[Poll] BSIP59:Reduce MCR of bitUSD to 1.5

[bitcrab]

I don't understand why it's so difficult to persuade big proxies to support this proposal.

some said"now my team advices not to vote, sorry."

some said"I am conservative, not tend to support this"

some whales tend to accumulate bitUSD, they benefit from the scarcity of bitUSD and do not like the growing of supply.

but the community suffer the scarcity of bitUSD, can't you support encourging more bitUSD which benefit the whole ecosystem?

as MCR 1.5 is high enough, and bitUSD is under GS protection, really no need to worry!

[finn-bts]

Ok, I'll vote for it

[bitcrab]

I hope everyone can understand the importance to reduce the cost to mint bitUSD and then encourage more supply.

please support this proposal.

1.5 is a high enough MCR, Maker DAI has adopted this value for long time and it works well.

with the help of GS protection, nothing to worry.

[BTSMoon]

Support!!!!!!!!!!!!!!!!!!!!!!!!!!!

[btstodamoon]

*I have a big mouth and wanna get banned*

Warning.

[binggo]

 Reduce MCR of bitUSD to 1.5 can't save it，only the big holder of bitusd can save it.

[bitcrab]

Based on BSIP59, https://github.com/bitshares/bsips/blob/master/bsip-0059.md, now 2 poll worker proposals have been created:

1.14.210   Poll - BSIP59 - Reduce MCR of bitUSD to 1.5
1.14.211   Poll - BSIP59 - Keep MCR of bitUSD as 1.6

We have to save bitUSD.

bitUSD is in illiquidity for long time, partly because the black swan hurt its brand seriously, partly because now bitCNY is in good liquidity and pegging so even less traders would like to trade in bitUSD.

However, we need to find ways to change this, to make bitUSD still play an important role in BTS financial ecosystem.

To reduce MCR of bitUSD to 1.5 will reduce the cost to mint bitUSD, hopefully this will attract users switch from CNY market to USD market, as MCR of bitCNY will be kept as 1.6 at the same time.

On the other hand, GS protection for bitUSD already worked to avoid the risk of black swan.

Please vote according to your opinion.
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智能货币的三个状态：

A:随爆随吃
B:黄单高悬
C:黑天鹅防护

bitCNY现在大部分情况下处于A状态，少量时间处于B状态，基本不进入C状态，比较健康。
bitUSD现在大部分情况下处于B状态，BTS价格较高的少量时间处于A状态，进入C状态的概率比较大，比较不健康。

Alt这类用户属于典型的低风险偏好型，有明显的尽量减少负债囤积智能货币的倾向，bitUSD供应量一直难以增加，加上bitCNY好得多的市场深度和活跃度更能吸引用户，如没有相对有力的措施，bitUSD将难以摆脱困局，这对整个生态是非常不利的。

bitUSD的黑天鹅防护已经生效，当前，通过降低MCR来促进bitUSD供应显得更加可行。