RE: Weekly Steem Stats Report - Monday, December 10, 2018 by penguinpablo

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Viewing a response to: @lordbutterfly/re-penguinpablo-weekly-steem-stats-report-monday-december-10-2018-20181210t172936567z

· @penguinpablo ·
$1.15
The current feed price is $0.40 and hasn't moved much over the last few days even though the price of Steem dropped much lower. This is due to a mechanism to prevent too much SBD conversions at a very low steem price. Imagine people can convert all their SBD at $0.10. This would create 10 new Steem for each SBD resulting in a high inflation which in turn would crash the steem price even more.
👍  ,
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vote details (2)
@lordbutterfly · (edited)
Thx for answering. I assumed it had something to do with SBD but needed a confirmation from someone more in touch with the problem before i wrote a post about it since i noticed some bots and upvote services werent adjusting their ROI properly. Thx.
properties (22)
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