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RE: The Whale, the Liquidity King and Wash Trade Expert -- a Deeper Anlysis of STEEMIT Internal Market Using Market Insight by Steemprices.com
IMO wash trading is really irrelevant. What is relevant to liquidity is when orders are on the book and offering liquidity, not when or how they come off the book. The problem with the current algorithm primarily stems from the awarding of points based on executed trades rather than time on the book and spread offered.