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bitshares / bsips

BitShares Improvement Proposals and Protocols. These technical documents describe the process of updating and improving the BitShares blockchain and technical ecosystem.
https://bitshares.github.io
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1000:1 Reverse Split of Core BTS Token #257

Open litepresence opened 4 years ago

litepresence commented 4 years ago

The motivation of this split is to increase share price immediately to prevent delisting risk, encourage listing acceptance at new exchanges, and more generally encourage higher trade volume at centralized exchanges by removing the delisting threat.

abitmore commented 4 years ago

Just FYI, BSIP number 86 has already been assigned to https://github.com/bitshares/bsips/pull/253 (Share market fees to the network).

sschiessl-bcp commented 4 years ago

This would require a massive effort to synchronize that all software is updated to reflect the new precision, or face immediate exploitation by clever traders / bots / other systems. I imagine that many integrations (also from CEXes) have hardcoded precision for assets, thus they all need to change fundamental parameters.

While this might have positive effect simply by being mentioned everywhere, I don't see that this effort can be pulled off without a budget to synchronize all integration are updated in time.