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RE: Vlog 332: SBD to STEEM conversion (correction) + Steem Monsters accept outside crypto!
I understand where you are coming from. Currently it's market forces. An SBD can be pegged on the underside but not at the top (>$1).
An SBD is literary only worth $1 of STEEM. I think it was never expected that anyone would pay more for something that's only worth $1.