RE: Speculation killed the STEEM DOLLAR Utility

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Speculation killed the STEEM DOLLAR Utility

in steem •  7 years ago  (edited)

Thought I did upvote. Fixed.

But I don't see any mention of a USD peg in anything you quoted. It's still relatively stable as it's worth about $1 of Steem right now. A little more.

The only time it became unstable was when it jumped before the Steem price increased.

I really have no idea where the assumption of a USD peg comes from other than the fact it has a dollar sign in front of it. There is no mention of the USD anywhere.

steem
7 years ago by

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      ·  7 years ago 

    "Merchants need a currency pegged to their unit of account, normally dollars."

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        ·  7 years ago 

      OP seems to confuse 1 STEEM with $1 worth of STEEM ...

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