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RE: What Happens When the SBD Print Rate is Zero?
It is fascinating to see Steem trading below SBD. I guess the peg is working again.
I also am looking forward to seeing how the rewards pan out when Steem and SBD are trading lower relative to the USD.
If anything, this is the time to post. Theoretically, we should be able to see higher rewards in terms of Steem as the price relative to $ declines.
Thanks for sharing this most interesting analysis.
Thanks for your comment. I keep track of such numbers as part of managing the MAP Rewarder fund. The upvote value, reflected in the pending rewards, has been fairly stable over the past month, edging slightly upwards the past week, but we are talking small increments, eg., from 21.6% to 21.9% APR. If activity does slow down then, yes, we may see this figure drift upwards a bit more.
I remain to be convinced that the so-called SBD peg to the US$ is actually a peg; that it currently sits at $1 is due to the overall external market. With STEEM falling below the value of SBD means that the print rate may be stuck at zero for some time. The test of the peg is whether STEEM prices can change while SBD remains relatively stable. We shall see...
What has changed significantly is that there is no longer an "uplift" in rewards due to a high SBD. This means all vote buyers and sellers need to adjust their expectations.
Well, I don't understand most of it, but I can see that you're providing a valuable service for the community. I just now noticed that you can put tags on comments. Huh. I didn't think of that or notice that before.
I have that browser plugin that shows me the current pricing and voting power and reputation, too. I'm just kind of in awe of the way the Steem price has been dropping.
That just means it's time to post. :)