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RE: New days, new rewards system
@qustodian. Your post is very confusing. Could you please clarify everything? What do you mean by:
- an era of liquid steem
- the debt ratio
- converted using the price feed
- price mechanism
- SBD is becoming more valuable
- dynamic multiplier
Thanks in advance from a confused reader.
era of liquid steem = STEEM is being offered as part of the rewards
debt ratio = there is a limit to how much SBD is allowed as a percentage of the STEEM market cap
price feed = my blog has posts on how the feed is used to calculate payouts
SBD more valuable = if you print less of something its supply is reduced, more limited supply more value
dynamic multiplier = 2.65 is a fixed upvote multiplier, dynamic means it changes to compensate for reductions in SBD received
Just noticed I got a small Steem payout today and was wondering why. Thanks for keeping us all up to date about what's happening.
Me too, glad for this post @boontjie
My head stilll hurts. Pictures anyone??? Lol
:) You don't need to understand. Just letting everyone know that there is going to be a change to Qustodian. The impact of the printing of STEEM is small now, so the current system will still do, but in future I need to do something about the multiplier. More importantly use the webserver to tell people what the current multiplier is. The good news is that it will likely not be less than 2.65.