-
Notifications
You must be signed in to change notification settings - Fork 648
New issue
Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.
By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.
Already on GitHub? Sign in to your account
Process to Reset a SmartCoin after a Blackswan Event #216
Comments
From @xeroc on October 11, 2016 12:49
That should be possible by simply requesting a "settlement". |
From @iperky on October 11, 2016 14:37 SmartCoin holders see the following using the gui
and in the cli
I cannot publish a price feed due to the blackswan. Is global_settle_asset useful in this situation? |
From @pmconrad on October 11, 2016 19:10 That looks like a bug. |
From @iperky on October 13, 2016 17:9 Thanks for your replies xeroc and pmconrad. I have been using the test-net to settle smartcoins after a blackswan. ALTCAP.X, SETTLE and SETTLE.WEEK have now all been force settled due to lack of collateral on the test net. In doing this, I have found FEED LIFETIME IN MINUTES to be very important in allowing holders to settle their smartcoins. SETTLE.WEEK was created with a FEED LIFETIME of 10080 minutes (one week) to test settlement of the asset for up to one week after a blackswan. I will post later if this works as planned. A 24 hour feed lifetime is insufficient time to allow holders to settle and recover collateral. I apologize to the ALTCAP.X holders for not testing this setting thoroughly and hope ALTCAP.X can be reset in the future to allow holders to recover their funds. In light of this, I have changed FEED LIFETIME to 10080 minutes for ALTCAP on the bitshares network and recommend the committee increases FEED LIFETIME on all bitASSET smartcoins. |
From @grctest on October 14, 2016 15:29 Relevant bitsharestalk thread: https://bitsharestalk.org/index.php/topic,23334.0.html The GRIDCOIN MPA (in blackswan state) doesn't have the 'Force Settlement' option (gave up said permission). |
From @pmconrad on October 14, 2016 15:43
That doesn't matter. After a black swan, forced settlement is allowed in any case. https://github.com/cryptonomex/graphene/blob/master/libraries/chain/asset_evaluator.cpp#L436 FEED_LIFETIME shouldn't matter, because after a black swan settlement doesn't happen at the feed price but at the (fixed) settlement_price. That is a bug that needs fixing. Should be allowed here but isn't: https://github.com/cryptonomex/graphene/blob/master/libraries/chain/asset_evaluator.cpp#L439 |
From @iperky on October 16, 2016 16:21 Yes "FEED_LIFETIME shouldn't matter" but it does at the minute. The test I mentioned above: |
From @abitmore on October 30, 2016 0:29
The code
perhaps should be
so an asset not in black swain state shouldn't be forced settled if no enough price feed provided. Thoughts? |
From @pmconrad on October 30, 2016 13:37 Close... I think this would be the correct condition:
i. e. throw an error if neither feed nor settlement are available. Settlement is possible with either feed or settlement. |
Please reset ALTCAP.X also. NASDAQ, Hang Seng, Shenzhen Composite and Nikkei - Market Indexes also need their precision increased. |
@pmconrad knows more about the bug that prevents settling without valid feeds .. he mentioned something here |
Please check BitRUB and reset if needed. |
Hello. Please reset BitRUB, that would allow us to proceed with our gateway business bringing Russians to the bitshares DEX. So, if it can be done soon, that would be awesome, because we'll be able to bring more people and liquidity to the DEX. Thanks! |
What's the current progress with this issue? BSIP-0017 lists it still as a draft. |
No progress, I guess. Last activity in the forum post is several months ago. |
I have started writing some test cases, but that's about it. I don't think anyone is seriously working on it at this time. |
please note this is fixed in #340 and we now have a formal process to revive blackswan that is available in the testnet now for testing and will be soon part of the next release. hardfork was needed to make this work and it is backed up by a BSIP(https://github.com/bitshares/bsips/blob/master/bsip-0018.md) and a worker proposal(http://www.bitshares.foundation/workers/2017-07-peter-conrad) approved by the shareholders. |
From @iperky on October 11, 2016 12:23
Is there a formal process to reset a SmartCoin after a blackswan event and divide the underlying collateral between the remaining SmartCoin holders?
I was under the impression that collateral would go into a settlement pool which holders can use to settle their remaining SmartCoins after this type of event.
ALTCAP.X has blackswaned and has five holders who I would like to make whole by returning the underlying bitBTC collateral.
Copied from original issue: cryptonomex/graphene#664
The text was updated successfully, but these errors were encountered: