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RE: STEEEM DOLLAR Purge Update : Have we reached the New Normal?
With the rewards model being that 50% of reward value is paid out in SBD (debt), there will always be upward pressure on the debt ratio, and if things stay the same in the market for any extended period, the STEEM price will not be rising at a rate (if it rises at all) quick enough to stop us reaching 9%, where the print rate will begin to reduce towards zero at 10% . With no conversion option readily available, it would at least be nice to have an option to receive reward in STEEM and SP, rather than SBD and SP.
But as you say, we are small voices, and it is best to leave it to the experts and economists (if they have any) of STINC to navigate things their own way.
I guess the presence of experts and economists amongst STINC and the Top 20 is what I am really questioning. We can call the system decentralised, but those are the ones in control here and they are going to navigate things their own way no matter what the rest of us think about it.
The market and the people voting with their feet will be the ultimate judge in time.