Hey, @ecoinstant.
I'm going to guess you're talking about the comparison between the lifting of the debt ceiling the U.S. Congress loves to do periodically and the lifting of the 5% SBD debt ratio to 9%?
If so, I thought it was too, but the major difference is, the ceiling is 10%, and will remain that way, according to everyone who answered the question. Which is good. We don't need to be jacking that up.
Well, they might have said that at 5% lol.
All they need to do, like congress, is vote again. I do think there are some technical differences, we don't need the debt to pay anything, all we are doing is balancing the markets between debt instrument and token. No body can foreclose on us if we don't pay our debts, for example.
But I still think the analogy is apt.
By the way, I noticed you changed your vote on my comment. Not a big deal, I mis-vote all the time with those goofy sliders, especially on mobile. But did you know that you don't get the voting power back? You actually spend vp for both votes, and just burn the first vote. Just something I learned, and I post it here with all these tech guys hoping that if I am wrong they will call me out!
Love and Light Glen, I always love seeing you around, I like that you try to get to the bottom of things, not a yes-man, but a ask another question man!
Yeah, I've been noticing that myself with the upvote. I should have just left it. I mostly have an issue when the system is glitching and it tells me I have to re-sign in to vote. Then it jacks the slider up to 100% and votes that way without allowing access to it until after the vote is made.
re: said that at 5%.
I was kind of feeling confused myself, about that, but apparently there's just things they find out about as things unfold. It seems a little disconcerting to me, but it's hard to tell sometimes what I should be worrying about and what I can just let ride.
re: vote again
I also thought of that. Is there a market where that might be favorable, or at least considered? I guess we'll find out down line. Whether it has any repercussions or not, why set any parameters at all if it's no big deal to just raise it?
re: not a yes man
Well, I appreciate that. I'm getting too old and grumpy to take things at face value, though I do prefer a civil conversation over a finger pointing contest. It just seems to get more accomplished, and when I have more questions later, they tend to get answered.
I get concerned that in our desire to be transparent and decentralized that we're needing to worry about a great many more things than what we really want to. On the other hand, if this is to be some form of governance for the blockchain, than we all need to be aware of what's happening, and at least attempt to understand it.
Hey that has happened to me! I know exactly what you mean. I have been switching to steemitstage.com when it gets really bad, two nights ago it was pretty terrible. I think this must be server load on the front-end.
I do think parameters are important, because most of what happens is automated. But, I think I read timcliff say that it is better to issue SBD type debt when steem is cheap, because we only need to pay back each one with a dollars worth of steem. So if it goes up we can pay it back with less.
I'm not really worried about it, I think 10 percent is still pretty low for such a useful token. But I really like that you are there poking them about it! Debt is a tool, if used right you can avoid hurting yourself.
I agree what you say, we have a much greater responsibility in a decentralized system!
Cheers Glen :)
we live - we learn
thanks
Oh the debt ceiling in the US, don't worry about that, it's just a number of absolutely zero consequence. LOL if only on steemit we could get away with what is gotten away with there...
Hey, @cryptkeeper17.
I'd like to be able to get away with it in my own pocket book.
No money? No problem. I vote to raise my own personal line of credit. Of course, I'm good for it. I'm me!
If only, but don't forget to also vote yourself a raise first.
Man. It's amazing the United States is still standing and at the very least, a facsimile of a sovereign nation. I guess the fact that the exact same thing could be said about virtually every other nation is what's saving our collective skins. We just keep passing the buck around like a hot potato.
There's so many things that Congress gets away with that we can't. Set your own raise. Blank checks. Insider trading. Unless you tell your family members, then it's a no go.
USA has less debt per % if gdp then China Europe or Japan so it’s not a USA problem but the whole globe
Hey, @geneeverett.
Yep. The world is definitely all tied together in all of this debt. I would say, though, that it is a USA problem if you're living in the USA, just as it is a wherever you are at problem if you don't. It's going to catch up to all of us at some point, and when it does, getting further into debt won't be the option, nor will be raising taxes.
Agreed
But it’s just odd many think the USA is the worst situation
It’s not it’s the best in comparison to China ,Europe , India and Japan especially