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RE: Musing Posts
However SBD does not benefit from the bear run at all.. This bear market is where Stablecoin shines as the perfect hedge asset and yet people are fleeing away from SBD.
Also there should be no reason why SBD should not be at $1, does it really take that long to fix a broken peg since the bull run last year? If so then i must say the developer community are incompetent and more importantly indecisive.
A broken peg is worse than no peg.
They are casual about SBD peg otherwise it is not a rocket science for a community like steemit Inc. They know about it and many times it was debated and discussed by leading witnesses but no such development was done in this regard. If they really make SBD pegged properly just like USDT, that will be good for this community.
During the first 6 months of steemit, steem was around 0.2 to 0.3 usd, despite of the low of value of steem, most of the authors were quite happy during those days. So the time has come to return to the original basics and let market decide the steem price but SBD should always be pegged to 1 usd.