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RE: Why You Shouldn't Criticize Liquidity Monopolists: Liquidity Is More Important Than Spread - It Gives Steem Value!
my understanding is that the main criticism is that the liquidity monopolists arent actually providing liquidity, just swapping back and forth with gimmick accounts to get the liquidity provider reward (which amounts to like $5k per hour)
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.