this is genius and answers so many of my questions. I'm sharing the crap out of this one since many of my friends in Uganda are so new to Bitcoin, I always study about bitcoin , and almost get involved, then sometimes it slips out of my radar for some reason.
but i have one question for you, Isn't it possible that steem dollars can "go bankrupt" if the value of the assets drop by 95% or more? In a normal market it would be a total fluke event. But in cryptos extreme moves are much more common.
I guess if you look at the meteoric rise Of the SBD, a crash below its pegged value could be possible. I don't know the exact answer, as I haven't looked in to the economics of it much, but I think it is possible yes!