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RE: What's Going To Happen With The Price Of SBD? (PS - Check Out @Haejin!)
Bingo. The tiny market cap is a critical factor. Most SBDs are eventually burned in one of several ways.
Bingo. The tiny market cap is a critical factor. Most SBDs are eventually burned in one of several ways.
This is what I keep saying. SBD is only created by the content flowing though the blockchain. This means the content creator is the only person who can make it and it is the rarest currency. This is like a video game thing and I don't know why people can't see it. When the platform value and interest in it goes up, then the rarest currency should go up the most.
Interesting perspective....I wonder if it will prove to be true, of if this SBD price remains some sort of transient pump.
I vote for my idea! I got it from pokemon red. The coins you have to work for are the ones to keep. Don't put it all to currency you battle with.
Everyone else powers up and then no one has free cash to spend when needed.
In steemit - only some people can generate sbd - very few people.
Can you expand on this @lexiconical? I'm struggling to come to grips with the relationship between steem and SBD.
There are very few total SBD circulating, as many of them are destroyed eventually (via @null, promotion, Conversion option in wallet).
This keeps supply very low, as you can see on CoinMarketCap.
Cheers mate. I just read the white paper now to try and find out about the "debt" thing. I didn't realise they were a debt instrument.