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RE: A Few Thoughts About The Decoupling Of SBD From STEEM
With STEEM-SBD relations we hit with a trade-off between low SBD obligation ration to STEEM and enforcing SBD to USD peg from the above.
- on the one hand you need to print any amount of SBD needed to keep its price from rising with no brakes set.
- on the other, you want to keep STEEM obligation to SBD tokens lower than 10%.
Essentially you hit a dichotomy. Either you have a token forcibly pegged to 1 USD or you don't control the inflation of STEEMs. This is the lesson we learned from such an economic construction.
Economist-guy out )