You are viewing a single comment's thread from:
RE: Thought experiment: SBD-only rewards at high SBD price
@liberosist, the issuance ratio is actually dynamically adjusted based on the witnesses signaling. 100% SBD issuance sounds tempting, however I think this is unsustainable as it would break the 5% "debt-to-ownership" ratio that is outlined as a balanced state for the STEEM economy in the whitepaper.
At this stage, it is less than 0.5%. It would take years of high SBD pricing and a collapse of Steem for this to happen. Point taken, though. If the debt exceeds 2% of course it should switch back to producing Steem.