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RE: Should SBD Be a Pegged Asset? If So, When Should We Peg It?
@boobysteem if you want "free market" for SBD then lets remove the bail-out rule for SBD. let's see how long it lasts next time it drops below 1 $..
In case you haven't noticed Steem has to be printed every time the SBD drops below 1$.to keep it afloat. The SBD is already a regulated coin, just a poorly regulated one.
Dan, which I have immense respect for, got 2 things wrong with SBD : 1- the SBD peg isn't working as the WhitePaper envisioned . 2- the reverse converse is not exploitable anymore in the way the Whitepaper describes