From c2971903a3b184cf9bf32d8f1d0509be3fa38c0c Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?Stefan=20Schie=C3=9Fl?= Date: Wed, 29 Aug 2018 08:34:00 +0200 Subject: [PATCH] Completion of this BSIP from a formal standpoint and inclustion of a clear accepted/rejected state --- bsip-0042.md | 27 +++++++++++++++++++++------ 1 file changed, 21 insertions(+), 6 deletions(-) diff --git a/bsip-0042.md b/bsip-0042.md index 2b5c2b0..8daae1e 100644 --- a/bsip-0042.md +++ b/bsip-0042.md @@ -1,12 +1,9 @@ BSIP: 0042 Title: Adjust price feed to influence trading price of SmartCoins Author: Abit More - 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 @@ -156,11 +155,27 @@ by bugs. # 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