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RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)

in #steem • 6 years ago

I guess I am referring to the "haircut" scenario where the peg really ends up potentially a lot lower than $1 USD.

A couple of months back I wrote about The Coming STEEM DOLLAR Purge but I now realise I got it wrong. With a haircut dynamic in play the downside limit to SBD is effectively gone and we could totally downward spiral in a negative feedback loop.

6 years ago in #steem by
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