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RE: Beyond SBD: A Stablecoin for the World.
can not understand how sbd can be more than 1.01 or less than 0.99 ... It was said several times this will be the only task of sbd - to keep steem afloat. What about TrueUSD,USD Coin, Tether,STASIS EURS ..... how can they keep their price?
Right now, SBD does not give you $1 worth of STEEM. It stopped giving $1 worth of STEEM when STEEM price fell below $0.49.
Stablecoins don't necessary mean fixed prices. I doubt gold-backed tokens would be valued at the same exact same price forever. They'd actually appreciate against the dollar, in time.
That's what I'm talking about. When I started using Steem, sbd was over 2 usd. And I thought....that word steem "dollar" is bunch of baloney. I think same thing now
I'd say it stably follows the NPV of the underlying STEEM.
Yes it does. That's why it would be better to have dollar or gold based cryptos in blocktrades exchange
Kinesis's development of a gold-backed stabelcoin would trump fiat-backed stablecoins. It won't be deflationary or at political risk.