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RE: Saving SBD - Proposal to Restore the $1 USD / $1 SBD Peg
Wouldn't the reverse convert STEEM effect the longevity of STEEM?
Perhaps individual would be able to reverse steem vestment at 30% penalty to cover potential losses. Backup Witnesses then monitor the account.
That's my suggestion . Thanks for bringing this up though. Markets are brutal.
Technically users can 'exchange/trade' SBD for STEEM today. Allowing them to convert would just let them get the SBD under market value, which would push down the price of SBD as more users did that and sold. It would also push up the price of STEEM because more users would want to buy STEEM to convert to SBD under market value.