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RE: The STEEM DOLLAR Purge Begins : This is what we need to DO

in #steem6 years ago

This solution would introduce counter-party risk. What if the bank freezes the account? It introduces a central point of failure for the entire ecosystem.

But I agree, fixing the peg mechanism is key for the platform and is the only way to deter the speculators who have been pumping (and manipulating) the price.