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RE: MANAGING a CRYPTO CRASH - a Steem University publication
Steem and sbd are a bit confusing. I guess sbd is guaranteed for a dollar but it's way above that. It's definitely better to sell on a rebound than the low. lol
SBD was intended to be the equivalent to the amount of Steem rquired for a US Dollar (at least that is what I understand), and the witness have a parameter to try to stimulate SBD sell, or buy by setting some interest rate to SBD. However, this mechanism does not seem to work. That said, we are actually better of with a SBD price higher than 1 USD$, since we now earn more money on our posts. All SBD paid to us does not take into account the higher value of SBD, hence we earn more US$ on our posts and comments when we get upvotes. Lets see where SBD will trend to; It looks like it is kinda on par with Steem value last weeks, and moves in same directions as Steem.
Yeah that's the official story. I think the steem dollar will be the worlds currency and steem will be the internal currency we use to make the dollar.