You are viewing a single comment's thread from:
RE: Payouts Switched To Almost 100% STEEM, As SBD Printing Is Close To Zero Now
But the real question is whether SBD will spike to $10 again?
And, once we see bitcoin move again, STEEM will go back over $1 and probably stay there. So, will SBD be valuable to the STEEM infrastructure?
Should we be looking at removing SBD?
Do we have any emergency way to remove SBD if for some reason the dollar collapses?
I think you wanted to say STEEM, not SBD (also in the next paragraph)...
But if you really wanted to say SBD, I think chances to spike again are lower and lower. When it happened, it was because of its very low supply, which was kind of a "low hanging fruit" for speculators. Now the volumes are bigger and it will require more liquidity to pump SBD to those levels.
But given an attractive risk / reward ratio, somebody with deep enough pockets can move SBD in whatever direction he sees fit. Which is true also for the entire market, IMHO.
SBD was created as a stable currency, to encourage e-commerce. Wether or not it will remain in the system, only the system (read: usage) can decide. And yes, if we have consensus, SBD can be eliminated in a hard fork.
I meant SBD. And that spike, mostly from Korea, where they pushed it up to $15. It took forever to come back down to parity with the dollar.
Ok, got it. Same applies.