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RE: Daily Discussion No. 6: What is UP with SBD? And is This Going to Last?
Interesting thought about the raise of value of SBD and Steem.
Where does the production of SBD comes from? Can we produce more of it?
A lot of people believe in this platforms, corrections related to bots are happening, things are improving, I feel a lot of positivity. The value will surely go up.
I wonder what happens if in 1 year I decide to cash out the entire value of my profile.
Yes, witnesses have the tools to increase the supply.
I heard that some witnesses are 'biasing' SBD as much as 900+%, in order to increase the supply, and restore the peg.
You don't need to hear about it, you can check! https://steemd.com/witnesses
You can see that only one witness is doing that in the top 20 is doing that, @pharesim, and only two more above 0%, @netuoso is at 300% and @smooth.witness at 100%. This means there is a strong consensus for 0% for the moment.
I should note that the crazy outlier here at position 31 is @abit at 9900% !!!
I feel quite positive about the community, as well... and I think the Steem coin was overdue for some upwards price movement. The SBD? That's somewhat of a surprise and a bit of a mystery... but it amounts to "supply and demand" in the end.