I may be wrong but I think there's a correlation between irrational SBD prices and the current self-voting situation.
How else would you explain that people are buying a token at 10x the price it is designed to be?
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Oh absolutely, I am not disagreeing with you at all. I was saying that just like a regular pump and dump, this is not a sustainable position.
We seem to have to wait for the irrationality to blow over. I realize I also didn't address your main point that in these conditions printing more SBD does not necessarily help, and I also partially agree (we can probably afford to print some more, but the amount I am thinking is probably insignificant in the big picture of the pump).
The best part is this all is that to the credit of crypto, SBD cannot be arbitrarily printed willy nilly. There are controlled processes :)
They are probably buying SBD to buy STEEM? And they are probably doing that because they expect STEEM to rise in the future.
(I am new here; I am assuming that STEEM can't be directly bought in an exchange)
STEEM can be directly bought on any exchange that lists SBD