You are viewing a single comment's thread from:

RE: Our monetary system is doomed and experts are all in agreement...?

in #money7 years ago

There are always being mire SBD created, so there would not be no future limitation problems as wit BTC f.e.!

SBD should be pegged to 1$ according to the whitepaper - the mechanisms just are not working fine. But there is an ongoing discussion on implememting mechanisms (mainly starting an option for reverse conversion steem - sbd)!
There is a good post by @reggeamuffin about it - I will drop the link when I am back home ;)

Sort:  

Thanks for letting me know - I am aware of that discussion. Just meant current state. But sure - drop the link. Always worth reading something about steemit and its mechanics!

This is the standpoint from witness @reggaemuffin and others who are in favor of a better pegged 1$ SBD; https://steemit.com/witness-category/@reggaemuffin/witness-discussion-sbd-price-and-reverse-peg

@aggroed and some others are against that.

What is your opinion?