Author Topic: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY  (Read 1512 times)

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Offline bitcrab

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[Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« on: May 18, 2019, 02:51:52 pm »
As the poll worker proposal 1.14.181 has been voted active and got more support than the "do not change" worker proposal 1.14.169, MSSR of bitCNY will change from 1.02 to 1.01.

The change will happen after  UTC 00:00 22th, May, 2019.

Every witness is requested to update the feeding script to publish 1.01 as MSSR of bitCNY, please do the job after UTC 00:00 22th, May, 2019 and finish before UTC 00:00 24th, May, 2019.

For more information about the poll for this change, please check https://bitsharestalk.org/index.php?topic=28294.0

Offline abit

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #1 on: May 19, 2019, 08:29:38 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.
Even 1.05 has much more support than 1.01
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Offline bitcrab

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #2 on: May 21, 2019, 04:14:15 am »
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.


Even 1.05 has much more support than 1.01

1.14.168 does not represent "1.02", it represent the operation of "reduction from 1.05 to 1.02", it lost effect after the reduction is done. now we only need to compare the two WPs - "reduce from 1.02 to 1.01" and "Do Not Reduce".

Offline Thul3

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #3 on: May 21, 2019, 05:27:41 am »
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.
Even 1.05 has much more support than 1.01

Agree on that

Offline bitcrab

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #4 on: May 21, 2019, 05:35:01 am »
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.
Even 1.05 has much more support than 1.01

Agree on that

That's not the correct logic, if you are against to reduce MSSR of bitCNY yo 1.01, please vote and lobby other voters to vote 1.14.169.

Offline zhouxiaobao

Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #5 on: May 21, 2019, 05:02:01 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.
Even 1.05 has much more support than 1.01

Agree on that

That's not the correct logic, if you are against to reduce MSSR of bitCNY yo 1.01, please vote and lobby other voters to vote 1.14.169.

Agree on that

Offline abit

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #6 on: May 21, 2019, 07:23:01 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.


Even 1.05 has much more support than 1.01

1.14.168 does not represent "1.02", it represent the operation of "reduction from 1.05 to 1.02", it lost effect after the reduction is done. now we only need to compare the two WPs - "reduce from 1.02 to 1.01" and "Do Not Reduce".
Then we should not reuse 1.14.169, but need to create a new worker e.g. "keep MSSR at 1.02".
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Offline bitcrab

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #7 on: May 22, 2019, 01:09:28 am »
Then we should not reuse 1.14.169, but need to create a new worker e.g. "keep MSSR at 1.02".

I don't see any difference.

voters, if you support to reduce MSSR of bitCNY to 1.01, please unvote 1.14.168 and 1.14.144 to eliminate the confusion.

Offline bitcrab

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #8 on: May 22, 2019, 03:34:44 am »
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.
Even 1.05 has much more support than 1.01

updated votes:
1.14.181   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01            584,525,311   
1.14.144   Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05   434,145,867   
1.14.168   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02            425,959,411   
1.14.175   Poll - BSIP59 - Do Not Reduce MCR of bitCNY              26,603,654   

Offline abit

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #9 on: May 23, 2019, 06:13:13 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.
Even 1.05 has much more support than 1.01

updated votes:
1.14.181   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01            584,525,311   
1.14.144   Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05   434,145,867   
1.14.168   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02            425,959,411   
1.14.175   Poll - BSIP59 - Do Not Reduce MCR of bitCNY              26,603,654

584M vs 4xxM. IMHO debatable.

By the way, 1.14.169 and 1.14.175 have same description, especially, no new "no" worker has been created for 1.14.181, voters may got confused. If now create a "no" worker, IMHO we need to extend the voting period.
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Offline zhouxiaobao

Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #10 on: May 24, 2019, 01:51:03 am »
The result of the vote is already clear.  For the sake of fairness, I don't think the voting period should be extended.

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #11 on: May 24, 2019, 06:06:36 am »

584M vs 4xxM. IMHO debatable.

By the way, 1.14.169 and 1.14.175 have same description, especially, no new "no" worker has been created for 1.14.181, voters may got confused. If now create a "no" worker, IMHO we need to extend the voting period.

sorry I wrongly adopted 1.14.175, the updated votes is:

1.14.181   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01            592,218,889
1.14.144   Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05   429,791,729   
1.14.168   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02 .          421,620,749   
1.14.169   Poll - BSIP59 - Do Not Reduce MSSR of bitCNY .           239,878,984   


Offline BTSMoon

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #12 on: May 24, 2019, 08:20:05 am »
Agree. Please change now.

Offline Fox

Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #13 on: May 24, 2019, 03:07:29 pm »
[...] updated votes is:

1.14.181   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.01            592,218,889
1.14.144   Poll-BSIP41-Reduce MSSR of bitCNY from 1.1 to 1.05   429,791,729   
1.14.168   Poll - BSIP59 - Reduce MSSR of bitCNY to 1.02 .          421,620,749   
1.14.169   Poll - BSIP59 - Do Not Reduce MSSR of bitCNY .           239,878,984

I feel 1.14.169 does not apply to the current question regarding reduce to 1.01 from 1.02, rather it was set regarding the previous reduction to 1.02 from 1.05 and therefore should not be considered at this time.  Further, there should have been a "Do Not Reduce MSSR of bitCNY from 1.02" when 1.14.181 was created to match the previous for/against voting set to allow voters to explicitly state their intentions on the single question.

Currently the 21 block producers are split 11/10 (1.02/1.01) on their feeds. The block producers are able to definitively resolve the outcome of the vote due to lack of clarity in the available Polls. 

I suggest to create a new set of polls:
1. Reduce MSSR of bitCNY from 1.02 to 1.01
2. Do Not Reduce MSSR of bitCNY from 1.02 to 1.01

I feel there is no short term harm to the market to remain on 1.02 at this time. This value represents the most recent vote which provided both for and against movement.
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Offline bitcrab

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #14 on: May 25, 2019, 03:59:55 pm »
A new WP is created to replace the expired 1.14.169:

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

I feel there is no short term harm to the market to remain on 1.02 at this time. This value represents the most recent vote which provided both for and against movement.

To reduce MSSR of bitCNY to 1.01 is not to resolve short term issues, it is to prepare for the next down trend.

Offline abit

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Re: [Announcement]Change of MSSR from 1.02 to 1.01 for bitCNY
« Reply #15 on: June 01, 2019, 12:31:08 pm »
591M vs 325M.

Updated my feed to 1.01
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