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RE: The Impact of Price Feed Discount on the Market
Loosing money happens if the price falls dramatically. But the discount rate allows more price decrease for making a profit via conversion. And I am not a witness that provides the highest price feed. Some of 19 have 1~7% higher feed than mine. Please keep in mind that the price feed is median of 21 witnesses, and 7 day median.
What is your point regarding the median witness? By this logic you can feed a price with a premium as well. As long as the median one is correct yours does not matter??? True some witnesses have higher price than yours, hell some don't even bother with a discount. Yes I am talking to you @datasecuritynode (guess you're too busy with own 'plays' / projects)
What is really concerning is your make your post on a day of single day 16% drop in Steem price and you say that your 7% hard max is enough! Not even close 2*7% = 14% is still short of being correct!!!
I am not totally against discounting price feed. Given the small SBD ecosystem, we need to reduce debt (SBD) to protect the whole STEEM ecosystem. But my point is that (1) the discount rate should be wisely determined and balanced, and (2) people need to know they have opportunities to earn via converting SBD.
Unrelated question - Is enki your bot?
Nope