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RE: Attention SBD Converters: Please Read - Important Information about SBD -> STEEM Conversions

in #sbd • 8 years ago (edited)

SBD is not supposed to be priced by the free market.

But it is.

@timcliff 's last response

When witnesses artificially inflate the price of STEEM via their price feed, it causes the amount of SBD rewards that are available for post rewards to go up.

So the purpose of the price feed is to produce more or less SBD in order to lower/increase SBD price if too high/low. Witnesses can influence the price but ultimately the free market decides what the price is.

8 years ago in #sbd by
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