Not honk here (but another dev) and I want explain part of the update introduced, the perceived problems I had with the state of affairs and how the change would help change it.
Not about the in-cycle price changes or volatility, but only about daily adjustments:
1. the adjustments were too easy to predict currently and guarantee free money, and any player not playing at adjustment time and the hour right after were highly disadvantaged.
2. but we don't want to kill fun or otherwise make performance not matter.
3. so I wanted to change the adjustment so that players can have a reason to speculate, as opposed to not at all currently, and possibly sell before the adjustment.
4. right now you should literally never sell before adjustment because the direction is very easily predicted.
5. Suppose there was a coin whose "channel performance" increased by 50% after a big event; Players knew about there being a big event and pumped it even before the adjustment by 50%, suppose; Let's say the opening price of the coin of the day of the event was 100, so after pumping the price it went to 100*1.5 = 150 after adjustment the coin would go to 100*1.5*1.5 = 225, more than doubling the price, even if the performance of the channel was "only" 50%.
6. A change in the way adjustments work would make it so coins can be overvalued: if the coins were already naturally pumped by the players, the adjustment wouldn't pump the price so much more again, because that effectively double dips the rewards.
7. the proposed change would reward early investors proportionally more compared to just last-minute check the view count and buy just before adjustment.
8. prices would be more speculative, there would be a case to start selling a bit before adjustment so that the player can empty his bags earlier than the others, if he thinks the coin is already overvalued.
9. buyers of undervalued coins would be rewarded way more proportionally than they are now: currently buyers of undervalued coins miss the playerbase pump and only get the adjustment pump.
A major point of the change is how will the player-base feel about it. While we, devs, are in agreement that the current system of adjustment is too easy, and that it also seemed to be the thread's sentiment (specifically about adjustment), the players are distressed right now because of losses created on the last update. This change will slow the inflation and crazy gains made by the players, but hopefully make activity more interesting, less uniform, instead of buying sure-fire coin bets.
The other idea is to kill adjustments and give daily dividends instead of weekly, but we don't have any details fleshed out on that yet. This idea would also have the benefits of the points 7, 8 and 9 above.
The other other idea that is only mine right now is doing adjustments on stream ends or something like that. I don't know if that is possible (with the current way we get the data it's not, but another dev is coding up another way), so I haven't thought up any details. It would make for a more lively market the day, which is good and bad, because while that would spread out the thread activity, the adjustments would happen when you finish watching the stream, which is cool in my opinion (buy on announcement and sell during it/at the end of it). It'd also need a lot more dev time comparatively to the other solutions.
