They accept SBD too ;)
besides SBD has not proven very stable and long term it has no future....when the Dollar collapses what's its purpose? isn't the purpose of crytocurrencies to replace fiat?
The good part is that when paying with SBD, their SBD price/rate is 1 SBD = $1 USD. This helps reinforce the peg between Steem Dollars and dollars, and hopefully if others do the same the peg can be even stronger (right now it's really weak).
Saying that it moves just as much is actually quite inaccurate. While SBDs don't remain pegged at 1USD at all times, this is still a value they tend to and go back to often enough as the way they are distributed is a market force pushing them in that direction.
Notice the huge difference between the charts. Notice not just the different behavior, but also the difference in the scale. Steem has moved through much larger ranges of values than SBD. It's crystal clear that SBD is much more stable despite the fact that it is not directly pinned to the USD.
The charts look very different, don't they?
(right click the image and open it in a new tab to view it full size)
They accept SBD too ;)
besides SBD has not proven very stable and long term it has no future....when the Dollar collapses what's its purpose? isn't the purpose of crytocurrencies to replace fiat?
They can change the 'SBD-peg' to the USD to whatever the witnesses agree on!
The good part is that when paying with SBD, their SBD price/rate is
1 SBD = $1 USD. This helps reinforce the peg between Steem Dollars and dollars, and hopefully if others do the same the peg can be even stronger (right now it's really weak).implying SBD was ever stable :)
exactly SBD moves up and down just as much as Steem in price no one really considers trading that 1 SBD should be equal to $1
Saying that it moves just as much is actually quite inaccurate. While SBDs don't remain pegged at 1USD at all times, this is still a value they tend to and go back to often enough as the way they are distributed is a market force pushing them in that direction.
Notice the huge difference between the charts. Notice not just the different behavior, but also the difference in the scale. Steem has moved through much larger ranges of values than SBD. It's crystal clear that SBD is much more stable despite the fact that it is not directly pinned to the USD.
The charts look very different, don't they?
(right click the image and open it in a new tab to view it full size)