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RE: EOS - New RAM Trading Tool

in #bitcoin7 years ago

Looks like the amount of people trading RAM has shot through the roof in the past couple of days. Could it be due to you mentioning this tool on Steemit or just a coincidence? :D

New traders will need to watch how this market behaves for a couple of days before they jump in. Have to be careful about the prospect of insider trading by BPs and developers too. Opportunities for developer shilling to manipulate the market.

Do you or anyone know if there are measures in place to counteract things like that?

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The good news is that there will be no insider trading. RAM will be added at around 20% per year and be controlled by the system contract. This makes it automated and everyone will get a heads up on when it will happen.

I do hope my posts helped the market :-)

It's not really the addition of RAM that is the problem. For example BPs will know when their fellow BP and BP candidates will release a dAPP before ordinary token holders do. In order to fund a dAPP a developer may buy RAM in small amounts over a period of time - over what they need to release the dAPP. They then announce the dAPP which will in theory produce a spike in the price and the developer sells their surpluss RAM.

OFC I could be misreading how RAM and RAM trading works :D

"I do hope my posts helped the market :-)"

It is quite a coincidence :D