From the first glance I see strange thing: SD and STEEM are strongly correlated via btc price (this variable adds to the mess). The reason for this I don't understand, because SD was positioned as fiat-tied token.
Your experience says that conversion SD - STEEM is not of much sense, if only you don't expect STEEP upward trend.
You are viewing a single comment's thread from:
In the end, it's not backed by fiat. But there are mechanisms that should be utilized to help the market value it at $1. The conversion is one of them.