If the idea was to peg SBD to the USD why did they not peg it in the first place rather that having a peg that just prevented it from falling below 1 USD ?
Is this just snafu ? or is it a case of people assuming one thing when reality is something completely different ?
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They did peg it, the problem is they didn't create enough tools to push it down. The main concern was it falling, I don't think it spiking was a major worry.
We have ways to push it down, but they cause other effects that can have undesirable results.