#mathofsteem

(Also the title of my next Shel Silverstein parody.) So we've been thinking about the SBD debt ratio lately, with the changes in payouts, and @timcliff's HF20 proposal to change to print more SBD, and

Yesterday @timcliff made a long post about how SBD works and it make me realize something about the system as a whole. Tim points out that SBD are essentially a method of enforcing holding liquid Steem:

It doesn't seem to be very well known that @dtube has its own curation system laying on top of the basic Steem curation system. They take 25% of author rewards as a beneficiary reward and then distribute