Finally I've got thing about SBD as a Debt. Now I understand why Promote feature will be good for Steem currency.
Thanks!
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Finally I've got thing about SBD as a Debt. Now I understand why Promote feature will be good for Steem currency.
Thanks!
Because promoting a post burns SBD, so it burns or reduces the debt.
Yes, I find this feature to be incredibly beneficial. Now people or corporations can promote a post and reduce debt at the same time. It can be viewed as non intrusive optional advertising since you never have to click on the promoted posts feed if you don't want to.
We have some great minds working behind the scenes
It is an ingenious system. Also I think there are talks of making it optional in people's account if they just want to get paid 100% in Steem Power. That seems like it could help as well. If there was an option where they could pick to be paid 100% in Steem Power or even do 75% in Steem Power and only get 25% in SBD instead of 50% of the Payout. Giving that choice to people who were already going to power up anyway could help if I understand it properly.
Yes that makes sense, but it seems a small step between taking that 50% sbd and trading on the internal market for steem power.
But it would speed up the process you are absolutely right.
Exactly @neoxian
Good 4U, I still don't understand the way this all works.