RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)

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RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)

timcliff (73)in #steem • 7 years ago

I'm trying to understand the mechanics of how SBD debt ratio increases

The debt ratio is the amount of SBD in existence / the marketcap of STEEM. I replied to another comment in this post with the exact numbers for that calculation.

that SBD debt ratio has reached that 'haircut' limit of 10% before we begin to see it lose value below $1

The intent is not really to make it reach the 10% 'haircut' limit. It is just to allow SBD to continue being printed unless/until we reach that point.

The market will reach whatever SBD price it reaches based on a lot of factors.

7 years ago in #steem by timcliff (73)

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maryfavour (63) 7 years ago (edited)

The debt ratio is the amount of SBD in existence / the marketcap of STEEM.

Thank you for the answer, @timcliff. I've read through the comments thread again and seen your response to @edb's question. The concept of SBD debt ratio is clear to me now.

Your intent, regarding the action on SBD should it reach that 10% 'haircut', is understood. I'm glad to have learnt something new from you today. Thanks once again.

[Edited...]

@maryfavour.

$0.04

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RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)

Your intent, regarding the action on SBD should it reach that 10% 'haircut', is understood. I'm glad to have learnt something new from you today. Thanks once again.

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