Sort:  
  • Trending
    • [-]
     7 years ago 

    oh snap my upvotes are worth 0.02 now. double up go me lol

    $0.00
      Reply
      [-]
       7 years ago 

      (page 10/11 of 32 SteemWhitePaper.pdf)

      The primary concern of Steem feed producers is to maintain a stable one-to-one conversion between SBD and the U.S. Dollar (USD). Any time SBD is consistently trading above $1.00 USD interest payments must be stopped. In a market where 0% interest on debt still demands a premium, it is safe to say the market is willing to extend more credit than the debt the community is willing to take on. If this happens a SBD will be valued at more than $1.00 and there is little the community can do without charging negative interest rates.

      $0.00
        Reply
        [-]
         7 years ago (edited)

        ...more than $1.00 and there is little the community can do without charging negative interest rates.

        It's called inflation. Pump more SBD into the reward pool until the value is $1.00 USD. Maybe $1.05 for an added buffer. JK I'm sure this isn't an option because of the relationship between SBD and Steem. Steem has fixed inflation. I thought that the entire point of having SBD would be variable inflation but I guess not.

        $0.00
          Reply

          Coin Marketplace

          STEEM 0.15
          TRX 0.16
          JST 0.028
          BTC 67807.24
          ETH 2423.65
          USDT 1.00
          SBD 2.33