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RE: Pegging Steem Dollars (SBD) to USD : A Pro and Con Argument
Very good point indeed, I agree to allow free market to decide now . However even if the witnesses decides to peg SBD to USD (will be a difficult process) , then it should not be a hurried process and community should know before hand.
The whole debate is somewhat moot, because there are already built-in controls to bring SBD back to $1 in the mid-long term.
I think once all the speculators realise that the system is constantly creating new SBD to meet the demand that there'll be an "oh shit" moment and we'll see a mass sell-off... the price will hit $1, the built-in "convert to Steem" option will return to keep the currency stable, and volume of SBD will drop back down accordingly.
So enjoy it while it lasts, because the plunge to $1 is inevitable.
Very good point indeed, thanks for your comment. Lol we all have to enjoy the SBD now before its too late because am sure that it will drop back to USD before end of this year