Liquidity by pontifier

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market · @pontifier · Jul 21 '16

Liquidity

1200 steem per hour is being given to liquidity providers such as @abit. The total STEEM on the order books at Poloniex and Bittrex is about 180k STEEM. That means that in the last week, more STEEM was created as liquidity rewards than the entire amount of STEEM available on BOTH exchanges.

Where do you think the price will go next week, and the week after that? I just don't see how this is sustainable.

👍 andre-ager, nimblebodhi, pontifier, vkoreshkoff, cire81

`author`	pontifier
`permlink`	liquidity
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`created`	2016-07-21 03:03:48
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properties (23)vote details (5)

voter	rshares	pct
nimblebodhi	418,578,647	100%
andre-ager	3,938,878,975	100%
vkoreshkoff	75,789,680	100%
pontifier	121,905,131	100%
cire81	4,672,977	100%

@flexcougar · Jul 21 '16

I think it would only crash if all of them "cashed out", but again they can't cash out except for Powering Down, and then cashing out.

properties (22)

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@pontifier · Jul 21 '16

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.

properties (22)

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`category`	market
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`root_title`	Liquidity
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
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`net_rshares`	0

@steemitboard · Jul 15 '18

Congratulations @pontifier! You have received a personal award!

[![](https://steemitimages.com/70x70/http://steemitboard.com/@pontifier/birthday2.png)](http://steemitboard.com/@pontifier)  2 Years on Steemit
<sub>_Click on the badge to view your Board of Honor._</sub>


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properties (22)

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`created`	2018-07-15 08:24:00
`last_update`	2018-07-15 08:24:00
`depth`	1
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`last_payout`	2018-07-22 08:24:00
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	1,176
`author_reputation`	38,975,615,169,260
`root_title`	Liquidity
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	64,734,356
`net_rshares`	0

@steemitboard · Jul 15 '19

Congratulations @pontifier! You received a personal award!

<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@pontifier/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@pontifier) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=pontifier)_</sub>


###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!

properties (22)