Author Topic: [Poll] BSIP59:Reduce MCR of bitUSD to 1.6  (Read 989 times)

0 Members and 1 Guest are viewing this topic.

Offline bench

  • Full Member
  • ***
  • Posts: 176
    • View Profile
Re: [Poll] BSIP59:Reduce MCR of bitUSD to 1.6
« Reply #15 on: May 07, 2019, 12:54:03 pm »
With a higher MSSR there is a bigger arbitrage opportunity and a bigger discount to the market.

MSSR for bitUSD should be at least 3%.
You didn't prove it.
The bigger the discount to feed price, the more people will take the discount.
At this point it's all speculation.
No speculation, this is how markets work.
This is just speculation,you can't prove it.
The market doesn't work as your speculation, the reality has proved it
No speculation, I have valid arguments and you have zero arguments so far.
Explain why a higher MSSR does not result in a higher chance to eat up the margin call?

Offline binggo

  • Hero Member
  • *****
  • Posts: 1229
    • View Profile
Re: [Poll] BSIP59:Reduce MCR of bitUSD to 1.6
« Reply #16 on: May 07, 2019, 01:14:18 pm »
With a higher MSSR there is a bigger arbitrage opportunity and a bigger discount to the market.

MSSR for bitUSD should be at least 3%.
You didn't prove it.
The bigger the discount to feed price, the more people will take the discount.
At this point it's all speculation.
No speculation, this is how markets work.
This is just speculation,you can't prove it.
The market doesn't work as your speculation, the reality has proved it
No speculation, I have valid arguments and you have zero arguments so far.
Explain why a higher MSSR does not result in a higher chance to eat up the margin call?

We have many years with MSSR=1.10, and you should find the result from the market, if you didn't find the result, i think the explain is doughy.

What is the market sentiment?and how did it works? and the margin call was eaten with which market sentiment?

If you understand this i think you will see.

The high MSSR is a cancer of the Bitasset.
« Last Edit: May 07, 2019, 01:15:57 pm by binggo »

Offline bench

  • Full Member
  • ***
  • Posts: 176
    • View Profile
Re: [Poll] BSIP59:Reduce MCR of bitUSD to 1.6
« Reply #17 on: May 08, 2019, 01:41:26 am »
With a higher MSSR there is a bigger arbitrage opportunity and a bigger discount to the market.

MSSR for bitUSD should be at least 3%.
You didn't prove it.
The bigger the discount to feed price, the more people will take the discount.
At this point it's all speculation.
No speculation, this is how markets work.
This is just speculation,you can't prove it.
The market doesn't work as your speculation, the reality has proved it
No speculation, I have valid arguments and you have zero arguments so far.
Explain why a higher MSSR does not result in a higher chance to eat up the margin call?

We have many years with MSSR=1.10, and you should find the result from the market, if you didn't find the result, i think the explain is doughy.

What is the market sentiment?and how did it works? and the margin call was eaten with which market sentiment?

If you understand this i think you will see.

The high MSSR is a cancer of the Bitasset.

We have a consensus about MSSR to be as low as possible and as high as needed?

Online sschiessl

Re: [Poll] BSIP59:Reduce MCR of bitUSD to 1.6
« Reply #18 on: May 13, 2019, 06:55:34 am »
Message from Ryan Fox to the Witnesses

Quote
NOTICE: Poll worker proposal 1.14.187 has been voted active and got more support than the "do not change" worker proposal 1.14.188, MCR of bitUSD will change from 1.75 to 1.6.

The change will happen after  UTC 00:00 13th, May, 2019.

Every witness is requested to update the feeding script to publish 1.6 as MCR of bitUSD, please do the job after UTC 00:00 13th, May, 2019 and finish before UTC 00:00 15th, May, 2019.