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RE: QUESTION TIME | How is new SBD created and who determines how much will be made? |

in #steem • 7 years ago

SBD's are intended to be able to purchase 1 USD worth of Steem. With Steem being around $5 USD, 1 SBD should be 0.20 STEEM.

That some investors would consider SBD's a token that has future potential for going up in value was something not considered when this platform was built.

Maybe there's some more info on timcliff blog posts :)

7 years ago in #steem by
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     7 years ago  

    That some investors would consider SBD's a token that has future potential for going up in value was something not considered when this platform was built.

    I know but why is that such a problem for Steemit that we needed urgent intervention and attempts to bring the price down?

    I don't see any negatives in it, except what I have mentioned. Only positive as everyone is making more than they ever were + it's creating a huge buying pressure on STEEM in end increasing it's price.

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