You are viewing a single comment's thread from:

RE: SBD Explained

in #sbd6 years ago

So there is a promise, right?

As I wrote, yes there is. Please read it carefully.

And witnesses as you should do everything in their power, to prevent more than 10% "Debt"

No, that would imply elevating one consideration over all others. Witnesses try to do the best we can to ensure optimum functioning and utility and ultimately to maximize the value of Steem. That is a balance of multiple considerations.

Sort:  

I am only concerned that Communities and Users (content providers) are part of the considerations and not only stakeholders and their witnesses.

They are, but indirectly. Witnesses work for the stakeholders. Stakeholders want to protect and grow the value of their stake which, at present, includes wanting to grow the user base (which includes communities and content providers).

If, hypothetically, stakeholders decide that users, communities and/or content providers are not a positive force in protecting and growing the value of their stake, and want to change priorities accordingly, there is nothing witnesses can do to stop that. Any witnesses who try will just be voted out.

Bottom line, this is a system based on stakeholder authority and interests ultimately. Everyone needs to decide whether they are on board with that. No one can force you.

Many thanks for this reply.

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.034
BTC 64058.80
ETH 3150.15
USDT 1.00
SBD 3.99