Given the sudden depreciation of BTC, SBD is going down faster than it should. At the moment of writing it was trading at $1, which is a good thing, but the downwards velocity seems a bit too high, and it may go under that. As a witness trying to enforce the SBD peg to $1 worth of STEEM, I decided to adjust my price feed to -2%.
It's the first time in months to have a negative price feed bias (which means I believe less SBD should be printed, basically) after a lot of efforts to reduce the SBD value.
There are still witnesses which are still having a positive bias: @reggaemuffin, @jackmiller, @liberosist (seems to have it at 20%, unusually high for the current situation), @charlieshrem and @guiltyparties.
These are the witnesses with a negative bias: @pharesim, @abit and yours truly.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
Wanna know when you're getting paid?
I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards | |
Reminder that under $1 is really easy to fix with conversions and they should be used for that :) negative bias is in my opinion not useful in normal situations
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I'm back to zero anyway, since SBD jumped back a little, but thanks for the reminder.
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Well said @reggaemuffin
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Hey, I was wondering if you could add a feature for the rewards calculator on Steem Supply to calculate a 100% power up post compared to the 50/50 default. With the low price SBD now it makes sense again to consider that.
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Posts with 100% Power Up appears with 0 USD, because there's no liquid reward to it. Displaying the value in USD of Steem Power will be misleading, because the earliest time to cash out SP is within a week and the price can vary a lot.
There's a footnote in the app:
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Thanks, although I meant the new reward calculator. I assume it is not just doubling the SP amount or is it?
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Good to see you are making those adjustments , i'm sure we will be the price going up soon
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Well the price should always stay around $1 so really only the outside exchanges are causing the price spikes based on speculation and low supply.
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Just tried out your steem.supply tool , very useful , I really liked it ! I have added you to my witness vote list. one the witnesses I had, stopped 10 weeks ago.leaving a spot open as well. great reminder to check it out once in a while @dragosroua , thanks !✌👍😀
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Thanks @dragosroua for taking the timely action...
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I've answered via a comment on your last post on the topic.
We as non top20 witnesses do not influence anything on these values and my values are set at where I personally would like to see them one day.
With one addition & that is that the interest rates be two columns, one for ALL SBD and one for Savings.
However, until then, it is what it is and I stand by my vision as shown in my figures!
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It's going to be interesting to see if it can be stabilised. The trend for all coins is downwards for now. I hope the other witnesses will do what they can to support SBD
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I was actually pretty surprised to see SBD below $1 tonight. Might be a good time to invest in SBD for some quick gains when it drops below $1!!!
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Nice update from you sir,
The sbd to steem ratio is just incredible,
That is the question we all are asking.
Will be looking up for more updates
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we hope the price rises soon
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Why not increase tree interest rate instead of change the oeg(price bias).
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Is someone asleep at the switch?
or is he a 'dead witness'?
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Good, it should have stayed $1 in the first place, I'm glad it has gone up thoug-- Waitasec-- !!
You mean if it can go up because of outside market, it can go down to 0.01 too because of that market?!.... NOOOOOO PLEASE!!
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Yes it make us all sad
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nice brother post.aloweys thanks.
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what would be the best thing to do now power up the post of go for 50/50 rewards ?
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does this effect the printing of SBD and if so how?
Edit - scrap that question. I just read your post https://steemit.com/steemit/@dragosroua/how-sbds-are-created-and-what-could-happen-if-sbd-is-pegged-to-usd10-instead-of-usd1.
I was also reading I was reading this post by @tarazkp
https://steemit.com/steem/@tarazkp/will-the-sbd-printing-soon
can you tell me if more witnesses use a negative bias and the ratio reaches 5% SBD will stop printing and quickly reverse the effects of trying to peg?
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I also think it will go below $1
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