Merge pull request #105 from sschiessl-bcp/patch-2

Completion of this BSIP from a formal standpoint

bsip-0042.md

@@ -1,12 +1,9 @@
     BSIP: 0042
     Title: Adjust price feed to influence trading price of SmartCoins
     Author: Abit More <https://github.com/abitmore>
-    Status: Draft
+    Status: Up for voting
     Type: Protocol
     Created: 2018-08-22
-    Discussions: https://bitsharestalk.org/index.php?topic=26948.0
-                 https://bitsharestalk.org/index.php?topic=26315.0
-                 https://bitsharestalk.org/index.php?topic=26966.0
     Workers: 1.14.118 (pro), 1.14.119 (con)
 
 # Abstract
@@ -14,6 +11,8 @@
 We here propose to dynamically adjust price feed in order to influence trading
 price of smart coins to achieve tighter peg.
 
+This BSIP is constantly evaluated in terms of being accepted or rejected,see the last section *Constant voting evaluation* for details.
+
 # Motivation
 
 To get mass adoption, it's better that the SmartCoins can peg to targets more
@@ -154,13 +153,33 @@ Witnesses should make their own decisions on whether to set a hard limit and
 how much should it be if need to set one, generally, to reduce impacts caused
 by bugs.
 
+It will be good to apply the change to bitCNY first, which has much better liquidity 
+than other smartcoins. After witnesses and community learned enough in the process 
+it can be also applied to bitUSD.
+
 # Discussion
 
-[To be added]
+- https://bitsharestalk.org/index.php?topic=26948.0
+- https://bitsharestalk.org/index.php?topic=26315.0
+- https://bitsharestalk.org/index.php?topic=26966.0
 
 # Summary for Shareholders
 
-[To be added]
+The peg of SmartCoin to the underlying asset is crucial to create trust for SmartCoin holders, in combination with a force settlement offset that is considered fair. This BSIP seeks to adress the issue of volatility with respect to the peg by allowing the witnesses to implement (within boundaries) their own price feed strategy that is targeted to uphold the peg and provide a fair force settlement offset.
+
+This is a crucial intrusion into the open market mechanics and is thus not a strict directive to the witnesses, furthermore this BSIP is constantly evaluated, and if it becomes rejected  (see the next section), witnesses are bound to return to the former price feed mechanisms.
+
+# Constant voting evaluation
+
+This BSIP has a pro and a con worker and has an ever evaluated state of accepted and rejected.
+
+- **Accepted**:
+The pro worker is active in terms of receiving payout from the reserve pool AND its votes surpass the con worker.
+
+- **Rejected**:
+The pro worker is NOT active (is not receiving funds from reserve pool) OR the votes of the con worker surpass the pro worker. If the pro worker expires, this BSIP is also considered rejected.
+
+The earliest that this worker can become active is 7th September 2018.
 
 # Copyright