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RE: How to Improve the Internal Market - Steem/SBD - With Better/Fairer Liquidity Rewards and Implied Prices...
As ever you explain it beautifully; I don't really get trading on a deep level, however what you say seems to make sense.
Did you look at the teeter totter article I posted on your last article on this subject? What I'm driving at is; do you think that liquidity will completely fix the internal market or is this just the easiest, fastest fix?
Cg
I did read that article your refer to. I posted this as a reply;
So, answering your question regarding complete fix/fastest fix? I would say that, the internal market doesn't need fixing, it's just needs more volume to improve. More volume would 'close the loop' on the Steem Economic System allowing users to do every action/transaction efficiently except Exchange Steem or SBD for Bitcoin.
It's silly that users need to Transfer Steem to an External Exchange to Exchange for Steem Dollars, in order to get a better price.
I hope that helps, let me know if you would like me to go into more detail, I could certainly simplify further..
Hi @hisnameisollie, thanks for your reply, I'm sorry I didn't see the other one. OK, well it's good to get an opinion from an experienced trader. So in other words we don't need a delay in SBD or the internal market to close, it's simply a matter of volume, and rewards would fix that?
Cg
No problem @cryptogee
Yep, that's what I think, and that what exchanges all around the world do every time they launch a new product (tradeable asset class).