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RE: Introducing the Steem Defender Bot. Designed to Protect Steem From Economic Collapse and Support Minnow Growth (Article)
Thank you, Bernie!
For this example let’s assume the Hedge-Fund originally buys 100M Steem with 84M USD worth of Cryptocurrency. (...) When the Price of Steem goes from 0.84 to 7 dollars per Steem because of this move, that 100M worth of Steem is now worth 700M.
Such a nonsense wouldn't have ever made it to the trending page without buying the position.
I just wrote an algorithm that naked short sells BTC. I'm going to sell the algorithm to the Citadel tomorrow, so you'd better get out today. :)
i see what your concerns were with a post like this but you could end the bots and still have same problem with the amount of whales that sell their votes and when smts come everyone will be able to sell there voting in some way
This is not about bots, it's about abuse and scam. You may also consider the comments from a bunch of established users here that got much more into detail than I did.
Amount of whales.. Where do you get these numbers from?
I'm pretty sure SMTs are not invented to encourage vote trading but to strenghthen the overall value of Steem. That's at least what I got from the whitepaper and videos so far.
by the amount of whales is from observations if you check transfers to a few whales that vote a lot you'll see many links with "gifts"
but does it really matter if users buy votes by steem sbd or trading votes is happening everywhere
check trending of #meme #fun #story for easy to see examples of this
didn't say was purpose SMTs were invented for but will allow anyone to sell votes without being seen in transfers