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RE: Why SBD will fail and how can we fix it?
thank you for the explanation, but it does not solve the danger of big SBD holders scared for a down in SBD and Steem price sell and broke the peg
thank you for the explanation, but it does not solve the danger of big SBD holders scared for a down in SBD and Steem price sell and broke the peg
What's missing is liquidity and on-/off-ramps .. that's all ..
In the meantime big SBD holders can always request a settlement/conversion and rest assure they get a fair price after one week .. then they can sell STEEM in more liquid markets ..