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RE: Steem experiment: Burn post #222

in #steem • 6 years ago

This might not be the right place to ask this but it seems like the people running/participating in burn posts have a firm understanding of Steem. I was wondering why payouts are only in steem/steem power and not SBD now.
If this comment shouldn't be here please let me know and I'll take it down. Thanks!

6 years ago in #steem by
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     6 years ago 

    When the quantity of SBD is more than 5% of the total market cap of STEEM, the system switches to paying out only in STEEM. (The current ratio is about 6.5%.) This is to help avoid a situation where there isn't enough value in the system to support the 1 USD guaranteed value of SBD. In the next update (HF20) this limit is planned to increase to 10%.

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     6 years ago 

    Gotcha, thanks for the response!

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