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RE: Vlog 198: Enforce the SBD peg or not?
Yes. "I wrote in my diary 5 years ago that my goal was to make $1 Million Dollars. But now I have made $100 Million dollars. I wasn't supposed to make so much money... Let's throw the other $99 Million in the river - It solves the problem."
nice analogy, where is all that value going to go if it gets pegged. just seems like a burning of resources.
It's going to be destroyed, which was the point of my comment.
Its a mischaracterization of the problem though if SBD was pegged at $1 the value (or at least a lot of it) would shift over to the steem token so it's not like throwing away money, more like shifting to a new bank account
I bought a goose because I wanted eggs for breakfast. It laid a golden egg. I am returning the goose and egg to the farmer as it did not do what it was supposed to.