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RE: My Take on What to do about SBD: Free Market All the Way!!!

in #steemit7 years ago

Thanks for making a long reply. The easiest answer is : 1 USD bill is worth more than the face value in Venezuela. Is that premium Bad? Nope. It's neutral. It's set by the market. If some arbitrary entity like a Gov or a bunch of devs set the price, It's one of the worst things that could happen.

But the current scenario is simply the market paying a premium for SBD which always worth exactly 1 USD. If the price exceed the value, it'll eventually stabilize naturally. Think about the value of water during a crisis. The price hike is a market force. Just let it be. That's the spirit of Laissez-faire which is French for "let do".

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