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RE: Steemit Monetary Policy: Why the SBD Peg is Broken and How to Fix It. But Do We Really Want It?
Infact you have said it all, if the peg pulls through, the sbd is bound to move with it, the fact that sbd can be 4$ today and 8$, 3.8$ tomorrow is even part of why many people i know are here, everyday pessimism, that the sun one day will shine on sbd and it will favour them. I dont think we need the pegging tbh
Thanks for the comment! SBD has definitely gone up and down a lot in the past month. I think you're quite right in saying that SBD being high has attracted a lot of people onto the platform, especially some trying to make a quick buck because it's easier to earn SBD and it can feel like gambling on the crypto market.