Viewing a response to: @pfunk/re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t062531631z
I doesn't correct itself naturally because the pegging mechanism doesn't work. It lacks a proper feedback loop to print more SBD according to the demand. SBD demand doesn't have any direct feedback mechanism to encourage more supply. Total SBD amount is directly linked to the price of steem. To fix the mechanism, it should be directly linked to the supply and demand of SBD. That's the way to achieve price stability.
| post_id | 3,133,905 |
|---|---|
| author | samupaha |
| permlink | re-pfunk-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t070227447z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 07:02:27 |
| last_update | 2017-05-28 07:02:27 |
| depth | 2 |
| children | 11 |
| net_rshares | 0 |
| last_payout | 2017-06-04 07:02:27 |
| 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 | 420 |
| author_reputation | 43,651,583,224,016 |
| root_title | "SBD is broken, why not just remove it?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
A major factor of why SBDs ended up losing their peg upwards is because the supply was severely restricted for over a month thanks to the poorly implemented transition of the reward pool. That context should not be ignored in the recent price history of the SBD. Now that supply has returned, we are seeing the value of SBD come down closer and closer to where it's meant to be. Have patience :)
| post_id | 3,134,074 |
|---|---|
| author | pfunk |
| permlink | re-samupaha-re-pfunk-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t071113358z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 07:11:24 |
| last_update | 2017-05-28 07:11:24 |
| depth | 3 |
| children | 10 |
| net_rshares | 350,341,692,645 |
| last_payout | 2017-06-04 07:11:24 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.449 SBD |
| curator_payout_value | 0.147 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 395 |
| author_reputation | 208,395,764,935,287 |
| root_title | "SBD is broken, why not just remove it?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| ausbitbank | 0 | 83,732,275,240 | 1% | ||
| krystle | 0 | 832,003,787 | 1% | ||
| thejohalfiles | 0 | 265,777,413,618 | 1% |
Even if we take that into account, the feedback mechanism for adjusting SBD supply is still far from perfect.
| post_id | 3,135,244 |
|---|---|
| author | samupaha |
| permlink | re-pfunk-re-samupaha-re-pfunk-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t081531889z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 08:15:30 |
| last_update | 2017-05-28 08:15:30 |
| depth | 4 |
| children | 9 |
| net_rshares | 0 |
| last_payout | 2017-06-04 08:15:30 |
| 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 | 109 |
| author_reputation | 43,651,583,224,016 |
| root_title | "SBD is broken, why not just remove it?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
If you think there could be a better way to address SBD supply, why jump straight to the conclusion that SBD has got to go?
| post_id | 3,135,460 |
|---|---|
| author | pfunk |
| permlink | re-samupaha-re-pfunk-re-samupaha-re-pfunk-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t082739904z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 08:27:51 |
| last_update | 2017-05-28 08:27:51 |
| depth | 5 |
| children | 8 |
| net_rshares | 0 |
| last_payout | 2017-06-04 08:27:51 |
| 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 | 123 |
| author_reputation | 208,395,764,935,287 |
| root_title | "SBD is broken, why not just remove it?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |