You bring up a good point, human behavior is often shaped by the rules. We used vote selling bots on Steemit because it was economically beneficial and legal. People frowned on it in public and wrote bots for it in private. A certain percentage of people will always exploit opportunities for economic gain.
Posted Using LeoFinance Beta
I am sad to see @spaminator downvoting your comments; so I upvoted your most recent post instead of the comment.
The mantra on both HIVE and STEEM is: "Code is king."
People should interact with the blockchains based on the code, and not simply on impressions that exist in their minds.
People who invest in HIVE based on the code are likely to transfer their HBD to savings when HIVE is strong. They are likely to convert it to HIVE and dump the HIVE on the open market when HIVE is weak.
I intend to dump my savings if I see the market value of HBD approach the 10% hair cut.
We should expect people to invest according to the code.
Hey, very interesting conversation. Can you explain this part ?
"People who invest in HIVE based on the code are likely to transfer their HBD to savings when HIVE is strong. They are likely to convert it to HIVE and dump the HIVE on the open market when HIVE is weak."
You mean to sell low, why ? 🤔
Thank you.