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RE: 6 Intriguing Bits From The Steemit Bluepaper
Honestly saying for some time I am very disappointed by market on Steemit. It looks decentrlized, but no one pays attention to the fact that for some time it is taken over by a user who uses automated software. He always has 140 sbd and whenever you put your price, it automatically cancels his offer and puts a better one. Do you think it is fair, when other users do that manually?
Here is a screenshot made couple minutes ago.
there are market maker bots in any exchange, centralized or decentralized...
Other markets have bigger cancelation fees and they are not abused every second. This bot certainly is not healthy for steemit. Someone can easily write another bot or 2 , and start a bot fight, regular users won't even have a chance to participate.