I have some questions by this, the main ones being:
- What “investor” said this?
- When did investing become something which should equate with easy liquidity?
Or do you mean people who mostly do this:
The whole idea of “investing” with easy liquidity as this concept offers, is the same as allowing investors — I mean accredited or institutionalized investors — to exit when a company has a poor quarter or needs to pivot.
You know who has pivoted? Instagram, Uber, AirBnB, Grab is in a “constant pivot” just to name a few of the more known ones.
You know who has constantly ran poor quarters? FB for years, Amazon for more than a decade, Twitter, Medium just to name a few ones.
You could definitely add many more we all know to both lists.
I think the biggest issue is a mix up between “short term profit focus” and “investing” here.
Aside from the bidbots model offering ludicrous APR — which is required because there is no core model nor value behind it and volatility drives is, the fast liquidity model does avoid that anybody would ever try to focus on building long term.
How can you build any business if you don’t know if your backing is pulled over night or not?
You can’t.
If any “investor” can do that, then they’re not investing in anything. They’re merely increasing their profit margin. Then you build an economy where builders eventually need to resort to the model of “getting a mortgage” because it provides the stability required to build. No matter which cost.
The main idea was to offer daily returns such as @ocdb to investors who don't necessarily want to know what exactly is happening with their Steem they've invested in as long as it provides them the daily ROI + be able to withdraw the funds whenever they want.
Right now it would take 5days+13 weeks to liquidate everything so they'd have to take a chance at when they start the powerdown which during it would only get your curation rewards or ROI by selling it through smartsteem market.
You will notice that most “investors” will not mind locking in their funds for longer period of time. Yes, of course, as fund manager you need a solid contract then. Many will even pay a fee for managing their funds too.
Yes, times are changing and this is an unregulated stock market mostly.
There definitely is a model achievable. Whether it is a healthy one or a card house, that’s a different debate.
“They’d have to take a chance” is as much a protection as an inconvenience to them.
If you offer a high ROI there’s probably going to be inconveniences in the model as well. Most know that.