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RE: The Naked Truth: What Led To Steemit Sudden Surge In growth?
Well its true.. however i must add here thay as much SBD hike is being loved by all steemians, it is certainly pulling steem back from totally going through the roof. The peg has to come back to its original value..
great post..
Good point however witnesses and steemit inc cant control the price because this is a decentralised market isnt it?
Actually witnesses control the price of SBDs. One of their jobs is to take whatever measures possible to keep the peg intact.. so when SBD prices get higher, witnesses start to payout users with higher amount of SBDs. That way, the demand of SBD in market shortens and Supply increases and SBD comes back to 1$ value..