RE: Addressing the Steem Dollar Situation

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Addressing the Steem Dollar Situation

in steemit •  7 years ago 

The peg is a minimum price peg maintained by interest rates, not a hard peg of $1. So the bottom is supposed to be constrained, but there is no way built in to control upswings.

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7 years ago by

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      ·  7 years ago 

    That explains things. Thanks professor :)

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