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RE: STEEM, STEEM Power, Vests, and Steem Dollars. wtf is this shit?

in #steem • 7 years ago

They did peg it, the problem is they didn't create enough tools to push it down. The main concern was it falling, I don't think it spiking was a major worry.

We have ways to push it down, but they cause other effects that can have undesirable results.

7 years ago in #steem by
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     7 years ago (edited)

    According to Dan L (i cant be bothered finding the spelling of his last name as you know who i am talking about) it was never pegged to stop it from going up only pegged to stop it falling below.

    I can see that it may be useful to have a stable price.

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