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RE: SBD Potato: Peg Repair Community Initiative

in #steemlast year

small question on the way this works. When the blockchain takes the haircut, where does the part that is cut off go??

Does it just dissapear? or is this then kind of like burning steem as well?

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Just means u get less steem on the conversion, 0.90 worth instead of full 1 USD. I’m not actually sure where the 10% goes.

@smooth do you know where the 10% goes? since everything is vests on the chain stuff cannot just dissapear right?

Check out today’s @sbdpotato post, turns out the conversion gets you more like 0.70 rather than 0.90 USD. More info on the post.