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RE: SBD Actually Means "Steem Blockchain Dollars", not "Steem Backed Dollars"
I'm still baffled as to how this is possible. I suppose it could just be traders manipulating the price and not necessarily anything to do with Steem or the steemit platform. Either way I've been loving converting 20 SBD to 125 Steem and powering up, great for longterm users