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RE: My Thoughts About The SBD Peg, And A Proposal For A Soft Peg
My idea is very simple: Allow the individual user to set the ratio between SBD and Steem for rewards. Up to 100% SBD is allowed. Fix the inflation of steem and keep the inflation of SBD variable.
If the SBD price is above 1 USD, people will ask for payouts 100% in SBD - inflation of SBD would increase, hardly any new Steem would be issued.
This would result in significantly increasing vote values - and the amount of SBD issued would increase even more.
I am pretty sure that this would reduce the value of SBD to 1 USD pretty quickly and automatically.
What do you think?
I'll give it a thought....
Thank you. Maybe I am making a mistake in my thinking, but this should work I think.