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RE: Lower debt ratio with conversion of SBD?

in #sbd • 2 months ago

I didn't follow the train of logic exactly so I'm not sure what isn't adding up, but I'm pretty sure that people using the conversion operation is exactly the thing that's supposed to reduce SBD supply and cause SBD rewards to be printed again.

2 months ago in #sbd by
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    Reading a little more carefully, in the final "correct" calculation, did you use the new haircut price in the virtual supply, @moecki?

    The intermediate result seems unlikely to me, as it would then be possible for individual (larger) accounts to influence these key aspects. Of course, the witnesses can also effect such changes by making adjustments to the price feed, but not individual users.

    It isn't the size of the account but the amount of SBD converted that can make big shifts. I imagine the original intention was that lots of individuals would be doing the conversions rather than giant individual accounts doing huge conversions.

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    in the final "correct" calculation, did you use the new haircut price in the virtual supply

    Used, but not written down. Thanks for the note.

    It isn't the size of the account but the amount of SBD

    Also correct. The amount would be decisive. As we have now found out, there is actually an amount from which the debt ratio changes.

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