So according to this plan the value of sbd will likely go down closer to $1 but we will be receiving more SBD?
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So according to this plan the value of sbd will likely go down closer to $1 but we will be receiving more SBD?
Well it is not really possible to predict the value of SBD, but it will slightly increase the supply. Users will be receiving more SBD in the cases where it would normally pay out a portion of liquid rewards in STEEM instead of SBD.
The bad news is you would get less when you convert your earnings to bitcoins because for a given post reward that SBD portion would be worth less than it is to today.
@whatimadoing exactly! You got it spot on!
I've seen a lot of people complain about the fact that SBD that was supposed to be pegged to $1 no longer is, but I don't see why the complain, I think it's beautiful the price of sbd. I for one don't see the need to stabilize it at $1, it's even saddening to me @timcliff