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RE: Doom, Gloom, and the SBD Debt Ratio
What can we do to get SBD back up again?
If we don't do something, it's gonna bottom out and follow the way of DogeCoin at this point.
What can we do to get SBD back up again?
If we don't do something, it's gonna bottom out and follow the way of DogeCoin at this point.
At this point in the cycle not much. But once we stabilize we can consider what debt ratio we would like in the future once this settles down. The higher the % we set the debt ratio (SBD/Steem) before default the harder it is for steem to support it without going into its own downward spiral. The current market will likely going to force default on SBD regardless of the debt ratio; but its a question of at what value of steem do you start to default the SBT (set at 10% in the white paper) and how much breathing room to do you keep before cutting down new supply of SBD's.