I totally agree with you that the Steem Blockchain would profit massively from a stable crypto currency. But right now I don't see that SBD would become a stable currency. My reasons for that are in order to have a stable currency there should be a incentive to arbitrage trading SBD against Steem. That means whenever the SBD Value goes above or below 1 $ there needs to be market participants who can profit by taking the opposite trade so SBD can fall back to 1 $. Look at other stable currency like Maker-Dai or Tether. They all profit from arbitrage trading.
You are viewing a single comment's thread from:
this is not correct. There are plenty of tools to keep the value to $1 if it falls below. But we have no tools to move it down to $1.