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RE: Saving SBD - Proposal to Restore the $1 USD / $1 SBD Peg
In the STEEM world, I agree with you 100% - but that was not the intention behind SBD. Based on what is in the whitepaper, the intention of SBD was for it to be a stable currency, and the blockchain is designed to allow 'manipulation' with the intention of 1. holding the peg, and 2. honoring the 'approximately 1 USD worth of STEEM' contract via conversions.
Surprised this isn't in roadmap suggestions unless I've missed it...
SBD well over $2 now.
I could be wrong on that but I feel like the price is pumping because people want to invest in steem but they don't want to buy a currency where the whitepaper said there is 100% inflation.
Even in our own community people still believe steem is hyperinflationnary.
Imo it was very bad to the price to not update this whitepaper, the damage has been done now...and steem will need some solid PR/marketing to reinform people on this currency.
It would be really nice to be able to push the price of steem up when SBD is pumping, to me that's logical since they are inextricably linked.
It should have been. SBD had been pegged slightly below $1 USD for so long, that it wasn't on the radar. Unfortunately the post is past 7 days old.. There are other avenues for getting changes on the dev team's radar. With the SBD peg way off again, this idea is getting more attention. We'll see if it becomes enough of a priority to justify dev work.