Author Topic: [POLL]BAIP8 : Reduce price threshold by 30% for bitcny  (Read 2312 times)

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Offline bitcrab

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Re: [POLL]BAIP8 : Reduce price threshold by 30% for bitcny
« Reply #30 on: July 30, 2020, 07:12:02 am »
maybe we need to consider another kind of road to reach the target, say, reduce the threshold at 2% every week, then the threshold will be 0.15CNY 4 months later, and minimize the hurt to the debt position owners as well.

Offline optionswallet

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Re: [POLL]BAIP8 : Reduce price threshold by 30% for bitcny
« Reply #31 on: July 30, 2020, 01:38:13 pm »
Or  I can to propose another way
No one step back

Vote for me as your proxy "options-wallet".
Hit the menu - Voting - fill Proxy column - press save

Offline R

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Re: [POLL]BAIP8 : Reduce price threshold by 30% for bitcny
« Reply #32 on: July 30, 2020, 08:16:39 pm »
do not support this, it will hurt a big group one more time.
to optimize the system, firstly need to find a chance to lower the USD threshold to be equal to that of CNY.

I now changed my idea, I'd like to support this kind of proposal.

I have expected that BTS price can be up 0.22CNY without much difficulty. so bitCNY can return to peg naturally, but what happened is not what I expected.

Now although bitCNY has big supply, but it's more like a game.

reducing threshold from 0.22 to 0.154 will hurt debt position owners, but maybe  this is not avoidable, and is better than continuing the offpeg.

we have hurt bitCNY holders for the future of BTS, can't we hurt debt position owners for the same?

actually I don't think it's easy to get enough voting power that support this, maybe it's better to do the same for bitUSD?
Finally after we drop out of top 100 you realize that scamming BTS, bitUSD & bitCNY holders and degrading the BSIP/BAIP/Voting processes has been extremely damaging to Bitshares, great!

The answer isn't to double down on scamming via BSIP76. End the fraudulent bitasset pegs.

Offline binggo

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Re: [POLL]BAIP8 : Reduce price threshold by 30% for bitcny
« Reply #33 on: August 09, 2020, 09:10:02 am »
I give a advice to recover the feed prices of bitusd:

Set the temporary feed price= X*0.0345 +Y*(bts/bitusd price of DEX + CEX price)

X+Y=1

Increase Y 1%/day

bts/bitusd price of DEX<=0.0345

If the temporary feed price<=1.01*CEX price, recover the feed price;

If the CALL PRICE of first margin position<=CEX price, recover the feed price;

If the CEX price>=0.0345, recover the feed price;
« Last Edit: August 09, 2020, 09:13:46 am by binggo »

Offline R

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Re: [POLL]BAIP8 : Reduce price threshold by 30% for bitcny
« Reply #34 on: August 11, 2020, 05:18:51 pm »
Feed the real bitcny price. There is no alternative solution.

Offline Thul3

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Re: [POLL]BAIP8 : Reduce price threshold by 30% for bitcny
« Reply #35 on: August 11, 2020, 05:44:39 pm »
Feed the real bitcny price. There is no alternative solution.

Where was Abit or BEOS or co ?

Can't see them.They didn't needed cn-vote to get it fixed