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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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@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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@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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@taimonania
The only difference with the taimo boost is that it drops a lot instantly when you unstake and then slowly goes up to equilibrium. But when you restake it instantly jumps up a lot and slowly goes down to equilibrium. On average subscribers earn roughly equilibrium as with all other channels.
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Timo 🎩🫂 pfp
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@taimonania
Ofc there are some inefficiencies like gas fees, missing dashboards etc. So there are some accounts with a higher ALFA reward and others with lower. So when farming ALFA longterm it makes sense to just subscribe to big/active channels and be done with it
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Maretus
@maretus.eth
How do you know they earn roughly equilibrium? We don’t have widely available reliable data yet? If you unstake and rewards are cut in half for the time you’re unstaked (48 hours), then shouldn’t they need to 2x when ur back? I get that this attracts new stakers to bring up alfa but then you mess with them too.
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