- All of the blockchain rules assume SBD = $1 USD. (The actual market price of SBD is not factored in.)
- When the SBD debt level is between 0-2% of the STEEM marketcap, rewards will be produced as 50% SP / 50% SBD.
- When the SBD debt level is 5% or above, rewards will be produced as 50% SP / 50% STEEM.
- Between 2% and 5% of the market-cap, it will reward with 50% SP, and a mix between SBD and STEEM for the other 50%. I am 95% sure it is a linear slope from 2-5%, but I have not checked the code in almost a year, so there is a slight chance I am remembering wrong.
- Once the SBD debt level passes 10% of the marketcap, the blockchain will no longer honor the "1 SBD = approximately 1 USD worth of STEEM" agreement for conversions.
- When SBD tokens are created, no STEEM is destroyed. It just increases the virtual supply of STEEM.
- When SBD tokens are converted to STEEM, they are destroyed and the corresponding STEEM gets converted from 'virtual STEEM' to 'actual STEEM'.
Your answer is reading well. But look at this:
The data is from 2017-01-07. We have
Mcap (SBD) = 41.3 Million USD
Mcap (steem) = 1541.5 Million USD
The ratio amounts 2.67 Percent.
So if your information is right, we should already see a mix of SBD/steem payout for the free token 50%.
Or in the formula for the calculation of the Mcap it is assumed that 1 SBD is always 1 USD??
I will take an eye on it.
Bye the way: Can the information you provided here be found only in the code?
It should be written down in the papers, too!
I don’t know where else to find the information.
Thank you for your answer to my question. My comment intended to make things clearer. So we are both in line. I appreciated your comment. I dont know why you gave me a downvote, but I'm not grumpy about it. Perhaps you misunderstood the mood of my statements.
It wasn't maliciously intended or an expression of dislike. (I left a majority of the payout.) It seemed like a self-upvoted (or bot self-upvoted) comment. I have started downvoting these types of things when I come across them. I wrote an article about it explaining why if you want to read about it, but basically the idea is I think we as a platform need to start doing it more often.
Thank you very much for your answer. I agree 100% with you regarding the boosters. I have set some weeks ago a thight ruleset for myself as follows:
I have published this here (written in german):
https://steemit.com/deutsch/@freiheit50/booster-ohne-mich
I give all my voting power to other authors.
Regarding the upvote from @gentlebot above I dont know where it came from. I didnt order it.
So we both are fully in line. That great. Have a nice day.
Thank you!
Schau mal hier unten. Ich habe kurz gerechnet und den Kommentar von @timcliff ergänzt.