Well, SBD will drop without the two way conversion, it will just be slower. I agree that enabling the conversion at at $7 SBD would be risky, but once it goes down again, we could lock it at $1 and keep it there.
RE: Should we peg SBD ==> NO
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Should we peg SBD ==> NO
SBD will not drop by itself. To many people have to much invested in it. They are earning to much because of it. So the only reason it will drop is if people force it to drop. Or atleast that is my opinion. I could be wrong i aint a guru in these things.
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Mmm, in that sense i could follow. But forcing it down would force people away. And i do not agree that SBD will drop by itself. To many traders are using it everywhere. And alot of people on steem want it to be high.
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The higher the price rises the more SBD get printed. It is like a $1 gift card people now pay $7 for. Most of us ask themselves if they know that on the gift card there is only $1. And the blockchain will keep printing SBD as if they were $1. So we need constant buy pressure to support the high.
In this badly drawn graph you can see what I mean. Steem had a rise and then pretty linear. SBD has pump, long decline, pump, long decline.
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If it drops it drops. If it ever reaches 1$ again (that i doubt) and you peg it then. No one would cry about it. But forcing it down is killing the community. And that i honestly believe in.
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Yeah I think we are on the same side there. Let's talk about this in a month :)
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Hehe noted :D Come back to me in a month reggae. If it is down to 1$ peg it so it does not go any lower :D
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There already is a lower peg on it so $1 will hold. But no one though that users would invest in it xD
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yeah if the price of steem will reach to 10$ then it will surely that sbd will drop
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Dont know where you get your info but i dint know if that is true at all
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