[Poll] BAIP2: Reform on bitEUR feed price mechanism

[bitcrab]

The time we locked the feed price is too long,  the first thing what we should do is remove the BSIP76 from bitusd!

surely this is another choice at this moment.

How many users support this and how many are against this?

[Imm_Ortal]

I couldn't find the poll in the UI.

How should I look for it?

[bench]

The time we locked the feed price is too long,  the first thing what we should do is remove the BSIP76 from bitusd!

Support!

[binggo]

The time we locked the feed price is too long,  the first thing what we should do is remove the BSIP76 from bitusd!

[litepresence]

If you didn't have the ability to resolve the problem of bitcny

You seem to miss the point that bitcny has no problem, it is working perfectly in bitcrab's world:

Issue bitcny to yourself at significant discount... NEVER get margin called on bad debt because the biggest debt holder makes all the rules on debt issuance.   Then just sell it to unsophisticated ignorant "investors" at 1:1 CNY on various scam chinese sites... and lock in his power with leveraged collateral voting on recycled debt and use of exchange cold storage.

bitEUR just isn't a fully functional scam.... yet!

[binggo]

Fooish and stupid!!!

If you didn't have the ability to resolve the problem of bitcny and bitusd now, you shouldn't touch any bitasset again!!!

If the price of bts drop again, which price didn't you want to lock the biteur? which bitasset do you want to reform the BAIP2 again?

BAIP2 is a failed mechanism which has been proved by the market, how you and you small team can't realize the truth until now？！

bitEUR now suffer great suppression in supply and liquidity by force settlement.

Set force settlement offst to 5%， then you will get what you want：the supply and liquidity！

Oh，i forgot，you and your small team love force settlement so mush, so you want to use BAIP2 to shit every bitasset one by one!

So much stablecoins in the world, please use your brain to see and learn！

[litepresence]

I propose to rename bitassets to crabshitcoins, then report OP to SEC for yet another attempt at market manipulation.   

https://github.com/bitshares/bsips/pull/249

Re-add BSIP-83: Decouple BitAssets from Platform Governance Process #249
 Open   pmconrad wants to merge 1 commit into bitshares:master from pmconrad:bsip83

https://www.sec.gov/news/press-release/2020-89

Press Release
SEC Awards Over $27 Million to Whistleblower
Amounts Awarded to Whistleblowers by SEC Now Exceed $400 Million
FOR IMMEDIATE RELEASE
2020-89

Washington D.C., April 16, 2020 —
The Securities and Exchange Commission today announced an award of more than $27 million to a whistleblower who alerted the agency to misconduct occurring, in part, overseas.  After providing the tip to the Commission, the whistleblower provided critical investigative leads that advanced the investigation and saved significant Commission resources.

“This award marks several milestones for the program,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.  “This is the largest whistleblower award announced by the Commission this year, and the sixth largest award overall since the inception of the program.  This award also brings the total amount awarded to whistleblowers by the SEC over the $400 million mark.” 

The SEC has awarded approximately $425 million to 79 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.

As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower’s identity.

For more information about the whistleblower program and how to report a tip, visit www.sec.gov/whistleblower.

[abit]

@bitcrab: please don't try to play with the parameters of bitEUR. Leave it to the westerns. Thanks.

[R]

BAIP 2 was proven a failure due to BSIP76 twice intervening. SCAM

[bench]

To apply BAIP2(https://github.com/bitshares/baips/blob/master/baip-0002.md) on bitEUR will lessen the suppression in supply and liquidity and will activate the ecology of bitEUR.

You wanna now also destroy bitEUR after bitCNY and bitUSD, with your communist shit ?

[Thul3]

ok, but this :

Code: [Select]

If (current price >  two-day moving average price) {
  feed price = current price;
}
Else{
  feed price = two-day moving average price;
}
brings nothing new to the case

Correct that's why i voted against it and because we gave the promise after BSIP76 to not touch biteur and bitruble

[fractalnode]

BAIP2 can be helpful during short price drops.
But to fight the abuse of Force Settlement, a good tool is to Delay its execution.
That's why I am asking you to start this tool and increase Settlement Delay from 24h to 42h

delay won't work because there are no bts on the market.Noone willing to sell BTS against biteur.
So the only possibility to accuire more BTS via debt is force settlement.
Delay won't change anything on a non liquid market


Short price drops are also not a problem in biteur.
CR's there are over 4.5

I'm not saying that this is the only possible way.
I claim that this is an important ingredient in the fight against abuse of this functionality. We still have settlement offset available, but this should be as small as possible.
That is why I think that if we increase the Delay to 42h and additionally raise the Settlement Offset, e.g. to 2% 3% (max), it can bring favorable results.

Delay introduces an additional risk element to consider if you want to use this feature. Within 2 days a lot can happen with the price, which is why more people may want to buy BTS from the market at the current market price or slightly higher → and here arbirage occurs, which is why the price increases on CEX


in less than a month we have halving, and with the increasing price of BTC
BAIP2 is irrelevant for situations where Force Settlement is abused

besides, we have 4 popular MPA tokens
let the different settings show us what works best

Delay is increasing risk that's correct but in biteur there is no other option to gain BTS other than force settlement.You can't buy BTS from market as there are no sellers.Increasing offset will only make that price on market will increase to new settlement price or above making biteur more unpegg.

ok, but this :

Code: [Select]

If (current price >  two-day moving average price) {
  feed price = current price;
}
Else{
  feed price = two-day moving average price;
}
brings nothing new to the case

But increasing Delays, reduces the number of risk takers - that's certain.

And when it comes to Offset, you definitely know that the credit is taken at Feed Price, and the Force Settlement is at the price:
Feed Price + Force Settlement and this discourages, of course not everyone.

The third tool we have is a larger fee for Force Settle, but it should not be flat, it should be relative if it is to be fair. Otherwise it favors the rich.

[Thul3]

BAIP2 can be helpful during short price drops.
But to fight the abuse of Force Settlement, a good tool is to Delay its execution.
That's why I am asking you to start this tool and increase Settlement Delay from 24h to 42h

delay won't work because there are no bts on the market.Noone willing to sell BTS against biteur.
So the only possibility to accuire more BTS via debt is force settlement.
Delay won't change anything on a non liquid market


Short price drops are also not a problem in biteur.
CR's there are over 4.5

I'm not saying that this is the only possible way.
I claim that this is an important ingredient in the fight against abuse of this functionality. We still have settlement offset available, but this should be as small as possible.
That is why I think that if we increase the Delay to 42h and additionally raise the Settlement Offset, e.g. to 2% 3% (max), it can bring favorable results.

Delay introduces an additional risk element to consider if you want to use this feature. Within 2 days a lot can happen with the price, which is why more people may want to buy BTS from the market at the current market price or slightly higher → and here arbirage occurs, which is why the price increases on CEX


in less than a month we have halving, and with the increasing price of BTC
BAIP2 is irrelevant for situations where Force Settlement is abused

besides, we have 4 popular MPA tokens
let the different settings show us what works best

Delay is increasing risk that's correct but in biteur there is no other option to gain BTS other than force settlement.You can't buy BTS from market as there are no sellers.Increasing offset will only make that price on market will increase to new settlement price or above making biteur more unpegg.

[fractalnode]

BAIP2 can be helpful during short price drops.
But to fight the abuse of Force Settlement, a good tool is to Delay its execution.
That's why I am asking you to start this tool and increase Settlement Delay from 24h to 42h

delay won't work because there are no bts on the market.Noone willing to sell BTS against biteur.
So the only possibility to accuire more BTS via debt is force settlement.
Delay won't change anything on a non liquid market


Short price drops are also not a problem in biteur.
CR's there are over 4.5

I'm not saying that this is the only possible way.
I claim that this is an important ingredient in the fight against abuse of this functionality. We still have settlement offset available, but this should be as small as possible.
That is why I think that if we increase the Delay to 42h and additionally raise the Settlement Offset, e.g. to 2% 3% (max), it can bring favorable results.

Delay introduces an additional risk element to consider if you want to use this feature. Within 2 days a lot can happen with the price, which is why more people may want to buy BTS from the market at the current market price or slightly higher → and here arbirage occurs, which is why the price increases on CEX


in less than a month we have halving, and with the increasing price of BTC
BAIP2 is irrelevant for situations where Force Settlement is abused

besides, we have 4 popular MPA tokens
let the different settings show us what works best

[Thul3]

BAIP2 can be helpful during short price drops.
But to fight the abuse of Force Settlement, a good tool is to Delay its execution.
That's why I am asking you to start this tool and increase Settlement Delay from 24h to 42h

delay won't work because there are no bts on the market.Noone willing to sell BTS against biteur.
So the only possibility to accuire more BTS via debt is force settlement.
Delay won't change anything on a non liquid market


Short price drops are also not a problem in biteur.
CR's there are over 4.5