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RE: Steem Dollar going through the roof at $3,30. Is it sustainable, and why is it happening? Join the discussion
I read somewhere that Steem dollars are way more scarce than Steem
If you get paid in Steem POWER and SBD from the Rewards Pool, how could there be less STEEM than SBD? Or is it because so many people got Steem POWER a year ago and they cashed it out to STEEM and sold it for BitCoin, which crashed the price of STEEM?
BTW, I guess we can just blame the South Koreans for this. They opened some exchanges and are freaking out about the pending war with North Korea.
I've read that there are 136 million or some Steem, and only 2 million SBD. And while Steem increases every year, SBD does not? So with time what is keeping SBD from becoming more valuable than Steem?
But, we get paid in SBD from the Rewards Pool that increases each month. I can't imagine that SBD is destroyed at the exact same rate it is created to pay Rewards.
Well, it seems that it is worse than those numbers.
According to https://coinmarketcap.com