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RE: Monitoring HardFork 20 - Voting Power, Mana and Rewards Pool Change

in #steemit • 6 years ago

Is there a way I can really understand the debt/ownership ratio? Is it a general blockchain issue or it is user dependent?

6 years ago in #steemit by
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     6 years ago 

    Debt to ownership refers to the ratio between the existing STEEM supply and the existing SBD supply. SBD is actually a debt instrument, and the debt is denominated in STEEM. SBD is not backed by real dollars, but by "$1 worth of STEEM". So every time you print SBD you increase the debt pressure on STEEM.

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       6 years ago 

      Oh I get it now. The system is being controlled so that debt does not exceed ownership. That's a wise one.

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