It is still better to have SBD at $1 and for STEEM to be worth more. With SBD at $1 or lower, then people will lean towards 100% Power Up, which keeps unneeded debt out of the system and increases the price of STEEM.
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I hadn't thought of that, but it's a very good point. How much do you think the bid-bots are influencing the demand for SBDs?
They are probably causing most of it and there is probably a relationship between the big bot owners and the pumping and dumping of SBD.