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RE: The trouble with SBDs - a poll
I think that if it can't be pegged that we shouldn't have the SBD token at all
I think introducing the reverce convertion option would do the trick )
I think that if it can't be pegged that we shouldn't have the SBD token at all
I think introducing the reverce convertion option would do the trick )
I've heard this one in chats too. I have to admit I'm not exactly sure how that would work to put downward pressure on the price, can you elaborate?
It would increase supply, wouldn't it ?
Right now everybody would initiate reverce convertion to get 1.7SBD for 1Steem after 3.5 days.
If after 3.5 days the SBD pump is still there you sell your new printed 1.7SBD for 20 Steem. Repeat )