Hi Guys,
So we've got yet another in recent days SBD pump - now beyond 3 US Dollars. There has been a lot of discussion whether this is a beneficial for steem ecosystem or not but SBD was always supposed to be worth 1 USD - or as close as possible.
One of the ways to decrease value of a asset is to increase the supply of it. Currently because the Steem is worth more than 1 USD, the Steem Dollars are created at increased rate - but it seems that it's not enough.
So, I've noticed that the Witnesses have something interesting at disposal - the Bias variable. You can see it here:
https://steemd.com/witnesses
As I understand, the positive Bias variable increases the "production" of SBD at the cost of less Steem. So it seems that it's an easy way to increase SBD supply. Yet, all Witnesses are reporting Bias at 0%. Is there something I am missing here?:)
I was always curious as to what bias did. It seems like this would be the time where bias would be useful to adjust, as you said. Great idea.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oh! Some dreadful mathematical construction, not for the uninitiated.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Naah, more Bias -> more SBD -> lower SBD price (in theory:) But Witnesses don't want to do it?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Perhaps someone like @themarkymark or @lukestokes could answer that rather good question...
Cg
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@tipu I want to inform that your SBD is being stolen by @null
Search for your username on the page
https://steemit.com/@tipu/transfers
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for being cautious but this is how promote funcionality works :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ok i got it...thanks for informing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very logical question @tipu
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome calculation.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I noticed the increase in SDB as well.
In my opinion is think its cool.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What's the problem if SBD is increasing ???
Steem is demotivating everyone, so it's good that SBD is increasing on day to day basis.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for sharing :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice post,very good job,thanks for good sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @tipu! You have received 0.1 SBD tip from @smileplease!
@tipU - send tips by writing tip! in the comment, get share of the service profit :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
May Peace, Love, Awaken and Awareness be your guide.
Resteem your post at Steem/SBD 0.03
Fellow @jossylink and send steem/sbd 0.03 with your post url as memo
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @tipu! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Tip!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
tip!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
tip!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I follow your posts because your posts seem very interesting to me
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit