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

in #sbd7 years ago

"They want to make people poor" is such a gross misrepresentation of reality. It's truly discouraging to see. Please, read my post again and understand I'm trying to make everyone here rich. A broken peg may not be the best way to do that, nor the best thing for those whose local currency is completely broken and they need something stable in order to build a functioning economy. Increasing the rewards pool by increasing the value of STEEM might be the best forward, especially if that speculative token has a stable place for them to store their value.

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artificially controlling a market is never the answer

Which market is artificially controlled? Are you saying the pegged floor of SBD is a mistake and SBDs shouldn't exist at all?

Do you think bitUSD is an artificially controlled market or a well-functioning pegged asset backed by real collateral value?

I really don't understand where you're coming from. If you have some reasonable evidence to support your claims, I'd enjoy seeing it. All cryptocurrency markets get pushed around by whales, but you seem to be directly accusing witnesses of something nefarious. I want to know what that is.