Can we please agree though, because this is basic, that you cannot "improve" something, by making it not exist anymore?
Seriously ? No I do not agree.
As a doctor would you rather have a sick patient with a disease that you are able to control rather than a healthy patient ? I guess maybe it makes sense because you can get more money from the patient, is that maybe what you meant ?
OK, I have a sick patient, I should kill him so he is no longer sick? Or should I treat his disease? That is the analogy here. We said "The calculation of the FRR is not optimal, how can we improve it". People have suggested getting rid of it. That is not improving the FRR, that is "killing the patient".
Yeah, right... Despite what you wrote after this post I'm going to stand by Qwerty's (and probably others) side and say: Removing the FRR from patient swap-market (aka leverage-*FUND*ing) is removing cancer from the patient, I don't see how that would be removing the patient.
Cancer blocks communication between cells - those too unfrequented soon die off, they leave the market of available cells in that body, so to say. Not enough cells left and the patient dies.
Applied to the FRR: it blocks the communication between swap-providers - which of course translates to communcation between cells on a larger scale.
Now I don't know the numbers, I'm throwing darts which may be off by a mile but could you maybe share these stats with us? How much of (percentage-)growth has BFX seen during the past 12 months:
1) in number of users
2) in invested capital
3) and in amount of swap provided
Have these numbers correlated over time or is one of them diverging to the south?
Without trying to be rude, to me the real patient here is BFX itself. And I'm not saying you're not listening to us, the opposite has often been the case, but we're just trying to be the hobby-doctors you're asking us to be so will you please let us do our job and let us discuss freely and quit telling us to use a band-aid when the patient has cancer?
Edit: Typo
Also, if you're referring to my proposals as removing the FRR entirely, nope: converting the swap-market into a "fund" is turning the FRR (and only the FRR) into what is currently the entire swap-market, only the numbers would be based on other factors (of which I talked at length). The noise around the FRR may be the real cancer here after all. Oh the pointlessness
