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RE: What's The Point of the SBD Peg?
I get what you're saying. I actually prefer it when SBD rises.
Historically you're better off holding SBD instead of STEEM. When SBD rises it can go crazy.
For the reason, I think it market forces or something like that. The majority of the activities on steemit are done with SBD instead of STEEM, so it's no surprise to see SBD going up the way it does.
With this post I discovered I'm against the peg.