Author Topic: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01  (Read 2204 times)

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Offline yvv

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #15 on: April 19, 2019, 12:25:42 pm »
the only way can help increase the supply is provide more real money support BTS.

This is very unlikely going to happen (about 0% chance). Real money goes to ether. Even bitshares creator realized this and made ICO for his new project on ether. Bitshares does not have any killer features anymore. The train is gone.

Offline xeroc

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #16 on: April 23, 2019, 07:20:17 am »
This is very unlikely going to happen (about 0% chance). Real money goes to ether. Even bitshares creator realized this and made ICO for his new project on ether. Bitshares does not have any killer features anymore. The train is gone.
DanL actually wanted to run the crowdsale on bitshares. His business partners apparently didn't want to.
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Offline yvv

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #17 on: April 23, 2019, 12:40:50 pm »
This is very unlikely going to happen (about 0% chance). Real money goes to ether. Even bitshares creator realized this and made ICO for his new project on ether. Bitshares does not have any killer features anymore. The train is gone.
DanL actually wanted to run the crowdsale on bitshares. His business partners apparently didn't want to.

And they were right imo.

Offline xeroc

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #18 on: April 23, 2019, 01:03:03 pm »
And they were right imo.
Oh, don't get me wrong. I am super happy they didn't raise BTS tokens. Guess what would have happend to BitShares with B1 had a majority vote!?
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Offline bitcrab

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #19 on: April 26, 2019, 04:21:13 pm »


one interesting happen: BTS price fall from 0.06USD to 0.051, however the bitUSD supply increased.

this is what we need.

Offline Thul3

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #20 on: April 26, 2019, 04:23:57 pm »
What is there interresting ?
After the revive some people are moving back to bitusd as there are some opportunities on assets against bitusd.
Myself included.

Offline bitcrab

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #21 on: May 09, 2019, 10:35:57 am »
BTS need to encourage bitCNY supply when it is in obvious premium and shortage.

a lower MSSR can help to make the yellow order highly placed and create chance for traders to borrow more with low CR and get profit.

I have explained this idea at  https://bitsharestalk.org/index.php?topic=28367.0

there is a price called "switch price", at which BTS/bitCNY pair switch from "margin call orders is eaten instantly" to "yellow orders highly placed" status, this price is relevant to market depth, market emotion and MSSR, currently the switch price for bitCNY is about lower than 0.4CNY.

if the price is below switch price, traders get incentive to borrow more and buy BTS, however there is accumulated risk; if the price is above switch price, yellow orders will be eaten instantly and no risk accumulated, but traders are not so incentivized to borrow more.

for bitCNY it will be good to make the switch price  a little higher by lowering MSSR, it will encourage bitCNY supply and also lower the premium.

set MSSR=1.01 for bitCNY is a good choice, let's do that!

Offline bench

Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #22 on: May 09, 2019, 06:37:54 pm »
2.Seperate the Margin Call Ratio and the Maintenance collateral ratio.

The Margin call ratio mean:
if the Maintenance CR is 1.75, the margin call ratio is 1.6, people can't make their CR to 1.6, only can make their CR to 1.75. When their CR below 1.6, they will be margin called.

We can set a range of the margin call ratio from 1.6 to 1.35, people can change their margin call ratio from 1.6 to 1.35 as they wish.

When the price drop down 8.5%, the margin call could only happen at 1.6, as the Market Rebounds always, this provides the market with a large buffer as prices fall again.
This is a very good idea!

When price drops, there is on the first time no unnecessary margin call, on the other hand prevents the system from bad debt.
« Last Edit: May 09, 2019, 08:24:18 pm by bench »
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Offline bitcrab

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #23 on: May 13, 2019, 10:51:43 am »
“when bitCNY is in an obvious premium, BTS longs will get advantages in the long-short game.”

if we can make this happen, we will give incentive for bitCNY supply and good pegging.

I believe reducing MSSR to 1.01 will help to get this.

Offline finn-bts

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #24 on: May 13, 2019, 01:42:48 pm »
“when bitCNY is in an obvious premium, BTS longs will get advantages in the long-short game.”

if we can make this happen, we will give incentive for bitCNY supply and good pegging.

I believe reducing MSSR to 1.01 will help to get this.
Agree and vote for it

Offline bitcrab

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #25 on: May 18, 2019, 01:11:57 am »
1.14.181 is voted active.

BEOS voted it.



Offline abit

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #26 on: May 18, 2019, 10:19:02 am »
1.14.181 is voted active.

BEOS voted it.
BEOS changes votes at all times. IMHO they're not serious at all.
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Offline bench

Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #27 on: May 18, 2019, 11:49:15 am »
MSSR of 1.01 makes sense for bitCNY, support!
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Offline abit

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #28 on: May 19, 2019, 08:28:03 pm »
IMHO it's more reasonable to compare votes of all the related workers:

* 1.14.168 Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02,                      834,717,273 votes
* 1.14.144 Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05,            799,257,175 votes
* 1.14.181 Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01,                      483,677,666 votes
* 1.14.169 Poll - BSIP59 - Do Not Reduce MSSR of bitCNY                       243,231,913 votes

Apparently 1.14.168 has the highest support. So my conclusion is we should set the parameter to 1.02.

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Offline bitcrab

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Re: [Poll] BSIP59:Reduce MSSR of bitCNY to 1.01
« Reply #29 on: May 25, 2019, 03:56:56 pm »
As 1.14.169 expired, a new WP is created to replace it:

1.14.191   Poll - BSIP59 - Do Not Reduce MSSR of bitCNY to 1.01

If you are against to reduce MSSR of bitCNY to 1.01, please vote 1.14.191