RE: Why the exchange rate of SBD on internal market worse than of Upbit
I don't really know the answer to this, but I generally consider myself grateful for what we have, if you take into account that the original intention around here was that 1 SBD = 1 USD.
The Upbit numbers are often irrelevant, because they are generated purely by automated speculative trading... as you know, these sudden spikes upwards almost immediate sees a return to the same level as before. Clearly somebody on that exchange (who might simply be a TRADER without even a Steemit account) clearly makes a small fortune on this, but there are also many who "pile on" and end up with losses.
I expect some of the difference between Upbit and the internal market is also the result of a lack of speedy pathways between Upbit and Steemit... Upbit isn't even available outside SE Asia, as far as I know...
I remember that initially it was an idea of having stable coin that would be equal 1 SBD = 1 USD, but it was never a case, that is why recently when it started to drift down I thought that it will be then reaching that level and stop but it is weird that it is very unpredictable and it is difficult to know which direction it will go. We just need to wait and see.
Yes, you are right, it is a shame I believe it is good for the Steemians from South Korea, at least they can use that chance of good exchange rate of SBD.
0.01 SBD,
0.00 STEEM,
0.05 SP