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RE: BILL GATES AND HIS SOFTWARE GIANT COMPANY...

in #bitcoin7 years ago

There was post saying that the utility of Steem would be higher if the value was stable. The SBD was supposed to keep the value of Steem peg to USD. There are mechanisms to raise the value of SBD, but there doesn't seem to be a mechanism or the will to bring the SBD closer to the value of 1 USD. It's almost like no real use for SBD's, now.

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Except for a hefty profit, SBD that is. I used to think SBD is internal valuation of STEEM to get an estimate of what STEEM's real value outside of Steemit. I was surprised SBD is also traded. That will surely bring volatility to the token.