Full SBD Payments Are Back, As SBD Printing Rate Is Stabilizing At 100%
Following the latest crypto market movements, SBD is getting a push, meaning both its value and printing rate (inside the STEEM ecosystem, that is) are increasing. At the moment of writing, SBD printing rate was 100% again, which means rewards are to be paid entirely in SBD:
SBD printing rate is a tool intended to keep this token value pegged to $1 worth of STEEM, and its inner workings have been changed in the last HardFork (number 20) to work in a much snappier way. In short, when the debt-to-ownership ratio is fluctuating between 9% and 10%, SBD printing rate is also going very fast from 0% (printing only STEEM) to 100% (printing only SBD).
Steem on!
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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SBD only rewards? This is going to be interesting..., the exchange rate is rather good for people wanting liquid STEEM right now..thanks for the info.
This post has been included in the latest edition of SoS Daily News - a digest of all you need to know about the State of Steem.
Interesting that SBD make a come back as I sold off most of my SBD back then when it suddenly stopped printing SBD. Not sure how things will go though, but definitely keep on writing :) Steem on!
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Good to have sbd aside always
Yea. I noticed it some days ago in my account rewards and i guess it is a good thing. I really hope it just continues and stay at 1$
Nice. Hopefully steem token also has a similar boost unlikely but it will have its ups and downs
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Interesting, so rewards will be full sbd now? Cool.
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Is that good news actually?
I don't know about you but the conversions that will take place, wont's have an effect on steem's price?
I kinda liked it when the re was no sbd around...
Less steem -> higher steem price, hopefully :) !tip
Yeah. Therefore the more people convert sbd to steem the higher the supply => the lower the price
This math does not work out. If fully 100% of SBD reward recipients immediately converted it, the quantity of STEEM generated would be the same as it would have been paid out in STEEM instead. Since 100% are not likely to convert (rather some lesser percentage) there will be somewhat less STEEM generated from rewards.
Hmm...makes sense. Thanks for your response @smooth
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It is great news and motivation for users that we still keep constant. I hope that the flow continues in ascending form!