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RE: Do Your Part For Steem, Destroy The Debt!!

in #steem6 years ago

I thought that you complained "that the system "rules"" did not work "as claimed".

I remember to have heard or read dan claim that the peg was meant only to prevent declines below 1$, not ascends above it.

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yes this is correct

system automatically adjusts for below and the BIAS function is there for witnesses to maintain "peg" similar to price feed but it isn't used as witnesses are under orders not to enforce

IDNK what bias and feed are.
Will I always be able to receive at least 1$ worth of STEEM for a SBD?
If yes, then what is the SBD haircut?

You got a 50.00% upvote from @sleeplesswhale courtesy of @atempt!

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