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.
RE: Should we peg SBD ==> NO
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Should we peg SBD ==> NO
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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