You might have noticed that the amount of SBD you get for a post has reduced drastically.
I have.
I get about 2-3 SBD per post and a lot more liquid STEEM instead.
The reason for this is pretty simple and the system is working as intended.
All SBD's that are created need to me covered by $1 worth of STEEM.
In the good times (High STEEM price) a lot of SBD's were printed because the payouts were higher.
So, a $2000 post would create roughly around 750 SBD back then.
Easily covered by the high STEEM price. (at $5 dollar STEEM, 750SBD can be covered by 150 STEEM).
Now with the price of STEEM coming down the blockchain realises there is not enough STEEM to cover all the SBD's that were created in the past. (at $1,15 STEEM 750SBD needs to be covered by 652 STEEM).
So the blockchain creates more STEEM and less SBD's until balance is restored.
The mechanisms behind it are more complex but this is how it works in a nutshell.
It's not that it really matters for me.
I'm powering up everything I earn anyway and then some more that I buy with my own money.
STEEM price worries are probably on a lot of peoples minds.
I'm not immune to it.
I sure as hell feel it.
But you can't let it affect you.
This is the time to work extra hard and accumulate what you can.
The rule is pretty simple, accumulate in bad times and sell in good times.
Prices eventually will turn around and the more you have acquired now the better of you will be.
Just make sure you have enough time to sit it out.
Again it takes patience and believe that this blockchain will grow bigger in size than it is today.
I have been waiting for 2 years and a bit now.
I expect to wait some more.
I am part of witness
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