Viewing a response to: @yabapmatt/rambling-thoughts-on-steem-stuff
The ability of the blockchain to hold the SBD peg from the downside is a very interesting topic. Whether or not buying SBD now that it's very close to 1 USD in price heavily depends on the debt ratio. I guess what you have to follow is the SBD Debt Ratio. If you go to steemworld.com and see the Steem Info tab you can see that it's 5.295% right now. At 5% SBD completely stops being printed. Bear in mind that SBD is actually a debt instrument that blockchain guarantees can be traded for exactly one STEEM at any time. But how do you figure that the peg would break at a STEEM price of around $0.50? Is this based on how much SBD has already been printed? By what method do you quantify that?
| post_id | 59,458,281 |
|---|---|
| author | markkujantunen |
| permlink | re-yabapmatt-rambling-thoughts-on-steem-stuff-20180812t060611683z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit\/0.1"} |
| created | 2018-08-12 06:06:12 |
| last_update | 2018-08-12 06:07:24 |
| depth | 1 |
| children | 2 |
| net_rshares | 434,305,524,940 |
| last_payout | 2018-08-19 06:06:12 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.445 SBD |
| curator_payout_value | 0.148 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 694 |
| author_reputation | 340,582,416,232,499 |
| root_title | "Rambling Thoughts on Steem Stuff" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| yabapmatt | 0 | 434,305,524,940 | 20% |
SBD stops being able to be converted for $1 worth of STEEM when the debt ratio hits 10%. I didn't do the exact math but since the debt ratio is around 5% now and the price is around $1 then if the price drops to $0.50 it will be at 10% and the downside peg would start to break.
| post_id | 59,483,744 |
|---|---|
| author | yabapmatt |
| permlink | re-markkujantunen-re-yabapmatt-rambling-thoughts-on-steem-stuff-20180812t125853849z |
| category | steem |
| json_metadata | {"app":"steemit\/0.1","tags":["steem"]} |
| created | 2018-08-12 12:58:54 |
| last_update | 2018-08-12 12:58:54 |
| depth | 2 |
| children | 1 |
| net_rshares | 17,360,796,801 |
| last_payout | 2018-08-19 12:58:54 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.022 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 278 |
| author_reputation | 96,235,062,639,808 |
| root_title | "Rambling Thoughts on Steem Stuff" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| markkujantunen | 0 | 17,360,796,801 | 23% |
Thank you for informing me about this!
| post_id | 59,484,212 |
|---|---|
| author | markkujantunen |
| permlink | re-yabapmatt-re-markkujantunen-re-yabapmatt-rambling-thoughts-on-steem-stuff-20180812t130505021z |
| category | steem |
| json_metadata | {"app":"steemit\/0.1","tags":["steem"]} |
| created | 2018-08-12 13:05:06 |
| last_update | 2018-08-12 13:05:06 |
| depth | 3 |
| children | 0 |
| net_rshares | 0 |
| last_payout | 2018-08-19 13:05:06 |
| 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 | 38 |
| author_reputation | 340,582,416,232,499 |
| root_title | "Rambling Thoughts on Steem Stuff" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |