There's multiple solutions to the peg that have been proposed and tossed around multiple times but they where never taken seriously because sbd was flying through space when they where proposed, but now that the price has fallen close to the peg, we have a decent window of opportunity where we could take swift action and do something about the peg.
Don't get me started with hyperinflation :^) I'm from Venezuela and we've had 45000% inflation in the past year and i've been trying to get all my family and friends to move their money away from the VEF and into crypto way before the wild ride of hyperinflation started! Imagine buying something for 300$ one month and then 3 months pass and you see the price at 5.000$!
Now imagine that but 300.000 and then 3 months later the price is 5.000.000! I've seen people on the streets take minutes to try and process the mad numbers we are working with! I bet that in the next few months we will be working with billions and trillions!
damn, i never thought having to think about billions and trillions would end up being such a shitty thing lol im so grateful to have a fiatpaper currency that isnt controlled by assholes,
Our illuminati takes CARE of us man... cremation of care lol... no but seriously venezuela shjows what COULD happen but it DOESNT happen here... because have.. DISCIPLINE hahahaha i mean its still bad to just print money but somehow we find a way to do it without destroying the economy! Why cant venezuela? Why are the venezuelan socialist government assholes just printing so much money? Is that how they pay for their government programs? D they Tax people AND tax them again with inflation? Why do your people vote for such criminal socialists time and time again? Its like they never learn. Must be a very low IQ population? No? well whats wrong with you guys then?
EVEN as we print trillions of dollars we somehow dont manage to hyperinflate our US dollar YET
When it DOES hyperinflate good riddance! ill be happy to be the richest person on my neighborhood and all of you will be too! People will come try to steal your private keys so make sure you are all staked up into Steempower and have the stolen account recovery feature on standbye :D
Sadly, I was basically born into this mess, I was 3 years old when the socialist came into power, the people that vote for the socialist have 2 common characteristics, they have this deep hatred against people that have more money, resources and education than them (hatred towards the "bourgeoisie") and the lazy people that prefer to live in a shithole, not work and recieve free food and aid from the government, what do these people do if they don't work? beats me, probably watch tv all day and breed because the revolution needs more soldiers :^)
Thankfully right now, I finally managed to get another passport and I'm gathering my resources to leave so the 20 year long torture will end soon.