People simply don't have enough SBD to keep up with demand. Remember SBD's stability mechanism only gives it a floor, not a ceiling. The ceiling comes only from arbitrage and expected long-term convergence. I'm selling at around $2 on poloniex as I'm writing this.
This is a bizzare way of shining the light on how there's something "there" there. Your attention is overvalued right now so I can do $ value arbitrage by making you read it and having you maybe give me an upvote even if you would be less likely to upvote such garbage than when SBD is at parity because there would be less noise in the stream.
Essentially vote trading kicks in and we're ok with it. Free money and upvotes all around.
Don't forget to write comments for more free money. You're helping the market be more efficient, lol !
¯_(ツ)_/¯
Excellent! Thank you good sir @nikolai
Yes, nothing wrong in it imo, you can somewhat see it like staking POS. It could be much worse, free money to useless mining all around!
https://www.cryptocompare.com/mining/calculator/eth?HashingPower=16&HashingUnit=MH%2Fs&PowerConsumption=150&CostPerkWh=0.20
EtherDelta is a Goldmine, insane arbitrage opportunity https://steemit.com/gifto/@fifelue/tips-be-a-millionaire-using-arbitrage
Writing garbage is no problem for the majority ;)
Love the post topic ...waiting for your next post ...