You are viewing a single comment's thread from:
RE: I Wrote About Steemit On A Major Finance & Investing Website
If the top 20 witnesses implement the price feed bias to keep the price of SBD at $1 like before I am certain the price of Steem will drop. At some point it might be in their interest depending on how things play out.
I'm not well read on the SBD issue. I thought the general crypto speculation was the reason for the rise in SBD price. No?
Nice to meet a fellow Tucsonian too.
Steem Backed Dollar can deal with speculation and price movement up or down using a number of tools including increasing interest rates for holding it and of course price feed bias. The idea originally was to keep SBD pegged at a Dollar.