Follow some of the witnesses for the discussion. Sorry, I dont have a link handy.
And for clarification if i understand correctly sbd is supposed to be one dollar WORTH OF STEEM, not pegged to the dollar. So if steem is at 6 bucks usd you should be able to trade 6 sbd for one steem.
I could be wrong but on the wallet is says "sbd are worth one dollar OF steem".
It is a difference with little distinction but it is important to understand the difference.
I don't mean to be derogatory but there is a lot of "dumb" money in crypto.
And Smart money!
Absolutely there is, I agree. I just am aware of people I know personally that invests blindly. It is what it is but intelligence is not a prerequisite for trading crypto.