RE: Steem experiment: Burn post #103
Please reread this portion:
If nothing else happens, sooner or later (and probably sooner, as it already started recently) the system will stop paying out in SBD and pay out in STEEM ...
When that happens, the SBD party is over no matter what. Those for whom it will be painful had better brace themselves. Winter is coming.
hurt those that are using steemit the way it should be used and are just trying to gain exposure using bid bots.
Apart from the above (it will happen anyway), this doesn't hurt anyone paying for exposure. They will still be able to use bid bots to pay for exposure. It will just cost less to do so!
@burnpost doesn't really change anything about the reward payouts, they are going to lose the benefit of SBD overvaluation no matter what. What it is doing is channeling this inevitability to help the system in other ways.
I was wondering why I was getting some payouts in Steem, now it all makes sense. I still think Steem will stay close to the price of SBD if we take action now or not. Thanks for taking the time to explain your reasoning, It will be an interesting experiment to watch.