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RE: witness update - themarkymark
Did you change the interest rate on SBD because of the price at the moment?
I can't work out why Steem price is being dragged up and beyond the SBD price.
What are your thoughts?
I changed it before the SBD pump. Initially, SBD was pumped due to a new Korean exchange listing STEEM/SBD and non-Steemians bought SBD instead of Steem raising the price. Now people are holding SBD at a high price and don't want to cut their losses too much, so the price is holding a bit.
I'm not 100% sure on the current pump, but I think it is a combination of current high being taken advantage, people holding at higher than the coin is worth, and some internal factors going on.
Cool, thanks for the info, I had no idea about that Korean exchange, I wish they'd start pumping Steem as well :-)
Cg