What happens with liquidity when a stock exchange with say a competitive 0.1% stock trading commission gets hit with a 0.15% sales tax by the country it resides in?
Penalizing transactions doesn't normally create incentive for liquidity to grow. It normally does the exact opposite.
So, how does proposing it helps liquidity in this case even start to make sense in the slightest?
AFAICS, these are exactly the type of weird back of a napkin theory mid-game rule changes that Steemit Inc used to pull on us, and the type of weird back of a napkin theory mid-game rule changes that nuked two of my projects back in STEEM days.
What happens with liquidity when a stock exchange with say a competitive 0.1% stock trading commission gets hit with a 0.15% sales tax by the country it resides in?
Penalizing transactions doesn't normally create incentive for liquidity to grow. It normally does the exact opposite.
So, how does proposing it helps liquidity in this case even start to make sense in the slightest?
AFAICS, these are exactly the type of weird back of a napkin theory mid-game rule changes that Steemit Inc used to pull on us, and the type of weird back of a napkin theory mid-game rule changes that nuked two of my projects back in STEEM days.
Please explain to me how I'm wrong?
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