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RE: Pegging Steem Dollars (SBD) to USD : A Pro and Con Argument

in #community7 years ago

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.

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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

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