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RE: Simply Explained: HardFork 20

in #steem • 6 years ago

Thanks for your concise explanation. They also mentioned this

Under the new rules, SBD tokens will continue to be printed unless/until the debt ratio reaches 9% of the STEEM market cap. Between 9% and 10%, liquid payouts will shift linearly from paying 100% SBD and 0% STEEM at 9%, to paying 0% SBD and 100% STEEM at 10%. This works the same as the shift that occurs today between 2% and 5%.

Can you please shed more light on this, plus, now that the sbd printing is zero at the moment, what is the implication on the rewards, on steem, and on the currency itself as regards the market?

6 years ago in #steem by
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     6 years ago (edited) 

    Hey,

    I initially didn't explain this section as it's difficult to write it without using too many difficult terms in a few sentences, but I added it now nonetheless:

    From above:

    • The amount of SBD you receive with your author rewards has been indirectly changed. You currently receive a lot of STEEM instead of SBD as the debt ratio is above 2%. If it were at 5% or above you would receive 50% STEEM and 50% SP. In HF20, you'll receive SBD unless the debt-ratio is above 9% and under 10%. If it's above 10%, then you'll receive 50% STEEM and 50% SP as well.
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       6 years ago  

      Its not so bad afterall, thanks wolf (howls)

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