I disagree. Perfect the forum rewards distribution and it's not going to matter if every month the price drops another 5-10%, that's a 5-10% drop in the number of people who are going to write, the forum will slowly wither and all these other perfections are meaningless when you got a black hole in the centre sucking it out into another universe...
@l0k1 maar door SBD kan ik makkelijk aan mijn vriendinnen uitleggen hoeveel het waard is dan met Steem. Nee dus - ik ben niet akkoord .. Doe maar niet man :P
maar ik heb toch voor je post gestemd..waarom niet - punten maken mag ..zolang dat het aardig blijft
hahaha - translate that - this is what you get for suggesting this man
peace!
EDIT : okay it's this - with the SBD I could easily explain how much its worth is (1SBD = almost 1$ ) compared to Steem
so no I don't agree with you :P
please don't end it
but I still voted for your post cause its allowed to make your point as long as you keep it peaceful!
@l0k1 but with SBD I can easily to my friends pay how much the value is than with steem. No, thus, I disagree, Don't Do it Man :p
But I have just voted for your post... why not - points make possibilities, as long as you stay down to earth.
Hartelijk Bedankt voor Uw commenteren!
In response:
PRECISELY.
SBD = Payment Instrument.
Steem = New Internet Currency Between Steemians.
Steem Power = Proof you are Sirius about Steem!
You could call it Proof of Steem.
Also it just made me think of something - you could have terms for SBD instruments, where additionally they will unwrap after some period of time in exchange for a discount for being shorter term. Longer term note: higher total cost. They would have an accounting feature where they are split in accordance with the discount they contain for their duration.
So you can then instead say you want to lock the price to the dollar for a week, you put that dollar in escrow with the business you purchase something from, and they know that the dollar value of the payment is the same when the escrow is released, for example. This arrangement could be a lot cheaper than one with a 1 year validity. Automatic expiry as well as unwinding with some other administrative fee for early cancellation.
@l0k1 if they do end SBD ... will the ones I have be automatically converted into Steem or would it turn to zero?
How did you do that - making the font look like this? it's cool!
EDIT : I see.. the sbd is causing us much debt?
how much debt? so much?
is it fixable?
so it was html thanks I'll try it's cute
how about the problem with the h2 inside <>? It hasn't been solved either I see.
I still see giant letters that keep growing on posts that has it. What could be causing that? A bug?
SBD is not why the price is declining. SBD is crucial for the platform to work. There are true economic design flaws in steem. I have outlined them several times. You are blaming something that is completely irrelevant for the decline of value in steem. In fact SBD creates and does not destroy value.
SBD has to sell off steem to raise its value. When steem's value goes up, the rate of selling off steem has to rise to hold the peg. What part of this is adding value to Steem? Not only this but apart from the stuff that goes into @null, the total amount of it is being added to at a percentage rate with the rewards payouts, and that which is not burning is slowly increasing in value, which will again increase in value, and continue to demand more steem to sell to hold the peg.
It's a debt instrument. Read the Whitepaper again. It is not a token like Steem (similar to a weight of silver or gold in terms of economics) or an asset like Steem power (which is like a corporate stock). Debt. It has to be kept in a balance with Steem Power because it has the effect of devaluing Steem Power, which should not devalue because it is Steem-Off-The-Market, decreasing Steem supply and thus raising price.
@dantheman even warned quite a ways back that hyperinflation of either dollar or Steem could cause a huge amount of damage to the Steem economy, even destroying it (by being worth less than is required to fund the infrastructure).
The production rate of steem is probably about right now, but SBD compounds upon itself and SBD increases steem supply when Steem price goes up. Too much SBD and it pushes Steem prices down always and forever. I think that it has been too high a proportion from a very early stage. I don't think the supply of SBD should be allowed to get much over 2% of total supply or Steem cannot grow.
I disagree. Perfect the forum rewards distribution and it's not going to matter if every month the price drops another 5-10%, that's a 5-10% drop in the number of people who are going to write, the forum will slowly wither and all these other perfections are meaningless when you got a black hole in the centre sucking it out into another universe...
@l0k1 maar door SBD kan ik makkelijk aan mijn vriendinnen uitleggen hoeveel het waard is dan met Steem. Nee dus - ik ben niet akkoord .. Doe maar niet man :P
maar ik heb toch voor je post gestemd..waarom niet - punten maken mag ..zolang dat het aardig blijft
hahaha - translate that - this is what you get for suggesting this man
peace!
EDIT : okay it's this - with the SBD I could easily explain how much its worth is (1SBD = almost 1$ ) compared to Steem
so no I don't agree with you :P
please don't end it
but I still voted for your post cause its allowed to make your point as long as you keep it peaceful!
@l0k1 but with SBD I can easily to my friends pay how much the value is than with steem. No, thus, I disagree, Don't Do it Man :pBut I have just voted for your post... why not - points make possibilities, as long as you stay down to earth.Hartelijk Bedankt voor Uw commenteren!
In response:
PRECISELY.
SBD = Payment Instrument.
Steem = New Internet Currency Between Steemians.
Steem Power = Proof you are Sirius about Steem!
You could call it Proof of Steem.
Also it just made me think of something - you could have terms for SBD instruments, where additionally they will unwrap after some period of time in exchange for a discount for being shorter term. Longer term note: higher total cost. They would have an accounting feature where they are split in accordance with the discount they contain for their duration.
So you can then instead say you want to lock the price to the dollar for a week, you put that dollar in escrow with the business you purchase something from, and they know that the dollar value of the payment is the same when the escrow is released, for example. This arrangement could be a lot cheaper than one with a 1 year validity. Automatic expiry as well as unwinding with some other administrative fee for early cancellation.
@l0k1 if they do end SBD ... will the ones I have be automatically converted into Steem or would it turn to zero?
How did you do that - making the font look like this? it's cool!
EDIT : I see.. the sbd is causing us much debt?
how much debt? so much?
is it fixable?
so it was html thanks I'll try it's cute
how about the problem with the h2 inside <>? It hasn't been solved either I see.
I still see giant letters that keep growing on posts that has it. What could be causing that? A bug?
SBD is not why the price is declining. SBD is crucial for the platform to work. There are true economic design flaws in steem. I have outlined them several times. You are blaming something that is completely irrelevant for the decline of value in steem. In fact SBD creates and does not destroy value.
SBD has to sell off steem to raise its value. When steem's value goes up, the rate of selling off steem has to rise to hold the peg. What part of this is adding value to Steem? Not only this but apart from the stuff that goes into @null, the total amount of it is being added to at a percentage rate with the rewards payouts, and that which is not burning is slowly increasing in value, which will again increase in value, and continue to demand more steem to sell to hold the peg.
It's a debt instrument. Read the Whitepaper again. It is not a token like Steem (similar to a weight of silver or gold in terms of economics) or an asset like Steem power (which is like a corporate stock). Debt. It has to be kept in a balance with Steem Power because it has the effect of devaluing Steem Power, which should not devalue because it is Steem-Off-The-Market, decreasing Steem supply and thus raising price.
@dantheman even warned quite a ways back that hyperinflation of either dollar or Steem could cause a huge amount of damage to the Steem economy, even destroying it (by being worth less than is required to fund the infrastructure).
Right so they need to stop hyperinflating steem. If anything they should temporarily stop production of new steem.
The production rate of steem is probably about right now, but SBD compounds upon itself and SBD increases steem supply when Steem price goes up. Too much SBD and it pushes Steem prices down always and forever. I think that it has been too high a proportion from a very early stage. I don't think the supply of SBD should be allowed to get much over 2% of total supply or Steem cannot grow.