Author Topic: [Poll] BSIP59:Reduce MCR of bitCNY to 1.5  (Read 4413 times)

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Offline bitProfessor

  • reduce mcr  to 1.5, with one obvious benefit: bitCny is easier to produce.However, the current supply of bitCny has little impact.
  • The risk is very small.(like bitUsd)
  • i support it

Offline bench

As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
Reason?

Table shows debt based on MCR, when using debt to buy BTS and borrow again (10 times):

DEBT   MCR
8.51   1.1
6.26   1.15
4.87   1.2
3.95   1.25
3.32   1.3
2.85   1.35
2.50   1.4
2.22   1.45
2.00   1.5
1.82   1.55
1.67   1.6
1.54   1.65
1.43   1.7
1.33   1.75
1.25   1.8
1.18   1.85
1.11   1.9
1.05   1.95
1.00   2

MCR = 1.5 gives the debt position a slightly advantage, to compensate risks.
With MCR 1.6-1.75 (DEBT< MCR), the dept position has no real advantage.


when will it end, at 1.0?
MCR should end at 1.5, ccr can end at 1.0
« Last Edit: September 18, 2019, 07:56:26 pm by bench »
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Offline clockwork

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Offline bitProfessor

As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
Reason?

Offline bench

As low as possible & As high as necessary.
MCR = 1.5 is in the current system the best balance
Be part of the change and vote for the bitshares-vision proxy!

Offline bitcrab

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

1.14.215   Poll - BSIP59 - Reduce MCR of bitCNY to 1.5
1.14.216   Poll - BSIP59 - Keep MCR of bitCNY as 1.6

In my view, the logic for setting MCR should be:

As low as possible & As high as necessary.

From any perspective 1.5 is a safe enough MCR for bitCNY, and to reduce MCR become necessary when bitCNY is also in shortage and premium status.

Please vote according to your opinion.


« Last Edit: September 04, 2019, 02:38:50 pm by bitcrab »
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