That is not correct info, please change it. When the debt ratio is above 9% it starts printing liquid steem.
When it reaches 10% no SBD will be printed, only liquid steem and SP.
Yeah! I was thinking the same thing, but the calculations of all this are sci-fi for people like me... I'm 100% Steem Power for posting and upvoting, do you think that is the right thing given the low price of STEEM?
Will it make a difference in the Steem reward payouts?
This is really difficult to calculate, and with the debt ratio above 9% it changes constantly.
But I think it is rarely a good idea to go 100% instead of 50/50. Right now you get 3 steem for 1 sbd on the internal market, and sbd is below 1 $. So if I am not mistaken, that means you earn more using 50/50.
Thanks for your reply... Maybe I miss understood a post tutorial that said when SBD is over $1 the SP should be set to 100%... When below $1 like it is now, set rewards to 50/50 to earn more from the lower price of Steem. I think I have it now... Just gotta watch SBD and where it is ~ volatility makes it hard!
I might be wrong about this...not 100% sure. The problem is, it is hard to get good info about this because not many people seem to understand the complexities.
There should be official data on the steem page like a faq for steem, where EVERYTHING is detailed in laymen terms.... I am waiting for this for 2 years now...
There is no official data so, there are a lot of half truths and misinformation circling around.
Confirmed! I found the same problem... I am struggling with managing Resource Credits... Now I hear that even RC's will be a revenue stream for the whales! Remarkable funky fish fry!
No, that is backwards. When SBD is over $1 you want SBD because it is worth more and you get the same amount despite it being worth more (the price of SBD has no influence on how much you receive). When SBD is under $1 you don't want it, take the 100% SP instead (keeping in mind that you won't have access to the rewards in the latter case until you power down).
This is a great PSA to all the Steemian investors out there. I believe @cflclosers posted a video just about a week ago specifically asking about SBD conversions. Hopefully he sees this ;)
So @steem.leo what do we do? What is the strategy? Do I just stay 100% Steem Power ~ that's what seems to be the right thing to me? Just "stake" everything Smart Contract Token created by the STEEM-ENGINE to build up the user accounts for more functionality!
I think the 10% debt ratio is too high taking into account the big price moves in crypto. A smaller debt ratio of about 3-5% would be better in my opinion. SBD conversions and falling Steem price have led to very high Steem inflation numbers in the past year, which makes the situation and pressure for STEEM even worse.
That is not correct info, please change it. When the debt ratio is above 9% it starts printing liquid steem.
When it reaches 10% no SBD will be printed, only liquid steem and SP.
You are right, it should be 9%. It used to be 2-5%. 10% is the hard limit.
Yeah! I was thinking the same thing, but the calculations of all this are sci-fi for people like me... I'm 100% Steem Power for posting and upvoting, do you think that is the right thing given the low price of STEEM?
Will it make a difference in the Steem reward payouts?
This is really difficult to calculate, and with the debt ratio above 9% it changes constantly.
But I think it is rarely a good idea to go 100% instead of 50/50. Right now you get 3 steem for 1 sbd on the internal market, and sbd is below 1 $. So if I am not mistaken, that means you earn more using 50/50.
Thanks for your reply... Maybe I miss understood a post tutorial that said when SBD is over $1 the SP should be set to 100%... When below $1 like it is now, set rewards to 50/50 to earn more from the lower price of Steem. I think I have it now... Just gotta watch SBD and where it is ~ volatility makes it hard!
I might be wrong about this...not 100% sure. The problem is, it is hard to get good info about this because not many people seem to understand the complexities.
There should be official data on the steem page like a faq for steem, where EVERYTHING is detailed in laymen terms.... I am waiting for this for 2 years now...
There is no official data so, there are a lot of half truths and misinformation circling around.
Confirmed! I found the same problem... I am struggling with managing Resource Credits... Now I hear that even RC's will be a revenue stream for the whales! Remarkable funky fish fry!
No, that is backwards. When SBD is over $1 you want SBD because it is worth more and you get the same amount despite it being worth more (the price of SBD has no influence on how much you receive). When SBD is under $1 you don't want it, take the 100% SP instead (keeping in mind that you won't have access to the rewards in the latter case until you power down).
Like I should be 100% now... Thanks!
So whats up here!?
Fake news ;)
@themarkymark, thank you for the explanation how it works with the printing of SBD.
Posted using Partiko Android
i still don't get it lol.
Posted using Partiko Android
Me neither :)))
This is a great PSA to all the Steemian investors out there. I believe @cflclosers posted a video just about a week ago specifically asking about SBD conversions. Hopefully he sees this ;)
thanks @steem.leo I appreciate pointing this out to me!!!!
So @steem.leo what do we do? What is the strategy? Do I just stay 100% Steem Power ~ that's what seems to be the right thing to me? Just "stake" everything Smart Contract Token created by the STEEM-ENGINE to build up the user accounts for more functionality!
Thanks you so much for this wonderful information, I also received steem has part of my post payout this morning..
Thank You @themarkymark I Learned something Today...............
I think the 10% debt ratio is too high taking into account the big price moves in crypto. A smaller debt ratio of about 3-5% would be better in my opinion. SBD conversions and falling Steem price have led to very high Steem inflation numbers in the past year, which makes the situation and pressure for STEEM even worse.
I never do conversion, always use the internal market. Is my strategy flawed?
Internal market does not remove SBD from circulation or reduce our debt ratio.
Sometimes one has a better ROI than the other.