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RE: Two Blockchain-Based Funds Launched On Nasdaq Today - Without SEC Formal Approval, Though

in #money • 8 years ago

Very good news indeed! Reassuring to see that people aren't running away screaming yet.

I have a question that's sort of unrelated to your post above. I was reading through a couple posts yesterday regarding STEEM & SBD almost being at parity. I believe you commented in one of them about how SBD is being issued exceptionally fast right now, as part of the 'debt smart contract' that operates within steem.

I was hoping you could explain two things:

  • What triggers this increase rate of issuing SBD?;
  • Where does all this new supply of SBD go? Do rewards end up just having higher STU values?

Thanks!

8 years ago in #money by
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     8 years ago  

    What triggers this increase rate of issuing SBD?

    the price feed bias, look at the http://steemd.com/witnesses in the "Bias" column to see which witnesses are using this tool.

    Where does all this new supply of SBD go? Do rewards end up just having higher STU values?

    SBD is printed only for rewards, as of now.

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     8 years ago  

    Thanks for the answers -- I appreciate it.

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