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RE: SBD Potato Day 51: Potato Police!

in #sbdpotato5 years ago

So basically you need to convert 2.76 million SBD to in total + inflation over that time frame to reach your target assuming that somehow moves the market back to 1$ if that is in fact the reason SBD is trading so far below.

If you had all 215k SBD of the DAO fund today and where only losing 7% per conversions on average maybe after 110 days not including the new inflation you could reach your target? Some lazy math on my end for this last part its 3 am.

What is to keep SBD from doing this again?

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My napkin math as follows 25k SBD dao proposal funding can be converted and cycled 104 times per year which means 2.6 mil SBD will be converted over a year, there may be some losses and some profits, some post rewards can be used to offset the losses or additional dao proposals could be done, before you even get to the 2.6 mil sentiment will pick up and boost the price due to fomo that sbd will rise and make you a quick profit if you buy at sub $1 levels.

Nothing to keep sbd doing this again but funds sent to the dao at the end of the project can easily be sent back to potato to do this conversion cycling again.

I think far less SBD is needed, the new SBDs printed go to steem.dao only and small part of it to projects. So on one hand we have limited supply, on the other constant demand.

Sbd will do this again. Don't worry. Better get on the pump train before its too late!

What is to keep SBD from doing this again?

The simplest reason is demonstrated willingness of stakeholders to support @sbdpotato or something like it. This did not exist in the past and can be done more proactively in the future, rather than waiting until the imbalance becomes severe.

There are some other system changes which make the future unlike the past including the different print rate logic which makes large pumps less likely and some SBD printing shifted from rewards to the DAO, which both changes the print rate logic and also gives greater direct control over the amount of SBD entering circulation.

No guarantees can be made, this is still all experimental, but assuming the same outcomes because an earlier iteration of the experiment using different methods did not work out is not justified.