I heard the default 50:50 is temporarily changed to 3:1 (sbd:steem) at the time when started rising, and this is surely to give an advantage to the users.
Then about some weeks a read a post where author claimed witness has abillity to set pricefor SBD and how most of the witness voted for SBD price for around $8.50. According to that theory, SBD would be around at $8.5 for some time.
But I am illitirate on these things. I could have got it wrong too.
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Could you link me the post you are referring to?
Fortunately it didn' take that long,https://steemit.com/steemit/@doodlebear/xowoz-today-i-learned-how-the-price-of-steem-dollar-sbd-is-made-you-should-know-about-that-too
Thanks!
Ok, I'll try to find it :)