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RE: Does Anyone Know Why SBD Is No Longer Being Printed?
Remember that the 10% isn't just amount of tokens, it's the value of the tokens. Looking at coinmarketcap right now I just saw SBD market cap around $11.3 million and STEEM market cap about $116 million. We're just flirting with 10% by the market cap calculations there... but in truth we are over 10% now, because as far as the blockchain is concerned SBD are always worth $1, not the .87 they're trading at on the market. So the blockchain sees us as having $13 million in debt with the Steem supply at $116 million which is 11.2%.
Ah, that makes sense. I didn't realize it was value, not supply. Thanks for taking the time to explain this. It didn't take us long to go from 5 to 10%. I guess the change in HF20 was just a stopgap after all, and not an actual solution.
There have been long stretches in the past of no SBD being printed and it’s really not a huge issue. The changes actually raised the “debt ceiling” if I recall. Before I believe printing cut off at 5%. Almost the only thing affected is folks who transact with services like bidbots that only accept SBD. It creates a little more hassle for them. I’m the reverse and have always switched SBD out for Steem quickly, so it actually adds convenience for me!