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RE: STEEM DOLLAR Becomes Redundant as Haircut Hits 38%
It is "almost guaranteed". As long as STEEM doesn't go to zero and SBD continues to fluctuate below par value even occasionally then conversions will eventually drive SBD up to $1. It may take a long time, but @nokodemion is mostly correct on the (almost) guarantee.
Fine print: There is an unintended bug which is printing SBD at a low rate of 1% or less. Since SBD is being printed we can't count on an arbitrarily low rate of conversions to actually reduce SBD supply. The rate is very low, currently around 70 SBD/day, so this probably doesn't matter.
"Almost Guaranteed" sounds a lot like a "Definite Maybe" LOL
The thing about a guarantee is that it needs to be 100% - by definition.
Agreed, it is 99% Guaranteed. Minus the 1% SBD print rate bug. :)
Heh, I agree. Though when the premise is conditioned on a comparison between SBD and STEEM, I think it is fair to assume STEEM doesn't go to zero.
The tricky thing is we are talking about market caps and not price, and that makes it fair to assume steem doesn't go to zero.
I will save 1 steem and 1 sbd in my savings account just to be sure. :)