You are viewing a single comment's thread from:RE: Why not peg SBD at $10?View the full contextkewpiedoll (53)in #steemit • 7 years ago can you explain the mechanism of how SBD is supposed to be pegged to $1?
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.