4 ms·
What I understood was that, if GD is allowed to sit in an account, it will eventually convert to USD at the reserve rate for that account, thus losing value (as
by gruvious 11y ago
What I understood was that, if GD is allowed to sit in an account, it will eventually convert to USD at the reserve rate for that account, thus losing value (assuming GD=USD in terms of purchasing power). Wouldn't this discourage people from keeping large sums of GD in their accounts?
- gruvious 11y agoOK, your other comment clarified the point for me. I thought that you would lose GD after the 30days because only a percentage of it would convert. I guess I assumed that the rest would be lost instead of resetting or rolling over.
- Suncho 11y agoIn normal times, 100% of GD (subject to the Activation Cap) converts to USD and none of it rolls over. Only during Disruption is some of the GD held back from converting. And other weird stuff is going on during Disruption too.