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RE: The Real Role Of SBD In The Steem Blockchain
Hi @dragosroua,
I needed some solid knowledge on SBD and remembered commenting on this post so I used Google to find this post and get back here. I need some clarification.
- What will happen if I do not maintain 1:19 SBD to Steem ratio?
- What if my SBD balance is negligible? How will it affect me?
- When we talk about SBD:Steem ratio, is SP considered Steem? I think yes but questioning is good.
I took accounting and finance course two weeks ago and reading this post with that knowledge helped me understand what the post said initially. Honestly, I did't get it the first time.
PS: If selling SBD can cause harm to Steem's price, why doesn't Steemit Inc. keep SBD limited to Steemit wallets and list only Steem on exchanges? (provided SBD stays convertable to Steem).
this cannot be done, both tokens are freely exchangeable.
for you it shouldn't have any impact
you will just have less SBD. The balance between SBD and STEEM is important at a higher level.
I think it's only about liquid STEEM. SP cannot be traded unless powered down.