RE: Daily Steem Stats Report - Friday, August 16, 2019

You are viewing a single comment's thread from:

Daily Steem Stats Report - Friday, August 16, 2019

in steemit •  5 years ago  (edited)

Screenshot_2019-08-18-03-01-22-078_com.android.chrome.png

What is the reason, internal Median Price is stuck 0.216?

steemit
5 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
    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
    • [-]
      ·  5 years ago 

    It's a safety mechanism.
    The 'base feed price' is used for sbd conversions. If the price of steem is very low (which is is right now) and people convert their SBD, a lot of new STEEM would be created. This safety mechanism prevents that.

    From the Steem whitepaper:

    A rapid change in the value of STEEM can dramatically change the debt-to-ownership ratio. The blockchain prevents the debt-to-ownership ratio from getting too high, by reducing the amount of STEEM awarded through SBD conversions if the debt level were to exceed 10%. If the amount of SBD debt ever
    10 of 32 exceeds 10% of the total STEEM market cap, the blockchain will automatically reduce the amount of STEEM generated through conversions to a maximum of 10% of the market cap. This ensures that the
    blockchain will never have higher than a 10% debt-to-ownership ratio.

    More info about the SBD:
    https://steemit.com/sbd/@timcliff/sbd-explained

    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
      [-]
        ·  5 years ago 

      Thank you so much for sharing valuable information with us.

      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
        1 vote