Special Edition X11. BearClout: Playing Devil’s Advocate 🐻😈

  1. Opaque distribution and potentially concentrated $clout ownership
  2. Bonding curve dynamics and skewed incentives
  3. Recent opacity of operations in the $clout market
  1. Transparency of the hows & whys of distribution is critical for investors
  2. The concentration of token ownership can lead to a more centralized network
see this? easy to understand, transparent (and lots of supply available for the community)
  • What would the real market price of $clout have been had there been no price support all along?
  • Why was price support provided in the first place? Was it because the team needed an easy way to provide more liquidity for buy orders on bitclout.com, but they couldn’t operate a more sophisticated operation to determine what the market price for $clout should be based on the buy orders they were receiving? (That’d be my initial take).
  • Then… why was the support removed yesterday? Did OG BitClout users who liquidated more than $1M of $clout know the support would be removed, effectively trading on insider information?
  • Or did their sales precipitate a decision to remove or change the price point at which support / liquidity was provided?
  • Where is the price support coming from? Presumably the BitClout treasury?

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BitsTODAY, a nightly digest of far-out experiments, sick posts, general absurdity, and everything in between happening in the world of DeSo & BitClout… rn.

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BitsTODAY

BitsTODAY

BitsTODAY, a nightly digest of far-out experiments, sick posts, general absurdity, and everything in between happening in the world of DeSo & BitClout… rn.

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