If the top 20 witnesses implement the price feed bias to keep the price of SBD at $1 like before I am certain the price of Steem will drop. At some point it might be in their interest depending on how things play out.
Steem Backed Dollar can deal with speculation and price movement up or down using a number of tools including increasing interest rates for holding it and of course price feed bias. The idea originally was to keep SBD pegged at a Dollar.
If the top 20 witnesses implement the price feed bias to keep the price of SBD at $1 like before I am certain the price of Steem will drop. At some point it might be in their interest depending on how things play out.
I'm not well read on the SBD issue. I thought the general crypto speculation was the reason for the rise in SBD price. No?
Nice to meet a fellow Tucsonian too.
Steem Backed Dollar can deal with speculation and price movement up or down using a number of tools including increasing interest rates for holding it and of course price feed bias. The idea originally was to keep SBD pegged at a Dollar.