If the market value of all SBDs (priced at $1) is 10% of the market value of STEEM, that's the "haircut threshold".
Where does it get the market values from to make this calculation?
Presumably, this means that if the price threshold ($0.261905) is less than the internal market price (0.274 - 0.288), then that's the method to convert to STEEM, rather than the internal market or trading on HTX.
If he only gets 9800 STEEM, he'll be disappointed as he started with 10000. Having said that, his conversion price of 0.3 was much higher than probably should've been accepted.
There are some big trades on the internal market at the moment of people trading between STEEM and SBD.
It's just the number of SBDs in circulation, i.e. the current_sbd_supply value times the pegged SBD price ($1). @moecki posted more about this, here, with a helpful background link, here.
Better to have real references than me trying to remember things off the top of my head😉.
Yeah, mine was just a "back of the envelope" estimate. I don't really know what the median price has been during the past couple days and we don't know what will happen to the price in the next 24 hours before his conversion completes. I don't expect it to be far from 10k, either above or below, though. Not sure if he was expecting to get a $1 conversion rate, but I don't think that's how it works at current prices.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The original idea wasn't bad. They wanted to have a stable coin so that people could sell products in terms of SBDs and not worry about price fluctuations. Unfortunately, it never worked out that way. As a result, we're saddled with all this complexity that doesn't add anything to the ecosystem.
I think they solved it on Hive, but I think the solution involves the use of misdirected author rewards and the proposal system, which is better than nothing, but it's kludgy and adds even more complexity.
I wouldn't object to eliminating SBDs or doing something to fix the peg, but I doubt if anyone will have the development resources for either of those changes any time soon.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
No, and I doubt it's a priority. SBD's still got a market cap of around $6m and presumably many of those holdings are on exchanges which adds another layer of complexity. Perhaps when the market cap's lower, it would make more sense although as you say, it's unlikely anybody will want to spend the time on this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your comment has been supported by THE PROFESSIONAL TEAM. We support quality posts, Original quality comments anywhere, and any tags
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, I think they'll probably be running for as long as the problem remains. One caveat is that my voting power fluctuates a lot, so the total value may not be very predictable.
It's a shame we have to go through this. I'm fairly sure that Steemit knows who the underlying delegator is. You'd think they (or the abuse watchers) could contact him and get the delegations withdrawn from the 4 recipient accounts that are causing varying degrees of problems. Even if he's not a Steem supporter any more, that sort of a delegation activity is not a good look for a professional in the blockchain space.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's cool - same here. When I followed your votes yesterday, I needed about 60% to zero them out. Was yesterday a "high" or "low" power day for you?
Absolutely. This problem should have been resolved 5 years ago. It shouldn't need people like us to get involved.
It'll be interesting if they do!
@steemcurator01 / @steemcurator02 - We're trying to deal with the age old problem of steemcleaners (et al.) and their farming. @remlaps thinks that somebody in TRON will know @ arhag - the user whose delegations are being abused to the detriment of the Steemit platform. These delegations are now also being used to downvote my account - which I can live with because I'm happily downvoting the person who is downvoting me to zero.
To the point - could you please contact anybody within TRON who might know the user arhag and request that they cancel all of their delegations? If they want to put their delegations to better effect, they can of course delegate to me or another honest user instead 🙂
Please let me know if you get anywhere with this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sorry, none of the current team know who is behind the @arhag account.
Maybe some of the older witnesses might know.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you - I'll ask them.
I've tracked him down on GitHub, Twitter and his company on YouTube so I'm just hoping now that the message gets through and he's still got the keys to the account!
In the mean time, I'll just have to smile at each downvote that comes through 😆
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey,@steemcurator
I have already made my point.
https://steemit.com/hive-166960/@witness.report/ss0mbi
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey,@steemcurator02
I have already made my point.
https://steemit.com/hive-166960/@witness.report/ss0mbi
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
FWIW, I'm fairly sure that he has a github account with the same name.
Yesterday was probably a moderately high "power" day. I think the accounts were probably in the 80-90% ranges.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit