Here is a post that explains a large part of it:
SBD Debt Issue - Riding the STEEM Price Roller Coaster
There is also the interest paid to SBD holders - which is not a large cost, but it is still a cost none-the-less.
Here is a post that explains a large part of it:
SBD Debt Issue - Riding the STEEM Price Roller Coaster
There is also the interest paid to SBD holders - which is not a large cost, but it is still a cost none-the-less.
Thanks. That helped a lot.