RE: The benefits of inaction: a defense of a high SBD.

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The benefits of inaction: a defense of a high SBD.

in sbd •  7 years ago  (edited)

while SBD can be sold only on steemit for exactly $1.

SBD can be traded for BTC on Polo 🤔 ....?

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sbd
7 years ago by

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      ·  7 years ago 

    If you read the first sentence of the paragraph and last sentence of the paragraph as well:

    "The only way that I can see [a way to peg SBD] would be to disallow trading on external markets. In other words, Steem is traded on exchanges, while SBD can be sold only on steemit for exactly $1. (And the conversion between steem and SBD also only occurs only on steemit)."

    The fact that SBD is trading on other exchanges, like Poloniex, is why its price cannot be fixed at $1.

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