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RE: Saving SBD - Proposal to Restore the $1 USD / $1 SBD Peg
since its listed on poloniex and its going to be pump and dump by someone sometimes. its going to be hard to be fixed
since its listed on poloniex and its going to be pump and dump by someone sometimes. its going to be hard to be fixed
Some short term price fluctuations are OK/expected. The main things are that it doesn't deviate too far off from $1, and that it goes back to 'equilibrium' relatively quickly. The proposal helps with achieving equilibrium faster. If it ends up proving itself as a relatively stable peg, then the pump-and-dumps become less extreme. As people see the price going above $1, they are likely going to sell while it is up, so they can buy back in when it goes back to $1. The same thing is true for when it dips.