You are viewing a single comment's thread from:

RE: I am being attacked on liquidity provider points...

in #hack8 years ago

If a precondition for "providing liquidity" is that it's liquidity that nobody wants or needs, rewarding it at all is nothing but a glorified scam. We need the kind of liquidity that won't last long, because it's needed by the market in order for it to function. The additional STEEM being funneled into @abit's account for no reason whatsoever debases the currency that the rest of us hold. I fully expect exactly nothing to change, based on what I've witnessed so far.

Sort:  

Agree and disagree.
We do need liquidity. But it's hard to measure how much liquidity we really need, also hard to measure how much liquidity I and other players have provided. We've been trying to build and keep walls, with big risks. Current implementation of liquidity reward is an experience which succeeded in some ways but failed in other ways. We need to improve it but not kill it due to some failure.
If you're not a trader and don't want to benefit traders or the ones who want liquidity, I feel you.

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.028
BTC 55981.35
ETH 2368.76
USDT 1.00
SBD 2.35