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RE: Steem Dollar Stability Enhancements
Currently Steem Dollars represent about 1% of market cap and total about $2.1 million dollars. This is a very safe level.
Let's say that again:
Currently Steem Dollars represent about 1% of market cap and total about $2.1 million dollars. This is a very safe level.
---->> REMAIN CALM <<----
(Now you can read about a new way to burn steem in my STEEMIT SHOP idea)
Was going to sperg out, now I'm good. ;)
Thanks bro, I'm calm now.
What is 'available marketcap'. The VESTS are illiquid, and not part of available market-cap. If we take them out, then we only have 8.4M SBD worth of liquid STEEM. This means, SBD to liquid STEEM ratio is 25%.
Calculated as:
Using current values from steemd.com
All SP counts as well. Just because it is "locked up" doesn't mean it has no value.
I just find it weird to throw both STEEM and VESTS into the same market cap.
Technically they are not the same thing. They don't have the same value - VESTS need to be adjusted to account for inflation and opportunity cost that comes with the lock-in.
Although now that I think of it, my point on counting only the liquid STEEM is baseless. SBD is created in 1:19 ratio, all of the STEEM being issues as VESTS.
imo