Hi brother Greetings,

I have read your post and you have shared all the questions with detailed analysis. You have explained well about indebtaness and ownership ratio. I am glad that you write about Steem Blockchain ownership and debt as Steem is ownership and SBD as debt.

You have explained about affect of debt-ownership ratio on steem blockchain but missed to explain it on the Steem price.

But you have explained the mechanism of Steem Blockchain to control debt-ownership ratio on detailed way and performed all the calculations correctly. But I have learned that SBD price is never above than 1$ and most of us used it's external market value which has no affect on SBD price.

You have shared the clear steps of Steem to SBD and SBD to steem conversions. Overall you are master in some topics and explained well. I wish you success for your participation. Best of luck.