RE: SBD Potato Day 54: Make SBD $1 Again!

You are viewing a single comment's thread from:

SBD Potato Day 54: Make SBD $1 Again!

in sbdpotato •  5 years ago 

I would prefer if the funds are sent to @null instead when this completes

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

nah! that's the actual point i believe aswell to decrease the SBD supply from the internal market. Bought The SBD then send it to @null and it will remain there forever! same as what i ask on my comment!

Here is something interesting:

The sbdpotato experiment is pushing the debt ratio down
But the burnpost (and any other STEEM burn that is happening) is pushing the debt ratio up

So, they are creating a state where the debt ratio will stay always at the same place that it is now (above 10%), therefore, the steem economic model can go back to the model it was supposed to be working.

You can read more about it here:

https://steempeak.com/sbdpotato/@phgnomo/how-sbd-peg-actually-works-or-how-the-sbdpotato-conversions-won-t-affect-sbd-price