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RE: Overinflated SBD Prices Are Not Good - Here’s Why

in #steem7 years ago

check your assumptions.
the word 'over ' conflated with inflated is a micro aggression.
I'm SO triggered.

but I digress.
it's called a free market.
the value of the coins is what the market says.
don't MESS with it.
that never works out well.

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Ya but the SBD is specifically designed to be pegged at $1! When it drifts far away from $1, that is a broken thing.

not necessarily.
an analogy.
a windstrength guage is designed to (say) operate in speeds up to 100mph...when a hurricane hits and the wind speed is 200mph...it don't worka so well.

it it broke? Should it be fixed?...or should it just be left a lone until the external conditions return to normal.

That's what's happening with SBD right now...the external market conditions are exceeding the design parameters of the Peg.

An attempt to 'fix' it would be likely to fuck it up beyond all repair.

Fair point. I'd probably want to buy a new gauge if the windspeeds were consistently higher than 100 mph in that case... but if it was only once in a while, I suppose I would just avoid using it in those extreme conditions.

you're not from West Texas then....why...I could tell you stories about wind..