Main > Stakeholder Proposals
[Poll] BSIP76:Set bitCNY feed threshold
R:
--- Quote from: bitcrab on March 31, 2020, 03:13:59 am ---interesting, why shall I trust you, not my eyes?
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https://www.nytimes.com/2020/04/02/us/politics/cia-coronavirus-china.html
https://www.bloomberg.com/news/articles/2020-04-01/china-concealed-extent-of-virus-outbreak-u-s-intelligence-says
https://www.bbc.co.uk/news/world-asia-china-52321529
https://www.youtube.com/watch?v=0CC6ChW-CQg
https://www.thetimes.co.uk/edition/news/no-10-drops-china-from-coronavirus-death-toll-list-dxfr92fdk
They hit their threshold and set a fixed feed like bitCNY 🤔
--- Quote from: bitcrab on March 31, 2020, 03:13:59 am ---we just updated the design of bitCNY, in old times bitCNY is a derivative that base on BTS real time price. now it is a derivative that base on one function of BTS price
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Without providing bitasset holders a vote, without changing the asset details nor website's technical documentation to reflect these changes. A cover up.
Why not instead buy more BTS to cover bad debt positions than defraud bitasset holders?
--- Quote from: bitcrab on March 31, 2020, 03:13:59 am ---surely this change hurt bitCNY holders, but it solve the death spiral and benefit BTS future. the decision is made mainly by China community, include most of the bitCNY holders.
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No doubt it hurt bitasset holders, 70%+ loss of asset value is a substantial second bailout of bad debtors without their permission. bitCNY is no longer a stable store of value for savers nor retail, new smartcoins are being created with substantially higher credibility than bitassets.
Death spiral is subjective, the spiral has already occurred for the asset holder not the bad debtor; global settlement at real prices would have provided an opportunity for traders, denying this core trading activity disincentivizes buying BTS at these high prices.
binggo:
--- Quote from: bitcrab on March 31, 2020, 03:13:59 am ---surely this change hurt bitCNY holders, but it solve the death spiral and benefit BTS future. the decision is made mainly by China community, include most of the bitCNY holders.
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This logic is very very stupid, this didn't solve anything and it's very harmful to the BTS future.
Don't blame that to the China community！
and how did you get this conclusion "include most of the bitCNY holders"?
Just want to beg the price arising to rescue, this is …… very pathetic!
bitcrab:
--- Quote from: R on March 30, 2020, 12:27:25 pm ---It's an identical problem - when faced with an unacceptable situation the outcome has been to repeatedly provide fake numbers.
Trust me when I say nobody believes China has solved the problem, they're simply lying about the figures, exactly like how BSIP76 proponents have behaved with bitCNY (provide fake numbers to escape an undesirable reality). https://www.youtube.com/watch?v=llgCCybOZoA
Why does my location matter? No courts are open; if I was in china would you be demanding my incarceration? Sad. I may or may not currently reside in the fully independent nation state of Taiwan.
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interesting, why shall I trust you, not my eyes?
we just updated the design of bitCNY, in old times bitCNY is a derivative that base on BTS real time price. now it is a derivative that base on one function of BTS price.
surely this change hurt bitCNY holders, but it solve the death spiral and benefit BTS future. the decision is made mainly by China community, include most of the bitCNY holders.
binggo:
--- Quote ---It's an identical problem - when faced with an unacceptable situation the outcome has been to repeatedly provide fake numbers.
Trust me when I say nobody believes China has solved the problem, they're simply lying about the figures, exactly like how BSIP76 proponents have behaved with bitCNY (provide fake numbers to escape an undesirable reality). https://www.youtube.com/watch?v=llgCCybOZoA
Why does my location matter? No courts are open; if I was in china would you be demanding my incarceration? Sad. I may or may not currently reside in the fully independent nation state of Taiwan.
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You are talking about the thing you didn't know, the thing also can be "Trump: 'You don't know what the coronavirus numbers are in USA', ".
This is political attacks and subject, you can talk about it in anywhere, but please not here.
--- Quote ---Stakeholder Proposals
Propose, discuss, and approve BitShares witnesses, workers, proxies, committee members, and other parameter changes.
--- End quote ---
R:
--- Quote from: bitcrab on March 30, 2020, 03:19:51 am ---
--- Quote from: R on March 30, 2020, 12:26:19 am ---
--- Quote from: bitcrab on March 29, 2020, 03:46:23 am ---In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.
You surely can say that US cheated the whole world, but the point is, at that moment US has no other choice.
BTS also face similar problem, BTS need first to survive, and then can seek more.
BitAssets are not created as a killer to BTS.
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BS. Global settlement would have nullified this bad debt issue & we'd likely have recovered by this point.
BitAssets weren't created to defraud the bitshares community, yet here we are - the committee owned bitassets now permanently disgraced scamcoins.
Shame on you for fundamentally destroying the integrity of bitassets permanently.
On the upside, at least we know now that china's lying about their covid figures since these bitCNY fixed feeds are seemingly fully acceptable to the CCP. Had you not led the bitassets to defraud the entire Bitshares community I might have taken the CN Covid figures at face value and not prepared as well as I did for this quarantine. Cheers mate 👍
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if you want to discuss bitCNY issue, let's focus on it, covid figures is another irrelevant problem.
and it's clear that China has solved internal problems and is now helping the whole world. as a Chinese that live in Shanghai I am clear what happened here.
BTW, where do you come from?
--- End quote ---
It's an identical problem - when faced with an unacceptable situation the outcome has been to repeatedly provide fake numbers.
Trust me when I say nobody believes China has solved the problem, they're simply lying about the figures, exactly like how BSIP76 proponents have behaved with bitCNY (provide fake numbers to escape an undesirable reality). https://www.youtube.com/watch?v=llgCCybOZoA
Why does my location matter? No courts are open; if I was in china would you be demanding my incarceration? Sad. I may or may not currently reside in the fully independent nation state of Taiwan.
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