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RE: Saving SBD - Proposal to Restore the $1 USD / $1 SBD Peg

in #sbd7 years ago

I look forward to reading it. Please share a link here.

One thing though. There is a difference between SBD gaining value on the USD, and it being a drastically fluctuating currency. If it was just a matter of being 'better' than USD and was consistently about 2x as good - that would actually be OK.

The problem is that today it is 2x as much. A few weeks ago it was 6x as much. A few weeks from now it could be worth less than a USD.

If it is fluctuating so drastically, then it loses it's main value proposition of being a stable currency. If we are going to see drastic swings of that magnitude, then why not abandon SBD and just have STEEM as the one and only currency?

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