SBD is meant to be a stable currency that’s less prone to fluctuations
This is no longer the case though, and this is my point. If they were to perma-peg the Steem Dollar to the United States Dollar, then it would have purpose, but if it fluctuates the same way as Steem does, then what is the purpose?
Why is it not pegged to the USD anymore?
Is the USD the most stable currency in the world?
If not what is?
SBD is over $2.00 right now... is that price pegged to the USD?
Let me clarify- I’m not saying that the SBD is pegged to the USD right now. I’m asking why is it not?
Was it never truly pegged? Was there a fork somewhere along the line? Are there outside economic factors that prohibit the SBD from being pegged to the USD? Are there any new tax/legal regulations that have any impact on pegging the SBD to the USD?
I find value in having a cryptocurrency with a price stabilization mechanism. In terms of having a business that intigrates cryptocurrency, that price stability is essential for ballencing the books.
There is nothing stopping the Steemit programmers from perma-pegging the SBD to the USD, they just haven't done it.... yet.
Can you think of any reason why they wouldn’t?
I guess they don't want to, I don't know. I have still never actually seen voting via witnesses actually work, but they would have to in order to pass the code change.
You so great
Thanks for the kind words :)