So maybe we should all get 100% SBD on our posts and then retroactively convert them into Steem Power. What do you think?
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So maybe we should all get 100% SBD on our posts and then retroactively convert them into Steem Power. What do you think?
I think that could destroy Steem. Right now parts of the payouts are locked into the accounts via Steem Power. If all would be liquid it could happen that most of the inflation would leave the system forever instead of growing the user accounts. You can't expect people to reinvest their earnings into Steem. But I am not sure about that. Because it would also lower the Steem supply.
As it turns out it's not even possible to get 100% SBD. The way they implemented it, it's fairly safe. You can either fully convert to Steem Power, or settle on a 50/50 split. With that said, I think going for 50/50 is the most logical choice, as it allows us to at least get some SBD to re-invest into STEEM.
I initially set 100% Power Up on my posts, but I think that's not the best deal given the economics.
That's NOT the choice you should select right now!
I see. Can you elaborate why this approach is bad?