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RE: The Anatomy Of The SBD Pump, And A Potential Pattern
Very interesting post. Thanks for sharing your ideas. The SBD pumping is still a bit of a mystery to me but clearly is significant for a number of reasons. It's a bit sad if it's just become a play thing for speculators but at least we are getting decent post rewards. Now if only our witnesses would adjust the BIAS so the authors here and real users of the platform could make the most of it.
Adjust the BIAS—I'm wondering if that's a hint at a possible solution you have for incentivizing good behavior? :)
No, not this one. BIAS is just a setting to increase supply of SBD in the post rewards. It's a separate issue I've been banging on about for a bit now. That other thing might take a while to come out as I'm researching it's viability this coming week.
It's already adjusted, I'm doing this for a few weeks now.
Yes, I am aware of your settings and I do approve. Maybe I'm just preaching to the choir here or trying to otherwise encourage you to speak up more about it.
Since price of steem is high, and blockchain assumes $1 value for sbd, we are already printing 6x sbd anyways... I'd rather let it play the course. Not sure how printing even more sbd is gonna help anything. Just gonna steer investors to something else's they can pump, not necessarily to steem. Let the people rejoice and be glad that we have $7 sbd. It ain't broke, peg indebted to the blockchain just ain't realistic