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RE: What's The Point of the SBD Peg?
Stability can be achieved at a higher value... the point you make on number 1 is fair, but in all fairness curation rewards are so low that unless steem would rise inactivity would insue.
I dont like bidbots or the trending page anymore than you do, but I prefer to earn more rewards in USD terms than cap. I would make it stable at a higher number.