Gaming BeeSwap Discounted SWAP.HIVE Bridge

in LeoFinance2 years ago

Big surprise, people are trying to game the obvious holes in product designs. In this case, someone is converting SWAP.HIVE to HIVE back and forth (and paying the associated fees) to get their hands at some BXT token. Let me see if I can work out why they do that.

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Thanks for taking the time to share this on LeoFinance.

Looking forward to hopefully reading more of your thoughts here :)

Posted Using LeoFinance Beta

Raising fees won't stop people from emptying the bridge. If I'm willing to pay 1%, a 0.75% raised fee rate won't stop me from converting.

Now, if I'm willing to pay 0.3% but it's charging 0.75%, well I simply won't do the action at all.

Posted Using LeoFinance Beta

 2 years ago  Reveal Comment

I thought I typed this reply but seems missing, here goes again:

Bridges will never sell above 1.01, of course. Emptying one side while selling for 1.01 is the best they can hope for.

I think there are times when Beeswap makes sense at 1.02. It is way faster than Hive Engine deposit/withdrawal methods.

Posted Using LeoFinance Beta

Theoretically but maybe not mathematically.

 2 years ago  Reveal Comment

This is interesting, and there is a lot of ground to work the fee increase between 0.25% and 0.75%, for example.

 2 years ago  Reveal Comment

@ecosaint
I appreciate your tenacity!

 2 years ago  Reveal Comment

To me it sounds like when the bank worker rounds all transactions to the nearest penny, putting the fractions of pennies into their own bank account to get millions...

Posted Using LeoFinance Beta

 2 years ago  Reveal Comment

puh that's intense

Our friend @jelly13 (he thinks I am a real dishonest jerk though - probably offended I call him friend) is intense but in a way i like his thinking

Yes, it's not boring to read his posts, it never was. !BEER

true


Hey @uwelang, here is a little bit of BEER from @manniman for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

 2 years ago  Reveal Comment
 2 years ago  Reveal Comment

You've felt the wrath of the German spirit, I hope it was liberating in an abstract way at least.

 2 years ago  Reveal Comment

Tribes always have their own value system in place, and they feel like it's worth defending of course.

Imagine a world where that's not the case, it's a lot less human for sure.

This is the best post I read in a long time!
How on Earth did you get to negative reputation??? Someone like you should have 70+ reputation. I'm definitely sticking around for more :)
!PIZZA !LUV

Posted Using LeoFinance Beta

Hmm, the post has some personal POVs of jelly in my opinion, some may like that, some not, but there is nothing more.
Maybe there are some good reasons for the bad reputation of the jelly13-guy??
You can check the true history -thats one great thing on the blockchain thing- if you want.
Could it be due to the acting and insultings of the jelly13-account to a lot of other accounts and could it be due his formaly, self-proclaimed personal downvote crusade with a personal backlist without any real reasons or discussions, and mainly aimed to some in german postings accounts?
Could it be due to his stupid accusations to the "most toxic germans" (he called the austrians, germans and the the people from switzerland like that, the people form D-A-CH) and other of his stupid conspiracy-theories about cycle-jerk etc. in D-A-CH, which is by the wy a quite different community of hivians.
He wanted to made a social experiment-as he told- with the "germans", but as a MD i can tell you, that you have to ask people first if you want them to be part of a social experiment or study.
Jelly was asked a lot of times, that downvotes against him will stopp instantly, if he stopps his stupid crusade, and after he stopped his crusade you will not find any downvotes against him-as far as i can see.
You should hear always both parts of the story, when you say, jelly should have + 70 reputation, his reputation is there, where it now belongs to in my part of view, but he is free to improve this.
Not everyone who flirts with his negative reputaton ist a poor, poor victim. Best regards.

 2 years ago  Reveal Comment

Dear @jelly13,

The current HiveBuzz proposal will expire in a few days.

Do you mind supporting our proposal for 2022 so our team can continue its work next year?
You can do it on Peakd, ecency,

Hive.blog / https://wallet.hive.blog/proposals
or using HiveSigner.
https://peakd.com/me/proposals/199

Thank you. We wish you a Happy New Year!

whats reputation and why is yours so low that it hides your content ?

 2 years ago  Reveal Comment