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RE: Steem Platform Proposal: Trade Vested Stake (SP) for Liquidity (Steem and/or SBD)

in #utopian-io6 years ago (edited)

I think it's an excellent idea to add something along these lines. The concept of the "associated risk/reward" of vesting translating directly into its conversion rate on the open market is an elegant solution.

It would be interesting to see how whales that have spread their stake around to alt accounts for specific reasons or just "for fun" might "abuse" this system by confusingly moving their funds around.

I can think of one in particular that would be quite entertaining to watch.

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I was just thinking about this:

It would be interesting to see how whales that have spread their stake around to alt accounts for specific reasons or just "for fun" might "abuse" this system by confusingly moving their funds around.

Alternatively, to circumvent such abusive behavior, we could decide to first only have Steem/SP and SBD/SP pairs available at the internal market, and no direct OTC option available between two accounts directly. As a direct consequence, "abusers" would not have a direct way to transfer their stake from alt account A to B.

I think it would be wise to start off that way. After all, it would still be a huge improvement in liquidity from what we have now.

Then UA will come to the rescue! ;-)

But more interestingly, by being able to "trade and speculate on stake", the ROI on trading stake, powering down to liquid, re-buy, would add for a better ROI than platform abuse!

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