Why is it not pegged to the USD anymore?
Is the USD the most stable currency in the world?
If not what is?
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Why is it not pegged to the USD anymore?
Is the USD the most stable currency in the world?
If not what is?
SBD is over $2.00 right now... is that price pegged to the USD?
Let me clarify- I’m not saying that the SBD is pegged to the USD right now. I’m asking why is it not?
Was it never truly pegged? Was there a fork somewhere along the line? Are there outside economic factors that prohibit the SBD from being pegged to the USD? Are there any new tax/legal regulations that have any impact on pegging the SBD to the USD?
I find value in having a cryptocurrency with a price stabilization mechanism. In terms of having a business that intigrates cryptocurrency, that price stability is essential for ballencing the books.
There is nothing stopping the Steemit programmers from perma-pegging the SBD to the USD, they just haven't done it.... yet.
Can you think of any reason why they wouldn’t?
I guess they don't want to, I don't know. I have still never actually seen voting via witnesses actually work, but they would have to in order to pass the code change.
You so great
Thanks for the kind words :)