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RE: Since Binance lists STEEM but not SBD, this is how you sell your SBD there anyway
To me, the plan (of pegging SBD to $1) is sound - otherwise, why bother with the third coin/token? My biggest question is, how does steemit practically execute the pegging? Clearly that didn't happen, at least recently - but what was the plan to make it so?
They can change the code to keep it pegged if they want to.
I can see arguments for both sides, but as an author who has been insentivised by the higher SBD to write quality content on Steemit, I don’t want an instant peg.
I think by pegging it, we’ll see a huge drop off in activity which will have a huge negative effect.