Nobody new will buy steem dollars, they buy steem. The problem is everyone earns steem dollars for their posts, so there will be constant sell pressure. Now that there is a direct way to sell them they will get dumped too, causing a sale like there is today.
This is the first big test of the dollar peg, I guess we'll see if it works.
Nobody new will buy steem dollars, they buy steem. The problem is everyone earns steem dollars for their posts, so there will be constant sell pressure. Now that there is a direct way to sell them they will get dumped too, causing a sale like there is today.
This is the first big test of the dollar peg, I guess we'll see if it works.
Who: the gullible. Why: because speculation.
You cannot spend them anywhere, and their so-called "interest rate" is actually debasement.