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RE: What's with my Author Rewards??? What's the point of getting payed in STEEM?? Should SBD be forced to be valued at $1 USD? by fow

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Viewing a response to: @vimukthi/what-s-with-my-author-rewards-what-s-the-point-of-getting-payed-in-steem-should-sbd-be-forced-to-be-valued-at-usd1-usd

· @fow · (edited)
$0.10
The value of all sbd cannot exceed 2% of steem market cap. A ton of sbd has been printed by the system  trying to return the value to 1usd and at the same time steem market cap fell off a cliff. This caused the liquid steem to be produced since the 2% debt ceiling was breached.  If steem market cap rebounds then this will stop.
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vote details (4)
@briggsy ·
great answer, I was wonder this as well.
properties (22)
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@vimukthi ·
Thanks for the info. I think this current situation would make SBD go even higher. SBD is already gaining more than STEEM when it comes to percentages.
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properties (23)
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vote details (1)