100% Although if it will continue to rise over time, which theoretically it could, who's dumb then? The STEEM investors that never got to see as steep of a price rise. And when it experiences volatility to the downside, the users looking for a dollar pegged asset.
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the whole steemit ecosystem (should) generate sale pressure.
However I think that it would be useful to reduce the settlement period from 3.5 to 1 day like bitUSD in #Bitshares. People are impatient and that is why they are sometimes able to pay for something more than it is worth.
It does look like the BitUSD is working a whole lot better than the SBD... What is the difference exactly? Only that?
and this:
I watched that now. What creates more sell pressure though, is that simply due to the settlements being more frequent?