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RE: Steem's Smart Media Whitepaper: A Plain English Review
SBD is worth at least one dollar (or thereabouts). But since it can be freely traded, the market may decide that's it's worth more.
SBD is worth at least one dollar (or thereabouts). But since it can be freely traded, the market may decide that's it's worth more.
That means the Steem blockchain design did not anticipate the market valuing SBD more than USD?
A lot of business models cannot be implemented without the stable currency.
How about we redesign the Steem blockchain in order to try and restore the peg in a way that it can be maintained. I have an idea for that in a post I wrote 7 days ago (just hinting it is too old to earn and therefore my goal is more of sharing the idea):
https://steemit.com/utopian-io/@mkdouglas/decentralized-autonomous-steem-central-bank-for-maintaining-the-1-to-1-sbd-peg-to-the-usd