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RE: SBD Debt Ratio Management Trend Analysis : Who removed our SBD?
However, the actual @smooth witness does not have a lot of SBD reserves. Some exchanges, such as BITTREX, have close to 9 million SBDs
I do buy a lot from exchanges. The idea is to steadily drain those exchange holdings (which is where most of the big supply from last year's huge SBD pump ended up).
You are correct that we have no hope to meaningfully reduce the supply without getting at the (very large) portion of the supply being held on exchanges.
Thank you for your honest opinions and support you.
If we manage to get SBD back to 1 dollar at some point, to provide further stability, could we see effort towards creating a market making script, that as many people as possible, could start easily using if they wish to?
Keeping SBD close to its peg in times like these would make people feel a bit easier, knowing they could always turn their Steem that's volatile to SBD and wait for storm to go over.
I believe there are already some open source market making scripts, although they are somewhat old and may need to be updated to the latest APIs. I recall clayop and riverhead both doing work in that area.
Dude, you are doing a wonderful job, keep it up buddy
Thank you