Every time the debt ratio gets above 10%, the original idea was that blockchain is supposed to stop printing more SBD. That was the beauty or debt resolution on steem.
The majority of community users haven't seen a new SBD reward for their comments and posts in such a long time (August 2019 briefly?). Many people have never experienced the blockchain when it was below 10% debt ratio. I continue to watch account value shrink, and wonder how new steem is ever going to help protect my wallet.
If we can get out of this zone of creating more debt at this level, rather than remain there, then things will get exciting again. Unfortunately, the number of exceptions allowing additional SBD to be printed and paid is making this goal very hard to achieve.
@phgnomo, thank you for sharing about
@sbdpotato. This is a confusing aspect (to me) of the blockchain I was not aware of. Would
@sbdpotato potentially lose a ton of money if they used the external market as proposed in this article?
What is the specific intended goal of @sbdpotato? How is its success or failure measured?
RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price