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RE: Art: SBDs — What goes up must go down?
Trying to force SBD to $1 is market manipulation...
People will lose trust in the platform entirely if interference forces the value down. You know, the only reason SBD is high value is because people buy SBD, so any changes made to lower SBD value is a direct attack on people investing into the platform.
The soft peg we have now is good enough.
I would like to know who is discussing this steem suicide idea so I can give them a hotline number.
Its not market manipulation if SBD goes back to $1. Its a self-regulation of SBD. Here is how the regulation works: https://steemit.com/steem/@sevenseals/why-the-steem-dollar-sbd-will-fall-back-to-1-us-dollar-the-self-regulation-of-the-sbd
It's all most 70% of witnessess who are thinking about it. They want to use SBD directly for buying stuff instead of US dollar. For this they want a stable currency which is always equal to 1 US dollar.
What i personally think is that they are trying to think beyond the limits of crypto. bitcoin tried to be a currency for buying stuff in market, but failing miserably since all last 8 years.