[Poll] BSIP59:Reduce MCR of bitUSD to 1.6

[sschiessl]

Message from Ryan Fox to the Witnesses

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.

[bench]

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?

[binggo]

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.

[bench]

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?

[alt]

I'll support reduce MCR to 1.6 for both CNY and USD after this have already executed in CNY.
but I will not support reduce from 1.6 for neither CNY nor USD.

[binggo]

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

[bench]

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.

[binggo]

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.

[bench]

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.

[Thul3]

Voted for it since a higher MCR than bitCNY makes bitUSD less attractiv and the timing doesn't have any effect on bitUSD with the small amount of debt holders.

at least you can vote both the for and against workers, to increase the participation rate, but let other voters to make the final decision.

agree on that

[binggo]

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.

[bench]

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%.

[binggo]

With a MSSR of 2% for bitUSD almost no margin position gets eaten.
MSSR of 2% works good for bitCNY but not for bitUSD.

I am not against a MCR of 1.6, but we also have to raise MSSR for bitUSD to a minium of 2.5% or better 3%, to reduce risks.

Margin position gets eaten was not determined by MSSR, must clear this.
How do think raise MSSR for bitusd to 2.5% or 3% even 10% will reduce the risk?  can you prove it？

[bench]

With a MSSR of 2% for bitUSD almost no margin position gets eaten.
MSSR of 2% works good for bitCNY but not for bitUSD.

I am not against a MCR of 1.6, but we also have to raise MSSR for bitUSD to a minium of 2.5% or better 3%, to reduce risks. 

[bitcrab]

I will not participate this voting because I am benefit related one.

every USD debt position owner, every USD holder is benefit related, you are not so special.

now USD is in higher premium and more serious shortage, lower liquidity than bitCNY. voters need to consider more on how to solve these questions and how to push the evolution ahead, less on how to avoid suspicion or keep political correctness.

at least you can vote both the for and against workers, to increase the participation rate, but let other voters to make the final decision.