You are viewing a single comment's thread from:

RE: $100,000 per day ongoing drainage of liquidity rewards (more than $85K hack) <- I propose three solutions

in #trading8 years ago

well 30,000 steem is a fair amount, but keep in mind that the system is designed to lock up the vast majority in SP, so without this added liquidity the market price could go much higher due to supply/demand imbalance. but if this isnt fixed and he hoards it all for one massive dump, he could flood the market with 1% of total inventory. Bad, but not anything that hasnt happend to all cryptos, including BTC