Steem has tripled in the last month. Bitcoin nearly doubled.
That is 6X the SBD has to work against in the time of a month. Production for that is just too small, especially after the hardfork with nearly nil payout for weeks.
You are viewing a single comment's thread from:
The hardfork is another matter altogether. But price volatility including extreme volatility is a fact of life in cryptocurrencies. If the peg mechanism can't deal with it, then it just doesn't work very well, and considering improvements is reasonable. By contrast, BitUSD (Bitshares pegged USD) recently had a 10x increase in supply (along with almost a 10x increase in BTS price) in a very short time and held the peg reasonably well. So differences in the mechanism do matter.
Steem - and steem and SBD are so close it does not make a difference for that purpose - has a 50 times market capitalization then bitUSD. Daily trading volume of steem is 5 times higher then MC of BitUSD.
You can't compare them in regards to peg stability.
I'm not sure what you are talking about. Bit USD and SBD have similar market cap, as do BTS and STEEM.