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RE: Where Does the Money Come From? The Rewards Pool Explained
this is genius and answers so many of my questions. I'm sharing the crap out of this one since many of my friends in Uganda are so new to Bitcoin, I always study about bitcoin , and almost get involved, then sometimes it slips out of my radar for some reason.
but i have one question for you, Isn't it possible that steem dollars can "go bankrupt" if the value of the assets drop by 95% or more? In a normal market it would be a total fluke event. But in cryptos extreme moves are much more common.
I guess if you look at the meteoric rise Of the SBD, a crash below its pegged value could be possible. I don't know the exact answer, as I haven't looked in to the economics of it much, but I think it is possible yes!