That's very interesting - I never heard that before - I only joined in November and it's been 50% that whole time.
That would contribute towards controlling the flow of SBD - but as long as this remains a manual fixed process, it's always going to lag behind when deciding whether it should be implemented or not.
If the desire is to truly fix SBD to $1USD, they would need to find a way to automate this and make it a floating value.
This I assume would also impact on the supply and cost of STEEM though, would it not?
I may be wrong about that. I know I read it somewhere, but I never really did the math. Currently, when I check in the history of paid posts, I haven't been able to find an instance of that. I swear I saw it posted in a few places and it certainly seemed that way. I even thought I saw @themarkymark post about it.
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Bias (witness consensus parameter) can affect how much SBD is produced. We have a few witnesses that have set a positive bias, but not enough in the top 20 have it set to enact a change.
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Thanks. Do you know if it was changed in the past? I thought there was a time in which they were actually returning higher than 50% SBD. Maybe they were just talking about it. I also thought in one of your posts you had it at about 65% in your example.
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