OberonSky
OberonSky When price is extremely low, it may entice people to buy the dip .. when it is extremely high it will entice selling and profit taking .. but for the in-between Price just follows and not leads the MC…
I appreciate the conversation on this. With that said I truly can't understand what you are saying here, "Price just follows and not leads Market Cap" Since weve already established that MC is price x supply, then price, either up or down is immediately changing the market cap. So when you said in the earlier conversation that MC is most important your analysis was screwed because your acting like its a separate thing from price and supply
OberonSky Your view is that when price goes up the MC goes up and therefore we should let APY be to attract more people which will increase price and hence increase MC .. but personally I believe it is the other way around… away form the price extremes on the very high and very low MC is the force that drives price, the way I see it is that when fresh capital is added it increases MC and price just follows as a consequence unless it goes to bonding which absorbs the incoming flow of capital and does not affect market price (market buys) in the short run…
Yes, and all you have to do is look at each individual fork of Ohm to see that as a higher rate is put out there. Then fresh capital flows its way. Here in Ohm we have to be bleeding serious capitol for our price to keep dropping like it is. Why is the capital leaving, because we keep lowering the APY so much that the other OHM forks are a more attractive option to the new and large capitol inflows.
We keep stating that stability is our greatest asset here, but so far we aren't showing very much stability. Hell we cant even keep to a prior votes requirements/plan for more than a couple months around here, without devs trying to change everyone's mind once again almost immediately. Id understand if they actually put substantial reasoning out with facts to back up their position, but they aren't doing that. They just say trust us. Well OHM has lots of $$$ to throw around. But what about you, they keep changing your gains. Hell, if this wasn't crypto, management would already be fired for such a drop in price, especially if they couldn't present a clear path to regaining the assets on the balance sheet.
OberonSky To make sure you have organic growth, no FUD no FOMO emotions .. protocol would control the price extremes via bonding capacity (as clarified by Pottedmeat in a chat on discord) and push price down via opening bond capacity when price goes parabolic to direct capital to bonds and prevent price mooning beyond reasonable highs and stop bonding when it goes below fair price …
Yes this is true, but if you go look at the other forks, they actually do this, they actually allow high discount bonds in order to keep the price as stable as possible, here were lucky to see a 2-3% discount and that would be considered high.
Anyway, now I sound like I'm just bitching, I'm not, I'm actually trying to get a Dev or two to realize, its just to early to cut off the APY, doing that so early is what allowed the other Ohm forks to get a foot hold and suck up tons of capitol that should of been ours.
If most of these OHM forks didn't exist we would probably have a 3k coin price right now.
