This isn't about cashing out. This is about liquid STEEM generated and given automatically to a trader that was cheating the system by self trading.

I highly recommend looking at the logic I use in my trading bot at It trades using the idea of balancing the trades on either side of the market based on the amount in it's account. The more money it has,

A whale hit the upvote button, and got several hundred dollars themselves. Now that's value creation right there.

And this is why I decided to pull all my money out of STEEM. I have no intention of volunteering to subsidize someone elses profits. Market making brings it's own rewards, but not here.

I think part of the problem is that the liquidity reward is paid in STEEM. In order to trade on both sides of the spread, abit needs SBD, so he has to sell.

My guess is that an additional way the new bots are gaming the system is by buying out competing orders before they qualify for the liquidity reward.

So that's 60 STEEM per block, and blocks happen every 3 seconds, so thats 72,000 STEEM created per hour. At current exchange rates thats over 5 MILLION dollars per day! That's totally crazy and unsustainable.

My guess is that the value is based on the internal steem marketplace. With the market page of steemit down, who knows what's going on with it. When it comes back there will be a big price movement I'm

Joy...another video by Crazy Russian Hacker... I can't stand him anymore. He keeps trying to do whoosh bottles, but the one I did was better. He has a history of taking cool videos by unknown people, and

STEEM Power should be included in the calculation, even if its value is probably much less per unit than for STEEM. Even though it's not technically liquid, someone could sell an account with STEEM power

The autonomous trader you propose is similar to the liquidity bot I developed and ran for a while on btc-e and coinbase. I was going to implement it on STEEM, but realized that the economics of the current