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RE: Steem experiment: Burn post #103

in #steem7 years ago

Thanks! After getting home I read also read that the SP would be delegated to downvote bots only on @burnpost's initial introduction!

What you say is true, however everyone's profits would be a lot lower if SBD was pegged back down to $1 as originally planned. However, I also feel like it's inevitable that SBD price drops down as it's essentially a useless currency with price artificially driven up by "speculation" (pump and dumps), so I convert all my SBD to Steem whenever I can, even if I don't plan on powering up!

In regards to consistency, I also agree! If the price fluctuates a lot, chances are the price of Steem will fluctuate a lot. I don't care if Steem moons or not, I just want to make sure it doesn't drop too much.