It all comes out of the pool, normally it is converted to sbd, but the debt ratio is too high so it pays in steem.
I like steem better, it has an upside, sbd should trade +/- 10% of 1usd.
Sbd has no upside atp.
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It seems to me like things could get even worse. Just think if the debt ratio gets triggered more and SBD falls below 1. #disaster. lol I'm very bullish on this platform long term but the short term does not look very good.
im definitely not tripping if it falls below 1 and we get liquid steem
I think we'd be getting about the same Steem but with no SBD.