Questions relating to problems of liquidity point system. Even if my boat (the one with all orders 7.77 and 77.7) is actually doing halfway decent, and even hourly won the award, I think that the current system point must be improved.
1 minute was too fast, too slow for 30 minutes. 30 x growth was quite dramatic.
Maybe a 5-minute demand will be enough to create a risk for self-traders, but my bot, independent trade receives a small part of the points that the self-trading robots do.
I know Sybil accounts make it virtually impossible to prevent effective selftrading, but if none of the participants did not selftraded, I think that 5 minutes of time will work well. To prevent self trade kind embossing analog may be needed. that would avoid the need to analyze the ways that can be somehow manipulated.
Another approach is simply to limit the size of the supply / demand, which counted the liquidity premium. With 10,000 orders Steem selftrading really just stupid and only done for points.
Another approach would be to have a small number of knowledgeable voters to assign a percentage of points they have obtained on the basis of qualitative factors, but of course, it is quite dirty.
Now I have a halfway decent bot is done, I'm going to keep it running as long as I can get some sort of subsidy. without any subsidy, what happens is that one day the server is restarted for maintenance and Wouldnt I just find the time to run it again, as does the risk outweigh the benefit of volatility on spreads on trading. How are the other robots (people?) Tried to deceive the bot in the lower and lower prices, hoping to deplete its capital, but I'm tracking the implied value of the foreign markets and the restriction of the transaction, based on this. Although I try to push prices gradually closer to the theoretical value, which creates the lowest voltage and lowest risk.
TL: Dr. 5 minutes and the cap 100 Steem size of the order, probably worth a try, or is there some way to the human involved the awarding of grants. The idea of
having a fully computerized metric award of liquidity providers is quite courageous, not sure if it's ever been done before "
I think that having an automated system rewards good aim, but because of the large monetary effect would be much safer to have a part of it reserved for proven securities market participants and of the automated system of points. When automated checkpoints system is fully debugged, all awards can be shifted back to this. At the same time, I see more than half a dozen active participants of securities market and with each of them in accordance with the agreement on the implementation of funded half of the working capital would provide more than enough real liquidity.
There are 24 hours of awards and I believe that a dozen of them are reserved for the qualification of market makers, 1 award for the market-maker on the day. With about half a dozen active participants of securities market at the moment, it still leaves a half-dozen more awards. Now, who can determine who the qualifying market makers? This can be done by voting or selection of knowledgeable representatives or existing group by market makers with the ability to appeal to a higher court, or in any conventional manner sensual.
The other half can be held in reserve when the new points system is ready.
Now, why do normal people even care about this kind of thing? The reason is that the liquid STEEM 28800 201600 day of week STEEM liquid. This is the same amount of liquid Steem that will come from the 104x that, or 20,966,400 SP to shutdown the unit. Even assuming that all SP is off (it is not), it is about 20%. So, you get something like 5x effect Bitcoin half as changes in demand in the short term Steem.
This suggests that when the reward Bitcoin mining went from 25 to 12.5, about 4% of the daily trading volume was reduced. Of course Bitcoin trading volume ranges around, so it's a very rough estimate. This is a small change in daily diet may lead to a doubling of Bitcoin prices from its previous price of the underlying level.
It can be argued that to be the same as 20% of the joint venture before switching off the device is not the same as 20% of daily trading volume. True enough, if we look at the daily trading volume of BTC in 2000, lets say 360,000 Steem a day, 28,800 of about 8%. This is twice as Bitcoin halving effect.
So, if the markets understand this, we will see the effect of which would be comparable to the Bitcoin quartering (is that the right word?) Or fall daily production of 75%. It may be too esoteric factor, and we really do not know how many of the daily awards were converted into BTC. However, if we see that the price does not change much, then we can conclude that not much of the liquidity premium STEEM has been sold. Keep in mind that if the price doubles to STEEM ALLTIME highs after hardfork, he proves that the award liquidity STEEM has been sold, I do not think there is a long way to determine that is final.
Anyway, the above type of analysis, which I believe is necessary to stay on top of day-to-day trade crypto.
I hope that it will help you understand the complex system that STEEM only slightly better.
Vodorog