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RE: Should SBD Be a Pegged Asset? If So, When Should We Peg It?

in #sbd7 years ago

Thanks Brian. Yes, payouts our funky and whenever we set expectations about them, we're bound to be disappointed. On the plus side, you do currently have a potential payout of $123 on a Picard meme on Dmania. :)

Interesting that you're confident a rise in SBD will directly lead to a STEEM rise. I see them usually happening together (especially when the combo gets added to a new exchange), but I'm not fully confident STEEM will always rise and fall with the price of SBD directly. Time will tell, I guess, but even then, it's still a correlation, not necessarily a causation. Most likely, they both go up and down based on the larger cryptocurrency market movements.

I'm not as familiar with NuBits. I'll have to look into it. I remember hearing about it as one of the pegs that broke, but it seems like it's doing well recently. I'll have to give it a second look. And yes, I think BitShares has a lot of room for growth for many reasons.