Hi guys.
I started to write a short message for a telegram, but the content increased so much that this forum post came out.
English is not my mother tongue, try to read my thoughts between lines ^^
What happens with a Force Settlement Delay of <=24h can be compared to "ignition advance angle"
in our engine this angle is zero or it is near zero
the engine is not running
for the engine to start, the following scenario must occur:
1) Force Settlement Delay must arouse *uncertainty as to whether it will be profitable or not and whether or not it would be better to buy from the market at a slightly higher price.
* Force Settlement is not a speculative tool, or at least it should not be. FS is a tool that sets the real price of an asset at the end of the day (or like a final judgment).
2) higher price on DEX, causes the appearance of DEX-CEX arbitration, even the manual one, because arbitration at DEXbot is still not ready [facepalm] - probably due to problems with financing or whatever ...
Only this step will start to push the price on CEX. Because outsiders will not buy BTS based on news. It is only when the DEX price starts to rise regularly and people from outside join it slowly - they will be attracted by the formation on the chart of small but stable growth - then they start reading about how.bitshares.works. - Who remembers new people on the telegram asking for beautiful organic growth? - I remember.
3) Loop in the form of a continuous hassle Force Settlement is like wheel slip in mud or on snow. This force should push us up, but it doesn't. To prevent this, we should change the delay periods in such a way that:
(-) 12h, 24h is for the time of market maturity, strong liquidity, bear market
(+) 34h, 42h, 48h, 55h at a time when the bull market wakes up, or when "the wheel is sliding".
In sum. The more bearish the market is, the lower the delay should be and vice versa. Today we should have at least 42h delay or more, in my opinion.
I also think that we should not touch such options as moving EMA, SMA for Settlement Offset, this should always be 1% as compensation, not fixed 3,5 or 8%
# auxiliary events are liquidity on DEX markets, e.g. to BTC, so that arbitration is possible at all. Besides, at this level of development we should have several dozen people using arbitration (DEX-CEX) with bots and several hundred people using bots on DEX. BitShares GUI and DEXBot should be like brother and sister to each other, and every single user should be aware that they can use their own bot on their own PC / Mac / Linux and even Android TV!
Please share your thoughts and comment