from what I understood there really isn't a peg mechanism in place for when the SBD gets valued higher than USD
Actually there is such a mechanism - witnesses can increase SBD supply with Bias variable. They are not doing it though, at least now.
from what I understood there really isn't a peg mechanism in place for when the SBD gets valued higher than USD
Actually there is such a mechanism - witnesses can increase SBD supply with Bias variable. They are not doing it though, at least now.
Interesting! Seems the more I learn about Steem, the more I see that I understand very little..