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RE: Question about SBD print rate...

in #steem3 years ago

I'm pretty sure that they would start printing again at $0.252 based on the current supply. I figured it out a while ago, and watched the transition in real time last time we crossed the threshold from below to above. If my script is right, here are the values:

Lower threshold: 0.252085 <- SBDs start printing here
Upper threshold: 0.280095 <- STEEM rewards stop here

Here are the formulas (using virtual supply):

   echo ${STEEM_SUPPLY} ${SBD_STOP_PERCENT} ${SBD_SUPPLY} | awk '{print "Lower threshold: " 10000 * $3 / ($1 * $2) }'
   echo ${STEEM_SUPPLY} ${SBD_START_PERCENT} ${SBD_SUPPLY} | awk '{print "Upper threshold: " 10000 * $3 / ($1 * $2) }'

And we also find that $0.252 number on steemworld (rounded up to 0.25209):

image.png

For whatever reason, it seems like that median price value stops updating when SBDs stop printing. Clearly, the current median price isn't really $0.252.

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These numbers look right to me... and it also looks like it takes into account the virtual supply as opposed to just the total supply?

it also looks like it takes into account the virtual supply as opposed to just the total supply?

Yeah, based on my observations last time it crossed the threshold, I think it does.

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