The best will be to look at the SBD section of the Steemit Whitepaper. You can read it here : https://steem.io/SteemWhitePaper.pdf
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The best will be to look at the SBD section of the Steemit Whitepaper. You can read it here : https://steem.io/SteemWhitePaper.pdf
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They've mis-used the Impossible Trinity. No wonder they're having issues maintaining the peg.