You are viewing a single comment's thread from:
RE: Steem - Can the SBDpotato initiative really fix the SBD peg?
As I noted elsewhere the DAO is getting 1596 SBD per day (using your numbers) but the other sources of inflation (vesting, witness, and author and curator rewards) are producing 9x as much STEEM. So under the optimistic assumption of an unchanging STEEM price, this process pushes the 'debt ratio' toward 10% (so under current conditions, lower).
In terms of the amount of SBD:
- @sbdpotato isn't the only only one doing conversions. It is adding to the conversions being done by others.
- It will take a while for @sbdpotato to accumulate a large enough fund to convert at a high rate but with persistence it is possible. Every day's rewards add to the fund.
BTW, I'm downvoting this, as I feel the reward is a bit high for something that asks, essentially, if rewards of @sbdpotato are high enough, not even making any sort of case that @sbdpotato is a bad or harmful idea, just not big enough. Then gets more rewards than the typical @sbdpotato post...
Fair enough, though the sbdpotato posts have actually been earning significant rewards the past 7 days or so. Anyways, I don't think it is bad or harmful, in fact I think it's a good idea. Just pointing out that it may not have much impact for a long long time. I guess putting a bit of realism down in writing for myself and possibly a few others that may have been a little overly optimistic initially. Again, including myself, mostly hoping I was missing something. :)