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RE: How SBD could replace BTC: an Unconventional yet Possible Scenario
I just skimmed over (I'm in a hurry right now) but I will read and re-read your post later and try to understand it better ;-)
But let me ask something in advance anyway. And disclaimer, I don't really have good understanding of internal mechanics.
What role in all this play witnesses who can, and do change conditions and are that way pushing SBD price down? I heard many times from them something in this regard: SBD price is too high, adjustments are needed and I'm doing them. How much this affect SBD price and divergence from 1USD (and STEEM price) and what this mean in case of your idea?
That's a good questions, for which I'm hoping one or more witnesses will reply to via the comments!
But as far as I'm concerned, SBD is only bottom-pegged to the USD.