You're expecting steem to fall as low as $1? That's pretty bearish!! Although I must admit, the market does look pretty bad.....but I thought steem could never go back down so low LOL!! How low do you see SBD going?
You're expecting steem to fall as low as $1? That's pretty bearish!! Although I must admit, the market does look pretty bad.....but I thought steem could never go back down so low LOL!! How low do you see SBD going?
Not to be a debbie downer, but keep in mind that SBD was designed to be soft-pegged to USD. So 1 SBD = 1 USD. Per the steem white paper.
I guess question for @ew-and-patterns is where will USD be in Aug 2018? 🤔
Yep totally, that has bugged the hell out of me. At some point rumors were, the witnesses were trying to peg it back to USD. But is that possible in a decentralized system? IF it is possible, exactly how decentralized is the steem blockchain?? Hmmm, exciting questions!! xD
Now wishing i'd paid more attention in all those economics classes. Maybe thats what they were talking about...😐
Good question. Can one currency be pegged to another in a decentralized system. Will try to find out...
HAH I didn't even take economics classes. Had accounting for a year and dropped it because I hated it so much 😁