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RE: The Game Theory Behind Speculator Fees

in #hive3 years ago (edited)

Hear me out, if you want to be a speculator, you should have coins on exchange ready to push that sell or buy button.

If you are choosing to power up for 13 weeks you are telling everyone on Hive that “these coins are locked and cant be sold unless I start to power down.”

If we can choose to pay whatever % to cash out at any moments notice to power down then we are stripping away one of the few things that makes Hive speculation interesting. At the same time those who lose their keys can now lose everything immediately because of this new function.

I am sure the 5% entry fee will never get any significant support, and the 10% instant power down is not necessary because participants have the choice to not power up their whole bag if they want to speculate on the side.

We need more buyers than sellers. We have perpetual nonstop selling coming from inflation and curation/author rewards. That’s what we are up against, we need perpetual buying pressure that exceeds inflation+ salaries for everyone.