You are viewing a single comment's thread from:

RE: Full SBD Payments Are Back, As SBD Printing Rate Is Stabilizing At 100%

in #steemit • 5 years ago

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...

5 years ago in #steemit by
$0.04
  • Past Payouts $0.04, 0.00 TRX
  • - Author $0.03, 0.00 TRX
  • - Curators $0.01, 0.00 TRX
2 votes
Reply 5
Sort:  
  • Trending
    • [-]
     5 years ago 

    Less steem -> higher steem price, hopefully :) !tip

    $0.09
    • Past Payouts $0.09, 0.00 TRX
    • - Author $0.07, 0.00 TRX
    • - Curators $0.02, 0.00 TRX
    2 votes
    Reply
    [-]
     5 years ago 

    Yeah. Therefore the more people convert sbd to steem the higher the supply => the lower the price

    $0.00
      Reply
      [-]
       5 years ago 

      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.

      $0.00
        Reply
        [-]
         5 years ago 

        Hmm...makes sense. Thanks for your response @smooth

        $0.00
          Reply
          [-]
           5 years ago 

          🎁 Hi @mindtrap! You have received 0.1 STEEM tip from @cardboard!

          Check out @cardboard blog here and follow if you like the content :)

          Sending tips with @tipU - how to guide :)

          $0.00
            Reply

            Coin Marketplace

            STEEM 0.17
            TRX 0.13
            JST 0.027
            BTC 58664.80
            ETH 2569.75
            USDT 1.00
            SBD 2.42