mehn exactly what i do with my sbd ,convert to steem to power up but also sometimes its been used to pay bills . but sbd falling to 1usd will be disastrous and have not really gotten your reason for sbd to fall. it as already fall to 2usd before ,so i guess next correction would not pass the 2usd
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The short version is that the system is designed for SBD to sit at $1USD, and so at the moment tons and tons of SBD is being created to adjust for the price. Ultimately supply will out-strip demand and the price will come down.