You are viewing a single comment's thread from:RE: SteemDAO FundingView the full contextView the direct parentjondoe (76)in #steemdao • 5 years ago If the price of steem were to go up, would the amount of SBD funding the DAO each day go up?
If it's set to have 10% of the inflation, I imagine so. If it is calculated in terms of STEEM. But, it prints SBDs instead.
But it receives a percentage of the reward pool, and the value of the reward pool is in steem afaik.
Right, but it prints SBDs instead.
So, the higher the value of steem, the value of sbd goes into the direction of 1$ again and more should get printed too (due to the higher value of the pool), no?
In theory, yeah. But, workers set the wage. So, it's just nice to have higher value STEEM because the budget would be bigger.
Ok so I am not clear what was concluded here. Does a higher steem price mean more SBD will be printed for the DAO?
I'm going with yes.