Author Topic: I support the committee  (Read 173 times)

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Offline optionswallet

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I support the committee
« on: June 17, 2020, 05:54:42 pm »
I support the committee’s efforts to set a minimum feed of 0.22 BTS/bitCNY and 0.345 BTS/bitUSD

However, I propose to take a step into the future and start publishing feeds based on trading on the DEX, while forgetting once and for all about the CEX.
If a deal occurred at DEX at a price of 0.23 bitCNY we publish the feed of 0.23 BTS/bitCNY.
If a deal occurred at DEX at a price of 0.50 bitCNY, we publish the feed of 0.50 BTS/bitCNY. And let CEX do what they want to do.
At the same time, the minimum feed of 0.22 BTS/bitCNY remains.

Why to make us slaves of the CEX  the sixth year already.
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Offline chigbolu

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Re: I support the committee
« Reply #1 on: June 17, 2020, 06:53:06 pm »
I agree with this as well, the bitshares token price should be based on the price on the DEX where there is real volume

Offline Thul3

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Re: I support the committee
« Reply #2 on: June 17, 2020, 07:19:42 pm »
So a whale who got 10 million BTS will create debt and skyrocket the price + 100% with no price change on CEX.So what is the hard fiat price ?

Or the whale takes his 10 million BTS dumps the price down by 50% and collects margin calls for a cheaper price.

You would open an extremly dangerous loophole

Offline binggo

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Re: I support the committee
« Reply #3 on: June 17, 2020, 08:39:41 pm »
I support publish 10.0 bitcny/bts, i think this is the real price of bts :D, we should believe that, but the cex only is 0.6cny/bts, this is not the real price of bts.