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RE: I am being attacked on liquidity provider points...
So not providing much real liquidity, but getting all the rewards.
And once my bid and ask are out of the way, he will selftrade and get the points without providing any liquidity.
No, I'm providing great liquidity right now. Never been better.
At least that's an improvement.
why do you have to be so greedy?
you can easily allow other market makers to collect half the rewards, but you are actively clearing out their quotes so they dont get any points
The more points he receives the more incentive he has to keep providing liquidity.
As I said below liquidity > spread.
I want a real solution so I can get out of the game..
distance from realtime implied value seems like it is a real solution as it becomes too risky for your taste
Sorry I don't understand what you're saying. Would you like to make it clearer? Oh, nvm. Saw your another comment.
I think @abit is steamit staff and just making sure nobody is exploiting this until there's a real solution. #justathought
Exactly. It needs to be very attractive for early market makers in a new coin to provide liquidity or little liquidity will be provided. This means your Steem/SBD will be worth little more than the upticks below your post.
do you not understand that abit is getting 100% of the rewards?
Sorry if my tone was arrogant. Didn't mean to assert anything, just to present my argument with more clarity.
I don't care about the person, I care about the liquidity. 10 people trading $10, or one person trading $100 is completely irrelevant when what matters is liquidity.
If you see things from the users point of view surely you would agree?
What is happening is you want your wages to protected, as workers always have done, by inefficient idealistic implementations that appeal to notions of democracy (from the network's perspective), rather than for any practical reason (despite your own wealth) in terms of improving the network.
He's not providing any liquidity, though. If he was providing liquidity, it wouldn't sit on the market for over 30 minutes. When he says he's providing liquidity and it's never been better, he's mocking us. He knows exactly what he's doing.
What matters in the network is liquidity, doesn't matter who's providing it.
Explained here: https://steemit.com/money/@positive/why-you-shouldn-t-criticize-liquidity-monopolists-or-why-liquidity-greater-than-spread-they-give-your-steem-value
gee if your post says its true, it must be. sorry I didnt realize the definite proof about this was posted by you already.
having fewer active people involved appears to be what you want and that is what will happen
//Unable to update the post, so reply here.
While I was writing above message, I have been keeping walls with 15K STEEM volume on both side of the market, with a spread around 1%, for some hours. I was proud of such liquidity I was providing.
However, the wall was broken later when the market was moving down quickly, made me a loss around 2K STEEM.
Lessons learned. Don't play against the market.
I'm not playing without risk.