Like you've rightly pointed out, development to steem would be quite slow, if we wait until Steemit Inc. decides on a hardfork. It's a good thing that you are making these changes, @timcliff. Thank you.👍
While I'm trying to understand the mechanics of how SBD debt ratio increases, the question that comes to mind is how do we know that SBD debt ratio has reached that 'haircut' limit of 10% before we begin to see it lose value below $1 (assuming 17/22 witnesses agree to the change in the code you've made)?
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The debt ratio is
the amount of SBD in existence/the marketcap of STEEM. I replied to another comment in this post with the exact numbers for that calculation.The intent is not really to make it reach the 10% 'haircut' limit. It is just to allow SBD to continue being printed unless/until we reach that point.
The market will reach whatever SBD price it reaches based on a lot of factors.
Your intent, regarding the action on SBD should it reach that 10% 'haircut', is understood. I'm glad to have learnt something new from you today. Thanks once again.
@maryfavour.