Also, where are you getting your numbers for D to ownership ratio? You get that the debt part is sBD, and the debt to ownership ratio increases when the price of steem decreases, right?
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Also, where are you getting your numbers for D to ownership ratio? You get that the debt part is sBD, and the debt to ownership ratio increases when the price of steem decreases, right?
Yes... I was doing it with the value of the SBD in circulation, denominated in STEEM vs the liquid STEEM supply.