RE: SBD Print Rate: 0%
I think from an investor perspective, a lot changes.
STEEM investor or SBD investor? Actually in neither case does much change right at 10%. As the ratio exceeds 10% then SBD becomes gradually less backed by STEEM. If SBD is worth more than $1 then clearly SBD investors aren't counting on being fully backed by STEEM anyway (they aren't). If isn't worth more than $1, then it would be getting converted and its supply would be shrinking, effectively resolving the situation (albeit at an uncertain rate).
Of course, if the ratio hits 10% that would currently mean that STEEM has dropped another 50% which clearly matters a lot to STEEM investors, but again the exact 10% threshold doesn't change anything here, its just an arbitrary number when looking at the STEEM price doing what it does (fluctuate).
So I'm not sure what you are getting at here.
I disagree, it is extremely unpegged
Possibly you are right, but this is really just guesswork. Market conditions change and just because SBD got pumped, apparently mostly from Korea, in the past doesn't mean it would happen exactly that way in the future. There are some dramatic differences, for example the supply of SBD being 15 million rather than 1 million, where it was before the first SBD pump in 2017 (the increase occurred due to the slow, but not nonexistant, action of the pegging mechanism). That 15x ratio might matter, or it might not. Likewise for the planned changes in HF20. I don't see any way to know for sure in advance.
@smooth Can you make a youtube tutorial with animation of how sbd debt ratio and steem relates to each other? Im hardly a financial guy and im having hardtime understanding. Since i noticed youre so actively trying to explain it to everyone. I think making a youtube animation tutorial will save you lots of breath and make potential investors to understand more about the system. I really appreciatee if @steemitblog will consider this when releasing a new update each time. Not everyone is technically skilled at this. But an attempt to make it more digestable is highly appreciated.
Honestly I have not the slightest idea how to make a youtube tutorial, but if someone wants to create one I would be happy to proofread the script (or whatever it is that you write to make an animated tutorial).
Well if you're motivated enough, you can make a post on hiring some creative content producer to do it.. Considering the amount of stake you have in this platform, it should be easy? But it's just my suggestion.
That's a really big point
That's the pegging mechanism in action. It it just really slow unfortunately, and has other issues. But it isn't nonexistent or completely ineffective (I think).
This is my understanding. On the low side it has a hard ped (redeemable at $1) and on the high side it has a soft peg (prints more and no one redeems).