hopefully 1,5-2%) is a fair solution.It won't get the margin so quickly eaten but it will also not have a big negativ effect on BTS price on CEX.

What is important and which clockwork also mentioned on another thread is the quick update of the margin call price in a quick downfall so the open margin calls will eat the open buy orders instead of traders taking them away
« Last Edit: November 29, 2018, 06:03:07 pm by Thul3 »

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #22 on: November 29, 2018, 08:46:12 pm »
I support reduce MSSR to 2% instead of any complex feed price adjustment(manipulation)

Offline Thul3

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #23 on: November 29, 2018, 09:20:18 pm »
I support reduce MSSR to 2% instead of any complex feed price adjustment(manipulation)


Supporting it !

Offline binggo

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #24 on: November 29, 2018, 11:16:33 pm »
I support reduce MSSR to 2% instead of any complex feed price adjustment(manipulation)

i think this is not the good time to reduce MSSR to 2%,maybe need to wait the market change to well.

Offline finn-bts

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #25 on: November 30, 2018, 01:44:16 am »
I support reduce MSSR to 2% instead of any complex feed price adjustment(manipulation)
I think the BSIP42 this time is just an emergency plan, and there will be a better solution later.

Offline finn-bts

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #26 on: November 30, 2018, 01:45:53 am »
Even i'm an enemy of BSIP42 at current situation I temporarly support bitcrabs proposal for the good of the community till the bug is fixed to implement the other solution proposed by Stefan or till the MCR recovers.

Quote
That is just speculation... Nobody can guarantee they will not eat current margin.

It depends who is buying the margin.People buying margin to increase their stacke will definetly not decrease the price of BTS however giving the opportunity on such a big sell wall for arbitrage it would at current situation automaticly mean that people would buy cheap BTS at DEX to dump it on CEX with a profit which would lead to a price fall and creating bitcny with a 10% (MSSR)premium.
 
Making sure what bitcrab proposed to always have margin call price under real price feed (hopefully 1,5-2%) is a fair solution.It won't get the margin so quickly eaten but it will also not have a big negativ effect on BTS price on CEX.

What is important and which clockwork also mentioned on another thread is the quick update of the margin call price in a quick downfall so the open margin calls will eat the open buy orders instead of traders taking them away
Your decision is wise, thank you.

Offline bitcrab

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #27 on: November 30, 2018, 02:40:57 am »
Even i'm an enemy of BSIP42 at current situation I temporarly support bitcrabs proposal for the good of the community till the bug is fixed to implement the other solution proposed by Stefan or till the MCR recovers.

Quote
That is just speculation... Nobody can guarantee they will not eat current margin.

It depends who is buying the margin.People buying margin to increase their stacke will definetly not decrease the price of BTS however giving the opportunity on such a big sell wall for arbitrage it would at current situation automaticly mean that people would buy cheap BTS at DEX to dump it on CEX with a profit which would lead to a price fall and creating bitcny with a 10% (MSSR)premium.
 
Making sure what bitcrab proposed to always have margin call price under real price feed (hopefully 1,5-2%) is a fair solution.It won't get the margin so quickly eaten but it will also not have a big negativ effect on BTS price on CEX.

What is important and which clockwork also mentioned on another thread is the quick update of the margin call price in a quick downfall so the open margin calls will eat the open buy orders instead of traders taking them away

thanks for understanding

Offline liondani

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #28 on: November 30, 2018, 03:06:21 am »
Quote
What is important and which clockwork also mentioned on another thread is the quick update of the margin call price in a quick downfall so the open margin calls will eat the open buy orders instead of traders taking them away

If that can happen then bitcrabs proposal makes much more sense.
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Offline alt

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Re: [worker proposal] - Poll on implementing updated BSIP42 on bitCNY
« Reply #29 on: November 30, 2018, 03:18:37 am »
I support reduce MSSR to 2% instead of any complex feed price adjustment(manipulation)
I think the BSIP42 this time is just an emergency plan, and there will be a better solution later.
I don't understand why we need this temporary complex way when we just need to simple reduce the MSSR.
As my observation, it's already a very difficult task for those witness to give a reasonable real market price.
You should never  expect more from them.
We must limited the power from them or they will screw up again.