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RE: Should SBD Be a Pegged Asset? If So, When Should We Peg It?

in #sbd7 years ago

Thank you so much for your support. I really appreciate it.

As for the timing, I tried to make it clear that on this issue, I will go forward with what the community seems to want most. If people started voting based on those who are willing to support the peg or not, I may change my position on the timing and, as you said, bite the bullet. Ideally, we'd do it in such a way as to ensure as few people as possible get burned by the change.

In the meantime, my advice remains the same: as long as SBD is above $1, I sell for STEEM. I hope others will follow that example. If everyone did that as soon as they received post rewards, the only people who would get burned by an SBD correction would be the speculators who caused the peg to break in the first place.