You are viewing a single comment's thread from:
RE: SBDs Are Not A Part Of The Pay Out Equation
To cater for people who are more familiar with the USD and less familiar with cryptos, it's nice to have a point of reference. One SBD should in theory be roughly equivalent with one USD, and it should be a stable currency. No, any peg will sooner or later be broken. When steem prices are falling, it's needed to print new Steem rather than to print new SBD to keep the SBD from falling below USD 1 in value.
That's a very good point, @tobixen. Thanks for pointing all that out. I know we've been down around the current price for a while, so there must be another trigger, maybe internal, that's finally been reached, since it didn't split this way the last time (a couple of weeks ago maybe?) when STEEM was down around $1.10 USD?