Someone else will probably come by and explain this in more detail, but in the meantime, the lack of SBD payout has to do where we're at as far as the debt to ownership ratio goes for SBDs, which is currently north of 5%. So, instead of SBDs, we're getting the liquid STEEM. So, nothing that's being done now is directly affecting the lack of SBD payout, but has to do with the market and what's happening with SBDs.
One of the changes in the Hard Fork coming in September will actually raise that debt ratio limit to 9% which, if I'm understanding correctly, will enable payouts including SBDs again, depending on what's going on with SBD at that point. If we're at 9% by the time the Hard Fork takes place, I'm not sure what will happen, other than, we may still be where we're at now with some liquid STEEM.
Since I was basically going off/regurgitating the information you and others offered last time around I hoped to get it right. There's just a lot to know and better ways of saying it.
so because the sbd is $1, steem price is falling cos people can sell it straight away.
meaning untill we have more sbd, steem price will continue to drop?
Yep! I started typing my reply to you (on my tiny iPhone) screen before anyone else had responded. Didn’t see all the other explanations that preceded mine until after I hit ‘post’. Sorry to be redundant! 🤪
It is unrelated, but there is some info on SBDs here.
@timcliff The link does not work.
Whatever app you are using doesn't allow "relative" links. Here is a full one: https://steemit.com/sbd/@timcliff/sbd-explained
@timcliff That explains everything, that other link if it works.
Thanks.
Try it because it works ;)
It works.
It's a relative link, Busy can't handle those anymore apparently.
Hey, @c1udadan0x.
Someone else will probably come by and explain this in more detail, but in the meantime, the lack of SBD payout has to do where we're at as far as the debt to ownership ratio goes for SBDs, which is currently north of 5%. So, instead of SBDs, we're getting the liquid STEEM. So, nothing that's being done now is directly affecting the lack of SBD payout, but has to do with the market and what's happening with SBDs.
One of the changes in the Hard Fork coming in September will actually raise that debt ratio limit to 9% which, if I'm understanding correctly, will enable payouts including SBDs again, depending on what's going on with SBD at that point. If we're at 9% by the time the Hard Fork takes place, I'm not sure what will happen, other than, we may still be where we're at now with some liquid STEEM.
No more detail needed. That was a great explanation.
Hey, @netuoso.
Cool. :) Every once in a while I get something right. :) Thanks for the confirmation.
Yup, well done :)
Well, thank you, too, @andrarchy. :)
Since I was basically going off/regurgitating the information you and others offered last time around I hoped to get it right. There's just a lot to know and better ways of saying it.
Hehe, sweet :-)
@glenalbrethsen Ok, thanks.
You're welcome. :) For what it's worth, anyway, since none of what I said helps us get back to an SBD payout.
It’s because we’re now at a ‘zero% print rate’. As @themarkymark so succinctly explained in this post...
so because the sbd is $1, steem price is falling cos people can sell it straight away.
meaning untill we have more sbd, steem price will continue to drop?
not trying to fud. just curious
I don't claim to understand it at that level, @dunstuff – which is why I linked to @themarkymark's post. ;)
@zipporah I get it, thanks.
Yep! I started typing my reply to you (on my tiny iPhone) screen before anyone else had responded. Didn’t see all the other explanations that preceded mine until after I hit ‘post’. Sorry to be redundant! 🤪
@zipporah Hahaha, do not worry, these are things that happen.