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smooth

@smooth

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2016-03-25 13:36

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smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

We do have the promotion page which burns SBD, though the quantity is very limited, probably only a few dollars per day. When SMTs launch it will be possible to pay/burn SBD (amount to be determined) in

$ 0.000

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smooth

7y

RE: Steem experiment: Burn post #535

Some sort of an upgrade along those lines is under consideration. Thank you for the suggestion.

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smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

But it's kind of hard to measure it effectiveness You can certainly measure effectiveness by amount of SBD removed from the supply (which in turn reduces the debt ratio, and therefore the haircut). That

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

This would probably be slightly better but not necessarily worth the added complexity given the current funding of SPS. At the moment, SPS only receives 10% of the roughly 8% inflation or about 0.8% of

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

One of the arbitrage bots is @paco-steem (steemd). I an pretty sure there are others but they are harder to find since I don't have my market maker bot running, I don't get to easily see which other bots

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

And 200k/7M is 2.8%, wich isn't insignificant if you consider that the external market debt ratio is around 0.5%-2% over 10%. The 2% (over cap) is a percentage of the total Steem market cap not of the

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

I don't know what 'it exists' means exactly, nor what it means to say it is 'printed'. It is a number in the blockchain code. It can't be spent, it can't be converted, it isn't part of any user's account

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

Nah, man. They are there to get the curation rewards because big whales will vote on them. This is wrong, or at least the people trying to do that are doing it wrong. These posts are too popular and too

smooth

7y

RE: Steem experiment: Burn post #545

Rewards from this comment #4 will be added to the post rewards for burning

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

If the supply of any given good is pre-determined (and both these experiments have a tiny effect on the overall supply of STEEM / SBD) Neither is tiny (therefore the supply is not per-determined) @burnpost,

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

@burnpost is slowing down the rate at wich the debt ratio decrese But this too is not necessarily true. The market cap is the product of price and supply (in existence). Price is the result of a balance

smooth

7y

RE: 위로 받기를 원하는 사람/Who wants to be comforted

To be clear I was not challenging your assertion so much as asking you to present it more clearly. Doing do will be helpful to other (down)voters in putting a stop to Steem reward milking. Thank you for

smooth

7y

RE: 위로 받기를 원하는 사람/Who wants to be comforted

Evidence? (Upvoted for visibility not agreement)

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

SBD created to fund the SPS (treasury) doesn't increase debt in any real sense (though it does increase the apparent debt ratio used by the blockchain to calculate the conversion haircut), until stakeholders

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

Would @sbdpotato potentially lose a ton of money if they used the external market as proposed in this article? No, as I explained in my top-level comment, it really doesn't matter which market you use.

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

passively collect curation rewards These projects do not collect significant curation rewards. The curation system is designed to penalize all "passive" curation (on posts with highly-predictable

smooth

7y

RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price

This post contains a great deal of confusion, misunderstand, and frankly nonsense. For example (and notably presented in bold with an exclamation despite being completely wrong): It isn't affecting SBD

smooth

7y

RE: Vessel Desktop Wallet: New Features, Security/Bug Fixes, and Maintenance

I plan to support this. One comment: Googling for "Steem Wallet" currently returns a lot of confusion as to what a wallet actually is on Steem. This is probably due to a combination of reasons

smooth

7y

RE: 위로 받기를 원하는 사람/Who wants to be comforted

Please stop farming

smooth

7y

RE: Help Steem in 30 Seconds

Vote @burnpost (also consider voting other posts which send a significant portion of their rewards to @null, or alternately @steem.dao) Downvote vote-buying/selling, self-voting, vote-trading and other

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