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RE: STEEM - The Steem is consolidating with a little UP after the PUMP of yesterday
The SBD is a very special crypto because yeah the goal was that SBD was pegded, but they didn't put any mechnism to stop it to increase.
So the SBD should stay at least around 1$, if not, the witness will increase the interest rate to try to convince people to keep their SBD and stop the drop. In the case of an increase, they don't have any actions to stop it to increase. So with the current design, I don't think SBD is really peged. But at least the minimum should stay around 1$ but there is no maximum.
Wow
Thanks For the great Reply.
I have a good amount of SBD on Hold somewhere I will be happy to see it stay above $1
Now SBD is going to be scarce because posts Payouts do not Pay in SBD too and we know that when there is a high demand for a scarce Product, inflation takes Place