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RE: Speculation killed the STEEM DOLLAR Utility
Interesting. I was curious as to how that worked.
So the amount of SBD created is correlated to the price of Steem then and supply of Steem then? Essentially SBD created will never exceed 10% of Steem market cap is what you're saying? What would happen to rewards if that scenario ever did occur?
And I thought the declining inflation basically does give Steem a hard cap no? I've seen a few places that list a max supply for Steem. Now I'm wondering where they get that number? Which is roughly 250 mil.
That has happened before. The rewards are paid out in Steem instead of SBD.