You might have noticed it already. Your Post payouts suddenly don´t solely consist of Steem Power and SBD anymore but of liquid steem as well. That´s the case due to the so call Steem Dollar Stability Enhancement.
So at first this doesn´t really sound bad at all as it seems like you just get some Steem instead of SBD. Due to the fact that SBD is massively overvalued right now it actually means though that your Post rewards in USD will decline over the cause of the next days and weeks.
As the Blockchain always sees SBD being worth 1$ we´ve enjoyed bigger Payouts the last months. But now that we get paid in liquid steem this advantage will slowly vanish as the blockchain always treats steem at its current value. To put it in a nutshell, a payout of 10 SBD could soon be worth only about 5 Steem.
Now that we are already worse off people get liquid steem on a daily basis, which they might possibly start to dump, leading to a further decline in price and hence lower post payouts again. It´s a spiral that´ll continue until the supply of SBD will be reduced to less than 5% of the supply of steem.
For that to happen a massive amount of SBD will have to be either burned through post promotion (no voting bots - The Promotion button!) or converted via the function that got taken off the steemit frontend some time ago. Alternatively 100% Power Up Posts will help to reduce the issue as well as no liquid rewards will be paid.
Unfortunately I don´t see anything of that happening as long as SBD keeps being overvalued as everyone keeps hunting for more SBD. That being said I´m more than just curious on the eventual actions taken through Steemit Inc and our Top 20 Witnesses!
In case you´d like to get all the details about it, you may check this article from dan. I´ve used it as a valuable source and it´s definitely an interesting read:
https://steemit.com/steem/@dantheman/steem-dollar-stability-enhancements
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