You are viewing a single comment's thread from:
RE: How the Steem Dollar Peg Works
I wonder though if the constant high inflation of STEEM means that over time your exchange rate between SD and STEEM will actually be slightly biased towards discounted SD.
Slightly yes but not as much as the actual discount. This could be corrected for by a slight offsetting adjustment in the feed price, if that made the difference (but it doesn't).
Yeah, I guess it's pretty obvious that inflation wouldn't account for a 15% discount. So why aren't large players betting on the peg and buying up all the SBD at discount?