Viewing a response to: @shenanigator/my-probably-totally-incorrect-theories-on-why-steem-dollars-are-trading-at-usd1-95
Can confirm you are completely wrong. :) Here is one reason : The calculations involved to find SBD price in steem or btc has to be ongoing to be compatible with limit order matching exchanges. Add to that getting a poloniex account, accessing active key, withdrawing to special polo memo accounts, selling SBD for btc then buying back steem, sending back the steem to account, poloniex 2FA, poloniex email link, powering up the STEEM , The whole process is extremely convoluted and not worth it for those who actually earn the SBD, very small amount, very distributed
| post_id | 3,645,813 | ||||||
|---|---|---|---|---|---|---|---|
| author | transisto | ||||||
| permlink | re-shenanigator-201769t74519919z | ||||||
| category | crypto | ||||||
| json_metadata | "{"app": "esteem/1.4.5", "format": "markdown+html", "community": "esteem", "tags": "crypto"}" | ||||||
| created | 2017-06-09 11:45:21 | ||||||
| last_update | 2017-06-09 11:45:21 | ||||||
| depth | 1 | ||||||
| children | 1 | ||||||
| net_rshares | 272,295,899,523 | ||||||
| last_payout | 2017-06-16 11:45:21 | ||||||
| cashout_time | 1969-12-31 23:59:59 | ||||||
| total_payout_value | 0.842 SBD | ||||||
| curator_payout_value | 0.025 SBD | ||||||
| pending_payout_value | 0.000 SBD | ||||||
| promoted | 0.000 SBD | ||||||
| body_length | 571 | ||||||
| author_reputation | 331,131,121,482,590 | ||||||
| root_title | "My (probably totally incorrect) theories on why Steem Dollars are trading at $1.95" | ||||||
| beneficiaries |
| ||||||
| max_accepted_payout | 1,000,000.000 SBD | ||||||
| percent_steem_dollars | 10,000 | ||||||
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| xeldal | 0 | 126,923,482,972 | 0.3% | ||
| carlos-cabeza | 0 | 154,521,341 | 3% | ||
| dahaz159 | 0 | 148,835,128 | 3% | ||
| good-karma | 0 | 98,652,057,760 | 3% | ||
| mysteem | 0 | 84,087,719 | 3% | ||
| happyphoenix | 0 | 158,789,680 | 0.3% | ||
| demo | 0 | 161,901,276 | 3% | ||
| shenanigator | 0 | 32,371,984,786 | 100% | ||
| feruz | 0 | 1,519,138,638 | 3% | ||
| esteemapp | 0 | 115,802,431 | 3% | ||
| reisman | 0 | 334,403,412 | 2.4% | ||
| irawandedy | 0 | 325,487,050 | 3% | ||
| gildar | 0 | 199,755,055 | 3% | ||
| things | 0 | 56,500,047 | 3% | ||
| bounties | 0 | 172,440,311 | 3% | ||
| steempoll | 0 | 166,988,555 | 3% | ||
| tipping | 0 | 152,127,535 | 3% | ||
| itchykitten | 0 | 10,597,595,827 | 3% |
Thanks for your input. It seems to me that explanation is insufficient. It doesn't tell me why people are placing buy orders for SBD at $1.95. Or, maybe it does, and it's my understanding of your explanation that's insufficient. Haha
| post_id | 3,648,197 |
|---|---|
| author | shenanigator |
| permlink | re-transisto-re-shenanigator-201769t74519919z-20170609t124305360z |
| category | crypto |
| json_metadata | "{"app": "steemit/0.1", "tags": ["crypto"]}" |
| created | 2017-06-09 12:43:06 |
| last_update | 2017-06-09 12:43:06 |
| depth | 2 |
| children | 0 |
| net_rshares | 0 |
| last_payout | 2017-06-16 12:43:06 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 233 |
| author_reputation | 61,344,803,233,405 |
| root_title | "My (probably totally incorrect) theories on why Steem Dollars are trading at $1.95" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |