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RE: SBD / STEEM DOLLARS now worth nearly TEN US DOLLARS each, WTF?! 😱

in #steemit7 years ago

Man, i have only just started to wrap my head around all these things and that sounds very rational to me ! thanks a ton for the heads up/confirmation. Just earlier today i was thinking about how people were feeling trapped in USDT to an extent as well, and then again there are almost "movements" in the crypto world to use crypto for trading instead of Fiats ... and here we are with SBD providing an alternative. BUT, my concern being that if the dollar value of SBD is not really tethered, then its basically just another cryptocurrency where you know that the bottom of the currency is somewhere just lower than a USD!! thanks a ton for the summary !

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thanks for the kind words @vibvir, glad you found it helpful!