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RE: SBD, What’s going on …

in #steem7 years ago (edited)

The point I am making is content producers are getting money for their work, if they cash it out to fiat they are withdrawing it from the system. That is their choice of course but because of the crazy price of SBD it's possible now to cash out at a much faster rate than is intended by the setup of the system.

This withdrawal will deplete the economic value of the system which is not good for Steem longer term. The only way to stop this drain is to convert the "bonus" to Steem instead of cashing out.