RE: Getting Screwed by SBD Payouts: Switching to 100% SP (JK)

You are viewing a single comment's thread from:

Getting Screwed by SBD Payouts: Switching to 100% SP (JK)

in steem •  7 years ago 

Actually the more I learned about the STEEM ecosystem, the more I think there is something broken with SBD. After all it should be traded as 1$ if it is backed by 1$ of Steem.

steem steemit cryptocurrency crypto blockchain
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    2 votes
    3
    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:  
  • Trending
    • [-]
      ·  7 years ago 

    oh snap my upvotes are worth 0.02 now. double up go me lol

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  7 years ago 

      (page 10/11 of 32 SteemWhitePaper.pdf)

      The primary concern of Steem feed producers is to maintain a stable one-to-one conversion between SBD and the U.S. Dollar (USD). Any time SBD is consistently trading above $1.00 USD interest payments must be stopped. In a market where 0% interest on debt still demands a premium, it is safe to say the market is willing to extend more credit than the debt the community is willing to take on. If this happens a SBD will be valued at more than $1.00 and there is little the community can do without charging negative interest rates.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago (edited)

        ...more than $1.00 and there is little the community can do without charging negative interest rates.

        It's called inflation. Pump more SBD into the reward pool until the value is $1.00 USD. Maybe $1.05 for an added buffer. JK I'm sure this isn't an option because of the relationship between SBD and Steem. Steem has fixed inflation. I thought that the entire point of having SBD would be variable inflation but I guess not.

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00