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

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7y

It must have taken a long time to write this, give you an A for effort but smooth@smooth already answered that most of it doesn't make sense. Firstly you state the debt ratio is 10.x percent, it actually is more like 14.x percent if you look at this api by witness cervantes http://cervantes.one:8081/api/get_debt_ratio

Secondly burnpost and sbdpotato are complimentary, while the blockchain is printing STEEM, burnpost@burnpost burns the STEEM while sbdpotato@sbdpotato converts the SBD wrapper back into STEEM, so while one is reducing SBD supply and increasing STEEM supply, the other is mopping up the extra STEEM supply created so they work nicely hand-in-hand.

WHen the blockchain starts printing SBD again burnpost@burnpost will burn 50% SP and 50% SBD so will still burn a bit of both and compliment sbdpotato@sbdpotato in any event.

@thecryptodrive: It must have | Ecency