I wonder how many people who bought SBD knew about this little detail? Kind of important to know but nobody talks about it. With this in mind expanding the SBD print limit to 9% of the market cap now seems to have been a fairly wreckless move. We will literally still be printing SBD right until the point where we hit a mode of partial-default on SBD.
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I wrote about these things before:
https://steemit.com/life/@exyle/vlog-331-will-the-current-outstanding-sbd-debt-become-a-problem-for-steem-when-the-price-of-steem-goes-lower
and
https://steemit.com/steem/@exyle/a-reversed-conversion-to-peg-the-sbd-to-usd1-is-a-bad-idea
It's also in the white paper. Although sometimes it's a bit of a cryptic read.