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RE: Flash Sale 20th November: 15% ROI Post Promotion with @smartmarket
why? as long as the steem price is below that it does not really make sense right?
why? as long as the steem price is below that it does not really make sense right?
Imagine author rewards are $2 (curation has been dispensed), and further imagine STEEM = 40 cents and SBD = 80 cents.
At 100% SP you get 2/0.4=5 SP (STEEM). At 50-50 you get 1/0.4=2.5 SP plus $1 is turned into 1 SBD worth 80 cents = 2 STEEM if sold on the market.
2+2.5 < 5
The inequality holds whatever the price of STEEM, so long as SBD<$1.