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RE: Steem Backed Dollars (SBD/BTC): BREAKOUT soon.
well lets hope there is some kind of truth here. Getting steem/SBD back to 1:1 parity is the most important move at the moment.
well lets hope there is some kind of truth here. Getting steem/SBD back to 1:1 parity is the most important move at the moment.
well Steem/SBD isn't supposed to be parity.
SBD is supposed to be $1 USD.
You're right. And thats about 0.45 SBD per Steem so... is still overpriced (0.75 SBD/Steem at the minute)
How is the parity achivable?
A few month ago the major accounts of the platform were promoting the 50% rewards in all post due to a overpriced SBD and bot farming (literally free money)
Then, SBD < Steem so bots are no profitable anymore (for the buyer)
How can the parity come back? By a huge increase in demand?
Then, my next question is: why would the devs hide the 50% or 100%SP rewards from the post?
There are several things in this platform that should be changed in my humble opinion. The most important one: transparency and an easy and understable GUIDE for new users.
Parity can only come back by market demand, mostly from Korea. It can't be forced. Of course theoretically SBD should only be $1USD, but with it listed on exchanges, there is no chance of maintaining this.
I'm not sure why they made it harder to change between 50% and 100% SP. In the current market its crazy to 100% power up anyway. It could very well be the case that they want you to spend and burn the SBD.
Valuable info, specially from a 64 rep user!
Why is crazy to 100% power up at current market? Isn't it the best strategy ?
I agree they want us to spend our SBD.
But then the point is: why SBD is needed if is not worth 1$ and is no parity?
Then the use of SBD in the Steemit platform is useless.
SBD/USD can be kept quite steady - burning off STEEM and converting to SBD, or vice versa, should help keep the price somewhat regular. Not sure if the platform supports that as it is now, but it is theoretically possible.