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RE: Why You Shouldn't Criticize Liquidity Monopolists: Liquidity Is More Important Than Spread - It Gives Steem Value!
I was addressing the criticism that liquidity monopolists are forcing out competition by monopolizing rewards, and offering wide spreads.
A lot of the market making is genuine and they're providing real liquidity.
They are not providing useful enough liquidity for the amount we, as SP/STEEM stakeholders, are paying via debasement... $3,756 USD per hour, $90,144 USD per day, $631,008 per week, $2,208,528 per month, or $26,502,336 per year. They need to be fired and replaced with an autonomous market making solution that doesn't hemorrhage stakeholder equity.
I upvoted this because I hope people read the comment section, and come to understand how much money STEEM is wasting.