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RE: How SBDs Are Created And What Could Happen If SBD Is "Pegged" To $10 Instead Of $1

in #steemit • 7 years ago

I hadn't thought about the linked value like you described. I understand that the system adjusts how many SBD are created if the ratio of Steem to SBD goes over 10%. I am not sure how this factors into the equation.

7 years ago in #steemit by
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     7 years ago  

    the system adjusts how many SBD are created if the ratio of Steem to SBD goes over 10%

    AFAIK it's not the "system" but the price feed bias set up by witnesses. Initially it was 5%.

    If it ever gets to 100% then we will get STEEM by an SBD proxy. Much like people who will trade Bitcoin futures will never hold Bitcoin, but a contract about Bitcoin.

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