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RE: 📉 Steemonomics 💡 TIL: Why are we suddenly getting liquid STEEM rewards?!

in #steemonomics7 years ago (edited)

Yeah, don't worry, I used to work in IT, I have been here since 2016, and still I get confused about how this place works at times.

If you have any questions in particular, feel free to ask me anything ;)

I'll give you a TL;DR:

  • The rewards have adjusted automatically to make less new SBD available because there is too much already, according to steem's built-in economic rules.
  • These built-in rules all operate under the assumption that SBD was correctly pegged to the value of 1 USD. This peg is not working correctly (as SBD is obviously above 1USD)
  • This may or may not be problematic - that's probably a question of economic ideology?!