You are viewing a single comment's thread from:
RE: I'm trying to understand the impossible trinity
Hi @danielfs, thanks for joining the discussion,
I want to clear that it is the SBD that should float 1 to 1 to the USD the steem is free to do as it pleases.
The SBD was introduced for that.
please look into my recent posts i put a link ot the original white paper where you can read about the purpose of STEEM VESTS and SBD.
Can't wait for your update analysis.
BTW right now all coding skills as well as linux type experience is welcome hit me on discord
The blockchain has also some kind of centralized institution with some tools to influence the internal market (read the top20 witnesses and some of the settings they are free decide individually)
Thanks for your clarification and suggestions @nnnarvaez.
SBD should float 1 to 1 to the USD to encourage ecommerce. However SBD price peg to USD was broken in the past, therefore would be interesting to understand how Steem blockchain try to peg to USD to find some mechanism to keep the price peg.
Moreover SBD could be an interesting competitor for stablecoins.
In conclusion, I'll update the post but I should read again the whitepaper. The conceptual framework is right there and deserves a deep understanding, specially the economics section.