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RE: Graph to analize total supply of SBD over time with some interesting observations
Its called deflation in my opinion thats what is happening. What reason do you have to think SBD will go down in price? The only deal ive found is that it wont ever be less than 1 dollar.
When I talk about inflation of total SBD supply I'm talking about the blue line on the chart that is currently going up now. The price of SBD may be going down, but the the supply of SBD is inflating. I'm not really sure what SBD will do in the short term, but I know that SBD was designed to try and stay around $1 and eventually the systems in place to try and keep it around $1 seem like they should win out in the long term. SBD can actually go below $1 and it has, but when that happens there are systems in place to try and bring it close to $1 again.
Where are you basing these statements off of? All i can find is a simple promise sbd will never be worth less than 1 usd. I just would love info on it as ive scoured long and wide for further explaination but nothing other than it will never be less than one dollar
I'm basing my thinking off of the SBD section of the Steem whitepaper. As for the SBD price never being less than $1, you can see in the chart that there are times when it is less than $1, but it typically isn't less than $1 by much and isn't less than $1 for long because, per the whitepaper, there is a 3.5 day process where you can convert SBD to Steem which attempts convert 1 SBD into $1 worth of Steem. However, this isn't a guarantee because there are some variables involved (which I don't fully understand yet) where you don't always get exactly $1 worth of Steem after the 3.5 days conversion process.