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RE: The SBD:STEEM debt and payouts
This is very useful information. By nature, this will create a larger value for SBD, until the market corrects itself to account for the bloating of SBD in the system. Then people will begin to "burn" their SBD and all will be well in the world again.
Very intrigued to see how this affects voting bot payouts, since nearly all of them rely on SBD payments!
Interesting times indeed ;)
Do you pay for the bot consideing SBD might have a higher value later? even though the return of the bot is higher than the payment, it is split into STEEM also. So now the bidders are going to run a very large risk, the bidbot owners still make a bundle. Do you think they knew this was coming?
I think it was only a matter of time. I also think that they are the cause of the problem (or the users of the bots are), because they are not destroying / converting the excess SBD as a normal user would.
Several factors going on to be sure.