It's good for those of us with some sbd we would convert to steem anyway, but it is against what it was intended to be. Unfortunately we can't do much about market speculation. The witnesses would have to somehow produce more sbd to flood the market and bring the price back down. The economics are beyond me. As you say, having a pegged currency is really useful
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Yeah since its already 100% SBD payout for the liquid portion of rewards, it seems like there isn't much more that can be done in the short term.
but if we keep producing more sbd, it won't have any value at the end of the day!
That's why the supply has to be controlled
by whom? The whales?!? (giggling) - I only see kids playing flag wars . Trending posts have been ridiculous lately.
The witnesses have some control over payment. They could give us steem instead of dollars