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RE: Steem inflation review for Q2/2025: Inflation slowed but remains elevated
I also very much hope that the number of conversions will remain low. Fortunately, market prices are now so harmonised that conversion is no longer better than buying/selling on the internal and external markets.
As far as SBD interest rates are concerned, I don't currently see the benefits outweighing the risks. For me, the first reason was the reduction in conversions. However, this is no longer a major problem at present.
Yeah, the reduction in conversions definitely took the urgency out of it. I still think it would be good to experiment, though, just because it's a possible way to attract investors to the ecosystem for passive interest, and because 0% has a long long history proving that it's not very helpful.
Looks like we're in for another quarter with elevated inflation, unless the STEEM price gets a substantial boost. I don't think we're going to offset that bump with burning.
What sums does the diagram show?
Oh, sorry, it's an updated version of the same graph from above, but I should've specified it again here. It's SBD conversions from here. Roughly 3% of the remaining SBD supply got converted to STEEM on the 20th. And that lowered the haircut price by about 3/5 of a cent.
Oh, wow. That would have been clear in the context of the post. I had only looked at my comment to which you had written your reply.
300K is quite a lot! The account had already converted a larger sum a few months ago. Seems to be very speculative. The SBD transfer took place back in April.
Yes, I also think that we can't compensate for the sum by burning.