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RE: Should we change the SPS floor rental price?

in Hive Polls9 days ago

I’m not sure why we should intervene in the market. I personally don’t use any bots, but it seems like a simple matter of demand. There just isn’t enough SPS to go around. A few months back, there were bids at 0.002, not because of bots, but because demand was high enough to support it. If providers don’t have SPS to rent out, the rental price will naturally rise on its own. I think the team’s time would be better spent on other things, as this issue will likely balance itself out. Am I missing something here?

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I don't think you are missing anything. I have the exact same thoughts. If we don't see a spike in the demand for SPS in the next 6-8 months that would just mean that we failed to bring new people in.

we already intervene in the market because the market can't see who wants to rent out their at .002.

The only people shown are the people that can't get filled, so I'm for improving the ability for the market to find a good equilibrium, but since that will take dev time and agreement to provide a 2 sided market, then this is the next best thing.

Yes, I agree with you.
Let the market adjust the price when there are enough demands.
Raising the minimum prices will reduce the number of active players