I'm starting to wonder if this analysis is complete bullshit.
I was looking around on steemit.com and it looks like SBD doesn't even get printed for blog rewards.
This makes me wonder if the network prints SBD at all these days.
You are viewing a single comment's thread from:
Its not complete bulshit, but yea ... sbd is not printed atm, and since there is no new sbd added in circulation from the DAO, or interest, there is literaly only the exiating coins in circulation and whatever those whales on upbit hold ... so they play each other .... and plus the two ways conversions are not implemented on steem, so its imposible to convert steem to sbd ... so literaly no new sbd created...
Thank you sir I was really confusing myself for no reason.
It's not supposed to print SBD above the debt limit, but payout extra STEEM instead. It uses that faulty price feed for the conversion though (so it's printing less STEEM to authors, to the relative benefit of SP-holders, but still further increasing centralization)
oh... duh... right...
so the haircut is already 100% in place?
did not consider that.
hmm sure looks like it: