Author Topic: Shorting Attack Protection?  (Read 988 times)

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Online bitProfessor

Re: Shorting Attack Protection?
« Reply #15 on: September 26, 2019, 01:00:54 am »
I agree we should protect if there are enough evidence proof CEX manipulate the price.
but it's too danger to totally ignore the price from CEX if the price continue drop.
I think give a higher price related to current price is much better than a bottom price, for example 10% higher,
this could stop mostly shorter attack, we can reduce this gap when the influence from mainipulate reduce.

https://bitsharestalk.org/index.php?topic=29641.0

Offline akledirs

Re: Shorting Attack Protection?
« Reply #16 on: September 26, 2019, 08:20:15 pm »
Again damage mechanismes which garantee collateral for MPA? BSIP42 was not enough? Again bitcrab? :(BTS RiP

Offline Imm_Ortal

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Re: Shorting Attack Protection?
« Reply #17 on: September 28, 2019, 11:08:55 pm »
If BitUSD is not pegged and is not collateralized, then what is it worth for?

If a BitUSD is worth a USD under the condition that BTS is increasing in price, then what's the point of holding BitUSD instead of Bts directly, for a new user?

Same for BitCNY.

What a misserable and coward spirit of a crawling crab who, is ready to damage the reputation of a system created as an alternative for all mankind, in order to save his ass, evading the consequences of his own rist appetite.

Offline Imm_Ortal

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Re: Shorting Attack Protection?
« Reply #18 on: September 29, 2019, 12:50:46 am »

Business models, for years, have been created on the premise that 1 BitUSD is pegged to 1 USD. And now, in a matter of a few days you want to turn them down because your greedy instinct burned your ass?

Online bitcrab

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Re: Shorting Attack Protection?
« Reply #19 on: September 29, 2019, 03:28:10 am »
If the exact peg finally lead BTS to 0, why should we insist on it?

smartcoin peg is one purpose of BTS, not all, or not at the highest priority.

we just found that BTS cannot afford smartcoin exact peg at any conditions, need to adjust the policy.

Online bitProfessor

Re: Shorting Attack Protection?
« Reply #20 on: September 29, 2019, 04:46:20 am »
If the exact peg finally lead BTS to 0, why should we insist on it?

smartcoin peg is one purpose of BTS, not all, or not at the highest priority.

we just found that BTS cannot afford smartcoin exact peg at any conditions, need to adjust the policy.
Agree

Offline Sapiens

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Re: Shorting Attack Protection?
« Reply #21 on: October 01, 2019, 06:05:03 pm »
If the exact peg finally lead BTS to 0, why should we insist on it?

smartcoin peg is one purpose of BTS, not all, or not at the highest priority.

we just found that BTS cannot afford smartcoin exact peg at any conditions, need to adjust the policy.

Because it is not the peg what drives Bts price down. Proof of this is that we have had sustained increases in dollar price without breaking the peg in the past.

What drives price down is the dumping on CEXs. Do you want to drive price up? Simply stop the dumping. Do you want to stop the dumping? Simply convince people that Bitshares is a reliable ecosystem.

Finally, you want to generate a long term damage to this network? Simply deteriorate people's faith on it. Just like you are doing right now.

Online bitcrab

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Re: Shorting Attack Protection?
« Reply #22 on: October 01, 2019, 06:20:39 pm »
If the exact peg finally lead BTS to 0, why should we insist on it?

smartcoin peg is one purpose of BTS, not all, or not at the highest priority.

we just found that BTS cannot afford smartcoin exact peg at any conditions, need to adjust the policy.

Because it is not the peg what drives Bts price down. Proof of this is that we have had sustained increases in dollar price without breaking the peg in the past.

it is, obviously.

the margin call mechanism provide chance to shorters.