RE: Attention SBD Converters: Please Read - Important Information about SBD -> STEEM Conversions

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RE: Attention SBD Converters: Please Read - Important Information about SBD -> STEEM Conversions

freeyourmind (-3)(1)in #sbd • 8 years ago (edited)

SBD is also dictated by the free market.Did witnesses chose to pump SBD recently? Nope, it's the free market that did it.I don't see the point of the price feed

8 years ago in #sbd by freeyourmind (-3)(1)

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timcliff (73) 8 years ago

The HF 18 conditions of reduced rewards are not a natural market condition.

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freeyourmind (-3)(1) 8 years ago

The HF 18 conditions of reduced rewards

What do you mean?

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timcliff (73) 8 years ago

Because of HF 18, the payouts are all artificially low right now because the 30 day rewards pool is being 'filled'.

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freeyourmind (-3)(1) 8 years ago (edited)

I don't see how this is relevant to witnesses setting price feed...

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timcliff (73) 8 years ago (edited)

When witnesses artificially inflate the price of STEEM via their price feed, it causes the amount of SBD rewards that are available for post rewards to go up.

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