You are viewing a single comment's thread from:
RE: Exploratory Analysis – How does the Price of SBD impact Power Ups and Steem Power Investment?
The good news is Steemit is still in Beta. The bad news is the algorithm been mess up since the SBD been increasing and follow nearly pair with STEEM which may risk the overall payout. Supposedly the SBD pegged to USD$ 1 but now it is not. If there is a downfall, it might crash the whole market system.
Is it that bad?
The idea of the beginning is to have SBD at flat rate = 1. So whenever we cash out, it will be equivalent to our daily use currency which will not fluctuate much compare to cryptocurrency. What happens now is SBD is eating up the STEEM market whenever an exchange.
Is not a good sign and it may fall badly.