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RE: STEEM and SBD rocketing together? It's Impossible.
I learned a lot from this post, thank you for that.
The higher the value of STEEM, the more SBD will be minted.
I have never thought about it in this way.
Until today, I thought the SBD price is meant to be a dollar. and it's just the algorithm that fucks up. but now I understand that it can be even higher than 9$? that's insane! I was so scared to see the day where SBD is valued at $ again.
SBD was $16 last week.
I know, doesn't mean I didn't think it will go down to 1$ soon.
Yes it can, it is free market after all. But as I've been telling people, the craziness will end. This thought exercise convinces me of it even more.