It's mainly because SBD was intended as a stable payment instrument. It's not really a token, but more of a debt-based smart contract on the Steem blockchain. If the debt-to-ownership ratio is too big, then the whole system may collapse.We're very far away from that situation, but it's a possibility.
It's mainly because SBD was intended as a stable payment instrument. It's not really a token, but more of a debt-based smart contract on the Steem blockchain. If the debt-to-ownership ratio is too big, then the whole system may collapse.We're very far away from that situation, but it's a possibility.
I am not sure I understand how the debt originates...