I have little background on blockchain, programming , economics and data analysis. So the topic has been so tricky.
Nevertheless, It doesn't mean that I shouldn't try. My first approach was to read the whitepaper which gave me a broad idea.
The whitepaper was not enough, so i decided to search for ideas from other authors. This brought some interesting pieces to the puzzle:
Steemit's Evil Plan for Cryptocurrency World Domination
The real money isn’t in blogging, content generation, or voting. The real money is found in bootstrapping a digital currency. A currency owned and operated in a decentralized way by ordinary people. More info: @dantheman 's post
How to Purchase STEEM at a Discount on the Internal Markets by Locking in an 18% Margin of Safety ...
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Doing this weekly, over the long-term, will yield better results than simply holding SP. But, to me, no matter what, having that weekly power down cash flow as zero-penalty liquidity is gold. It's unbeatable, and if you're willing to be at your computer once per week at a time to trade your newly minted STEEM, you'll likely benefit with a larger net increase in STEEM Power in the long-run.
More info: @trending 's post
SBD Explained
The original design behind SBD was that the price should be kept as close to $1 USD as possible. In order to achieve that, mechanisms were built into the Steem blockchain (including several tools that are made available to the witnesses), to help achieve a stable $1 USD price.
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Witnesses were given tools to help adjust supply and demand for SBD if the price of SBD is consistently above or below $1.00. Witnesses are instructed not to use the tools to respond to short-term market conditions, but rather focus on long-term market trends.
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In other words, every single SBD token that is in existence right now is reducing the supply of liquid STEEM tokens on the market, which is helping to increase the price of STEEM.
More info: @timcliff 's post
Steem Dollar have limits
These rules would make the economic system of Steem sustainable and fair in all circumstances by clarifying the meaning of a Steem Dollar. With the clarified meaning, a Steem Dollar is allowed to have values above or below a U.S. dollar under certain market conditions. All traders can be aware of those conditions and trade accordingly.
By implementing these rules long before the STEEM / USD price gets near either extreme all market participants have ample opportunity to adjust their positions. More info: @dantheman 's post
Witness Update - Help fix the SBD peg!
I admittedly don’t have a full understanding of the exact mechanics behind all of this but to my knowledge increasing the price feed bias will shift more of the rewards to SBDs and thereby increase the supply of SBDs which should hopefully put some downward pressure on the price. If someone reading this has a more detailed understanding of exactly how the price feed bias affects the SBD supply I’d love to hear about it in the comments.
More info: @yabapmatt 's post
Why A Broken Steem Dollar Peg Likely Occurred
After weeks of trying to identify why Steem Dollars (SBD) diverged from their $1 USD course, I am going to go out on a limb and assert that it was much in part to do with the rise of bots on Steemit.
More info: @investingpennies post
Testing The Steem Dollar Peg
If the price of STEEM were to stay at about the same level, or even rise somewhat, I would be able to increase the amount of SBD that I have. Potentially by a lot. I will provide an update in a few days showing the price movements and how that would effect conversion payouts.
This is uncharted territory for me. If anyone can help me improve my analysis, please comment below.
More info: @bacchist 's post