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RE: Handful of Users Are Gaming the Liquidity Reward System And Earning 1200 STEEM per Hour
Why is someone getting paid to provide liquidity ? Wouldn't the market eventually do this itself without incentives ?
Agreed.
I think its a great idea especially if it is proportionally rewarded.
Incentives are all over the place in Steemit... this one just appears to be the easiest to exploit.
If these users powered up all their steem and voted on things, that'd be nice :)
Since there are no trading fees on Steemit, traders would happily arbitrage the prices. Liquidity rewards ONLY create a reason to game and distort the system.