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Timo 🎩🫂
@taimonania
„Gaming the system“ is what you want in all protocols, especially in new ones. You must find out if they’re designed in a way that can only be gamed in positive ways. If not you adapt the protocol.
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Maretus
@maretus.eth
What’s to stop people from “renting their stake” for a few days during an invite rush to fool a bunch of people into subscribing? “I’ll rent you my 10k Alfa for week so you can gain a bunch of subs and then I’ll unstake”
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Timo 🎩🫂
@taimonania
Nothing is. I would call that advertisement and that’s why many known accounts call ALFA an attention token. You can use to get attention to your channel and whatever you do there. AFAIK this is an anticipated dynamic by the AF team and e.g. @0xfran is using that to promote projects he likes (w/o getting smth for it)
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Maretus
@maretus.eth
I’ve heard conflicting comments regarding the AF team on this tactic. I think until we have adequate dashboards and data to track things, it’s kind of a shitty thing to do. Many (I would guess a majority) of people aren’t monitoring their subscriptions all day long to know if they’re getting screwed or not.
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Timo 🎩🫂
@taimonania
To your last point: only people who DO monitor regularly are hurt. Everyone else gets a good ALFA reward on average. What hurts a subscriber is the gas fee from unsubscribing instead of waiting it out and getting the super high ALFA rewards later. I have never unsubscribed to anyone so far and neither have many others
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Maretus
@maretus.eth
Maybe my understanding is wrong, but if someone is staking + unstaking every other day or every 2 days, then the Alfa they are getting is half of what they were advertised. Ie I subbed to you for 250/alfa and now all of a sudden every other day it’s 90.
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Timo 🎩🫂
@taimonania
Here you assume that any account that is on top of „ALFA rewards“ with e.g. 250 ALFA will stay at 250 ALFA. It is always arbitraged by new people subscribing until the equilibrium. No matter if they use the boost.
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Maretus
@maretus.eth
People subscribing are doing so because the account generates a lot of Alfa. If that Alfa generation is actually 1/2 of what’s advertised, then they’re getting screwed. They would have to get 2x the rate back when you retake for it to be worth it. Right?
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Timo 🎩🫂
@taimonania
If before on unstaking it halves, yes. That is what roughly happens when restaking.
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