Thanks for the info, I did not see the update :) Had no idea that powering up had this effect, very useful information and thanks for sharing!
I have been studying up on the subject because I want to invest more in Steem, and I must admit that like many others it created more questions than answers, i.e. the SBD has had a name change in the updated white paper to "Steem Blockchain Dollars", and from what I read it is no-longer pegged, as it is traded freely on exchanges and prices decided solely by the market. Also read an article where the witnesses discussed if they should attempt to "correct the price" of SBD, which made me conclude that not even a "soft peg" i.e. the guarantee that 1 SBD = minimum 1USD, is no longer in effect, but perhaps I have musunderstood something. It left me wondering, what is the point of having SBD and is there still a usage for them?
Article link: https://steemit.com/sbd/@aggroed/the-benefits-of-inaction-a-defense-of-a-high-sbd
If you have some knowledge on the subject I and others would greatly appreciate it :)
well TBH I think releasing the SBD from USD peg was the wisest thing, the USD is going further down this year now that China begins to challenge the petrodollar with gold-backed Yuans