You are viewing a single comment's thread from:
RE: SBD back at $1: Can we discuss double (and quarrupal) pegging now?
Where is the actual pegging mechanism? Who does what, and when?
BTW the SBD print rate is currently being used to manipulate the amount of SBD created. In the current bear market, hard to say if it is having any effect.
It has been taken out of the web interface, but if I understand correctly, the blockchain is hardwired to allow you to exchange one SBD for one USD worth of STEEM.
The idea is that this same concept could work for:
Probably need some if/else or 'whatever is higher/lower' to get the interaction of the four just right, but I definitely think something like that could work if you pick the bandwith just right (small enough to allow for the services ecconomy to arise, large enough not to make STEEM too volatile as a result.