Do you men if SBD falls below $1 but the total market cap is less than 10% of that of steem's? Or what market conditions are you talking about?
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Do you men if SBD falls below $1 but the total market cap is less than 10% of that of steem's? Or what market conditions are you talking about?
yes, exactly, if SBD falls below $1, people can still convert their millions of SBD to Steem, which can increase the Steem inflation a lot. Exactly that happened during the bear market. Unfortunately there is no function to convert Steem back to SBD if SBD rises above $1.
Well, do that math. There is only 9 million sbd in existence, of which $9 million worth of steem is accounted for. Any excess steem that is created due to the spread between sbd and 1 dollar is minimal. Especially considering there are 320 million steem outstanding. I doubt that even increases the overall inflation rate by 1%.