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Hoping for a lot of debate here. Black Sunday should've been more obvious but perhaps due to our trust in FI we didn't do our own due diligence to spot issues in sell orders v1. With optimism returning I hope we still consider the implications of future changes #footballindex 1/ https://twitter.com/FI_LeeB/status/1353744405224710151
Viewing it from one perspective, I think this could limit price movement but only in the upper ranges. I assume FI will be minting using an algorithm to look for signals that suggest price movements either way. Big assumption but I can't see how else they do it effectively. 2/
If there are multiple signals for an upwards movement (such as Kimmich's HT score and assists yesterday), FI won't mint to limit their liability with the assumption the price will continue to increase in the short-term. 3/
Once there are signals for stagnation or downwards price movement (4pm deadline approaching for example), FI will mint to try and ensure they're minting towards the top end of a player's short-term price range. 4/
This would add an extra 1,000 (up to potentially 30,000 accumulated) shares to the offers list which would likely stop any further small rises in it's tracks. This would still work for FI as it almost guarantees minting at that short-term peak. 5/
I've got no idea either way but I'm interested to hear as many viewpoints as possible.
Plus, what happens to demand when a player hits 1 million shares? Spikier price movements as people compete to purchase (upward price pressure!) and then back down as the moment passes? 6/
Plus, what happens to demand when a player hits 1 million shares? Spikier price movements as people compete to purchase (upward price pressure!) and then back down as the moment passes? 6/
