RE: STEEM needs you to help saving our Stablecoin from Inflation.

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STEEM needs you to help saving our Stablecoin from Inflation.

in steem •  5 years ago 

You've touched on something that I have personally always wondered about; but unfortunately, you have failed to provide sufficient evidence that would lead me to believe that there is "profit" in it as you suggested.

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5 years ago by

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      ·  5 years ago 

    while SBD < USD(Right Now is about 0.64 SBD for 1 USD)

    • Exchange x STEEM for SBD in the internal market for it's internal market value(about 0.20 SBD for 1 STEEM);
    • Convert all that SBD to the proportional STEEM value. The system uses average USD to do the conversion(about 0.12 USD for 1 STEEM);

    In other words, you are selling STEEM for ~20 cents a unit and buying back for ~12 cents a unit. Since 12 < 20 then profit.

    But stop as soon as SBD stabilizes again after reaching a dollar for every unit.

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